Where do billionaires keep their money? - page 4.

dubouis

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Quote from: jinjuro on April 22, 2014, 10:26:12 AM

Quote from: hackjack on April 22, 2014, 10:19:18 AM

I was thinking like China offshore bank accounts somewhere overseas

Very risky, especially during political instability. They can freeze your funds for being a citizen of a certain country. And your billions will stop earning another billions.

Why use China? There are other offshore countries with decent reliable banks.

jinjuro

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Quote from: hackjack on April 22, 2014, 10:19:18 AM

I was thinking like China offshore bank accounts somewhere overseas

Very risky, especially during political instability. They can freeze your funds for being a citizen of a certain country. And your billions will stop earning another billions.

hackjack

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I was thinking like China offshore bank accounts somewhere overseas

dubouis

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Quote from: jinjuro on April 22, 2014, 10:15:47 AM

Most of those money is in stocks, capitals and in hard assets. Only a small percentage is in banks and in cash.

This. Nobody keeps their money in pure cash/banks.

jinjuro

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Most of those money is in stocks, capitals and in hard assets. Only a small percentage is in banks and in cash.

bryant.coleman

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May be they are having multiple savings accounts. Or may be they might be storing the money in Current accounts, or FD accounts. Anyway.... most of these billionaires own companies which are not listed publicly. It is easy for them to store the money in their company's accounts.

hackjack

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Since 250k is the limit on FDIC insured money in a savings account, where do billionaires keep their savings in a way that's safe?

Topic: Where do billionaires keep their money? - page 4. (Read 2668 times)