Where Do Millionaires/Billionaires invest there money?

lovinglifenow444

Thanks everyone, I didnt realise anybody had responded until I did a search as for some reason I thought the forum would have alterted me to responses. Sorry I wasnt being rude taking time to respond.

Great advice and I was going to ask on book suggestions today so you have answered my questions.

Cheers to all :beer:

googler

Someone asked in another thread how the Dragon's Den panellists got to be so rich, and I said there

"I'd suggest it could be broadly summarised as;

Build/develop a business
Take passive income from that business (generally not feasible with the smaller businesses in the early stages)
Sell that business for a profit

Look at the Wikipedia entry for Mr Bannatyne;

""Bannatyne's business career began almost immediately after his move to Stockton-on-Tees with an ice cream van purchased for
£450. He soon expanded by buying more vans and eventually sold the business for £28,000, founding a nursing home business
instead. He sold his nursing home business Quality Care Homes for £26 million in 1996 and children's nursery chain
Just Learning for £22 million. He has since expanded into health clubs, with the popular Bannatyne's Health Clubs chain to his name, and also to bars, hotels and property. He recently acquired twenty two health clubs from Hilton Hotels at a price of £92 million.
Bannatyne's is now the largest independent chain of health clubs in the United Kingdom.

His wealth as of 2010 was estimated at £320 million by the Sunday Times Rich List"

Do you need to invest elsewhere, when you buy for £450, develop, sell for £28,000 ..... fund the next business with the £28,000, develop, sell for £22 million.... and you're probably also taking an income from the business in the meantime.

kostigovs

neil324 wrote: »

Imagine chopping up 5 billion into 50K chunks.

I'm having a helluva time

Rainmaker_uk

googler wrote: »

More reading; Rich Dad, Poor Dad by Robert Kiyosaki

I would second this recommendation - essential reading.

Loughton_Monkey

One statistic I would like to see is what percentage of the 'Rich List's' money is in investable money.

My theory would be that the vast bulk of these peoples' wealth is actually tied up - primarily in shares in their own companies, and after that in several properties - not to mention trust funds etc. for their children. How do they value Bill Gates' fortune? He would never disclose his 'bank books'. They simply look up the value of his Microsoft Shares. Anything else is pocket money.

Those that choose (or happen) to have bags of cash probably don't do much different from ourselves. They would have a good professional advisor who would take a brief on the amount of risk, and the need (or otherwise) to get grubby litle hands on the money. Depending on that, it would be invested in an appropriate mix of property, bonds, shares, term deposits, notice accounts, gold, and even savings accounts. Probably across a variety of currencies.

I always remember the Two Ronnies:

Ronnie Barker: "If I was as rich as Paul Getty. I'd actually be more rich than he is."
Ronnie Corbett: "How's that then?"
Ronnie Barker: "I'd carry on cleaning windows."

TRUSt_NO_1_2

cashbackproblems wrote: »

Not just millionaires but i have well paid city friends who put their cash into apartments in zone 1/2 and make a ton from rents and price increases.

Buying shares and earning 2/3% above bank rates is not going to make anyone rich.

Not buying shares ? (there's some bargains out there ...not the FTSE)

Buying property in London (what's Zone 1/2 by the way..is it a semi or a broom cupboard ) ?

Bubble coming in the high end property market ?...we'll see...

TRUSt_NO_1_2

Loughton_Monkey wrote: »

One statistic I would like to see is what percentage of the 'Rich List's' money is in investable money.

My theory would be that the vast bulk of these peoples' wealth is actually tied up - primarily in shares in their own companies, and after that in several properties - not to mention trust funds etc. for their children. How do they value Bill Gates' fortune? He would never disclose his 'bank books'. They simply look up the value of his Microsoft Shares. Anything else is pocket money.

Those that choose (or happen) to have bags of cash probably don't do much different from ourselves. They would have a good professional advisor who would take a brief on the amount of risk, and the need (or otherwise) to get grubby litle hands on the money. Depending on that, it would be invested in an appropriate mix of property, bonds, shares, term deposits, notice accounts, gold, and even savings accounts. Probably across a variety of currencies.

I always remember the Two Ronnies:

Ronnie Barker: "If I was as rich as Paul Getty. I'd actually be more rich than he is."
Ronnie Corbett: "How's that then?"
Ronnie Barker: "I'd carry on cleaning windows."

I've never seen them on a rich list.
They own Europe.

TRUSt_NO_1_2

bobbyj wrote: »

I have fixed bonds, property, but mainly equities. If you can't return double digits percentage at the moment via the stockmarket then you'll never make a bean. My money mainly in trading account playing equities, wtfe can you get a return?? Property no, gold possibly but no interest/dividends, bond market possibly but stockmarket deffffffo.

Agree with you on stock market (not bonds though..)
Where are you right now..which markets and any particular sector ?

snowqueen555

Yes those figures refer to their net worth