billionaires club

jamesbogosian

how do rich people like bill gates, mark zuckerberg, and jeff bezos increase their net worth without working harder or working more legally of course?  how do not only american but british and canadian billionaires do this?  how do they go about increasing their wealth but without working harder or more than they have already done so?  is it by investments or some other means?  would anyone happen to know how they do it legally of course?  

talexuser

By tax havens.

bowlhead99

Not sure if this is entirely a troll question but the principal components of the net wealth of those three individuals are their investments in Microsoft, Facebook and Amazon respectively. The market capitalisation (overall enterprise value) of those companies are over a trillion pounds, over half a trillion dollars and about a trillion dollars respectively. Many people with billions founded or grew successful companies while owning a lot of shares in them, and once they have their billions they may sell off some of their shares to diversify or make charitable bequests but will still keep invested in either 'their' company or some other company or project. The cash does not do a lot of good just sitting in the bank or under the mattress.

IBill Gates only owns something like 1% of Microsoft's shares now having given many of them away or donated to his charitable foundation over the years. Still, if his net worth doubles over the course of a few years it is not because he is suddenly working 100 hours a week instead of 50. It's because the company(ies) in which he is invested have continued to be successful and therefore people are willing to pay more money to buy a share of them which means the share of the company that he owns has become more valuable.

Thrugelmir

Money makes money.  For most people obtaining capital in the first place is the real challenge. After all one only needs so much to actually live day to day. 

eskbanker

Apparently one route to certain instant billions is to become an IFA, so I've read on here....

Username999

Elon Musk may well become the richest human being in all of history IMHO.
With his investment in SpaceX, Tesla, The Boring Company, Neuralink, Open AI.
One to watch.

bostonerimus

Well reinvesting dividends and interest and capital growth requires no work and anyone with some capital invested can hope for those.

ChesterDog

jamesbogosian said:

how do rich people like bill gates, mark zuckerberg, and jeff bezos increase their net worth without working harder or working more legally of course?  how do not only american but british and canadian billionaires do this?  how do they go about increasing their wealth but without working harder or more than they have already done so?  is it by investments or some other means?  would anyone happen to know how they do it legally of course?  

By spending less than they earn and owning things whose value increases.

steampowered

By having their net worth invested. 

Your net worth can increase too, if you make sensible investments. You are able to invest in companies just as much as Bill Gates is.

You are even able to get your investment returns completely tax free by investing through a stocks & shares ISA - you don't need to use a tax haven !!!