There Are FAR More Billionaires Than We Think!

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#wealth #billionaire #money
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According to Forbes, America has seven hundred and thirty-five billionaires worth a combined four point five trillion dollars.
But how many billionaires are there really?
When Forbes publishes their list, they add a small qualifier that almost nobody notices, there are 735 LISTED billionaires in America, because nobody knows how many there are really. Forbes employs more than 50 people in 16 countries to compile their list. According to their methodology article they use public financial records, interviews with employees, rivals, attorneys and they attempt to validate the numbers by contacting the billionaires directly. Some co-operate and give Forbes access to their personal finances so they can report a more accurate number, but magazine admits that most don’t.
Much of the list is an estimated guess, but there are also a lot of billionaires out there that will never show up on the list even though they should.
One group are the crony government leaders using their countries central bank as their own personal credit card, but I think there is another group that is even more interesting than that. Forbes and Bloomberg who both get a lot of online attention from their billionaires list have behind closed doors admitted that they have no way of keeping track of the most common type of billionaire in America.
In an interview with the New York Times, Kerry Dolan the editor who overseas the Forbes team responsible for the annual list gave the profile of a billionaire that they would never be able to find. She told the times that “it’s someone who quietly sold a stake in a business for, say, $250 million in the ’90s, then invested it well.”…
That’s it, that’s all there is to it. Two hundred and fifty million dollars is a big exit especially back in the nineties, but it wouldn’t have made the news unless it was a well-known household brand. Most good businesses of this size are boring and only sell their products to other businesses. As a former investment banker who has worked on a lot of these deals personally, I can tell you that two hundred and fifty million dollar exits happen every day and sometimes it’s not even the founders who are walking away with all of the money.
Silent early investors in a private company would only show up on the paperwork in the part that tells the acquirer where to send the money. If a person took their earnings from a sale in nineteen ninety-nine at the height of the dot com bubble and put it all into the market and then spent a meagre one point two million dollars a year ($1,200,000) or one hundred thousand dollars a month on themselves, they would now be worth three point three billion dollar’s ($3,300,000,000) and nobody would know unless they wanted them to.
There are flashy individuals that want to show off their wealth and there are billionaires that couldn’t avoid attention because the companies they founded are too well known but most billionaires are invisible to everybody but their close family, their accountant and the IRS. There are three very important reasons why these billionaires do this and two fascinating strategies they use to make sure they stay under the radar.
The first reason that most billionaires try very hard to stay off the Forbes list is because of the problems that come with public notoriety. Lottery winners are routinely harassed by people begging for money, filing frivolous lawsuits and family members pitching them a business idea over thanksgiving dinner. The average lottery winner is seven times more likely to declare bankruptcy than the average American and the public attention they get is a big reason why.
Not only is getting chased for your money annoying and costly it can be dangerous.
Known wealthy people are the logical target of kidnappings, burglaries and blackmail. High profile business leaders and celebrities employ personal security but it’s difficult for these teams to always cover all family members. Personal security is also expensive and inconvenient because they need to travel, work and live with you to remain effective. A nice relaxing life enjoying your riches can quickly turn into another job of managing a security team.
The best defence is stealth, if nobody knows who you are or what you have in your Schwab account then all of these problems can be avoided, and that’s just the first reason.

[@HowMoneyWorks]

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[@ailediablo79]

Those numbers are the ones in the west and know ones. Iraq alone has thousands of billionaires called government officials that stole 3 to 4 Trillions since 2003. 200B to 300B a year. Not couting investment on those. Also you have billionaires in China CCP and Russia. There is also Trillionair families. Also u have Sauid royal and other kings. I think there is around 10,000 billionaires on the planet. Vast majority are criminals. Even the ones that we know about did some stuff some of them.

[@tbraghavendran]

Why doesn't the IRS publish a similar list 🤔

[@matthalbig9805]

Hi there - Noticed in your commentary you used to work in IB. Currently working in M&A but would be genuinely fascinated to hear more about your career path so far and how you started this channel. Not sure the best way to get in contact, but please let me know if you’d be willing to hop on a quick call at some point.

[@roxaskinghearts]

there is far more billion trillion and millionaires then we know

[@alainportant6412]

1:33 lmao are those jews on the right ??

[@finnwheatley2194]

About a decade ago I asked a very senior private banker in London how many of his clients who were billionaires were in Forbes. He said only a quarter or a bit more. Most aren’t. Especially if you made money in emerging markets or from a private business

[@Stopinvadingmyhardware]

Niche markets. The easiest way to become a Billionaire, is to find a niche and expand into it. If you need more help, I can elaborate

[@elwan_]

​@@Stopinvadingmyhardware elaborate more please

[@robbzooi]

sure bro

[@kenim]

@@elwan_ living in a developing country, its about having friends high in the government and get contracts or monopolies. Take Brazil for example, IIRC 23/24 of the richest people there are government contractors like the infamous Odebrescht.

[@Stopinvadingmyhardware]

@@elwan_ Which sector are you in?

[@crocopie]

If I were a billionaire, I would definitely don't want to let everyone know that I am one.

[@HowMoneyWorks]

Same here

[@aenorist2431]

Most likely because anyone knowing would by default have a valid reason to want to see you dead.

[@harya7517]

"Can I borrow your money?"

[@soufiane4527]

​@@aenorist2431eat the rich until im one right, hassan ?

[@redhot663]

@@HowMoneyWorks I'm pretty sure you already are a billionaire but trying to hide it

[@masonm600]

Alternate title: Min-maxing Stealth Wealth

[@gavasiarobinssson5108]

Bollocks!

[@yebzy]

Nice

[@baddiegaming758]

SNEAK 100

[@michaelmatisse2808]

Party pooper

[@mf--]

Alternate title: Queue for Guillotine is Longer than we Thought

[@mikestanmore2614]

1. Stay off Twitter. 2. Don't buy Twitter. 3. Don't do TV interviews.

[@HowMoneyWorks]

2. Don't buy Twitter.... I LOLed

[@user-wk5ky5io8z]

Russians follow all three rules, yet they still end up on Forbes lists... how?

[@mikestanmore2614]

@@user-wk5ky5io8z Everyone knows Russians are just unlucky, that's why they're so tough! 🙂

[@rhs5683]

Damn, I failed 2,, but I'm fine on the other marks. Did I pass?

[@mikestanmore2614]

@@rhs5683 #2 is a bit of a stumbling block, I know. Don't feel bad, you're not the first. 🙂

[@firestar-er6td]

Thank you! This video has helped me (a billionaire) to hide my vast supplies of wealth (20$ I found on the sidewalk) from the public eye (my mom)

[@fixed6354]

Lmao

[@spermkagensjukebox6886]

FunnyGPT

[@DylanDkoh]

Ahh I’m a billionaire I’m in Zimbabwean dollars

[@user-in2xg2mt9h]

@@DylanDkoh I'm a billionaire in Iranian rials

[@heyjude2109]

😂😂😂😂

[@1foreman]

Several years ago my father sold around 250 acres of land to a gentleman that owned a private independent oil company here in Texas. We knew he was fairly well off. But a year or so after the fact, he sold out his interest in the company and it became public knowledge. He was worth 4.3 billion dollars. I believe it was published in forbes or texas monthly, I can't recall. No one would have ever known. He was looking for hunting properties for when he retired. I won't mention the name here but he was a nice guy. He only came with his wife and a couple of other of his employees when he looked around the place. I remember my father saying he would have asked more for the place if he knew at the time, lol.

[@user-qo7vq6yx8q]

If he was nice he would've given you more just because.

[@advaitV25]

@@user-qo7vq6yx8qhe was nice, not an idiot

[@michaelshu332]

@@user-qo7vq6yx8qhow about he just pays you a fair price. Love how everyone feels they are owed something when they find out someone is well off.

[@unrealistic5996]

@@user-qo7vq6yx8qyou’re the reason these people hide

[@tayyibahz9343]

@@user-qo7vq6yx8qwhy tf do ppl expect rich ppl to do more? He was nice which is why he paid the asking price!! Don’t expect em to pay more just cuz they have money. That’s prob why ur not a billionaire

[@Kill3rwasp]

As an airplane-aficionado, I was traveling and saw the tail # of a private plane at my home airport. Being fascinated by it, I wanted to know where it came from. Looked it up and it led to a LLC, which led to a winery in Napa, which led to a family, which led to a gentleman who was very wealthy. Even when ppl w/ wealth try to hide, there are ways to find them even if it wasn’t my initial intention lol

[@HowMoneyWorks]

You can try, but if someone wants to stay incognito they really can. In that case, if they wanted to really hide they would have had the plane in an LLC with a funny name (You Thought LOL LLC) that was held by another company (winery). You can't see what company is holding it unless there's liens or something public showing the connection.

[@shitedriver8490]

@kill3rwasp as a human lie detector i call your bs

[@Kill3rwasp]

@@shitedriver8490 I was relating a personal experience of uncovering information through an unconventional mean to the video I enjoyed watching. But okay. I guess if human lie detectors are anything like standard lie detectors, I don’t have anything to worry about since they’re wrong more often than they’re right.

[@mikafizz1022]

​@@Kill3rwaspooh I like you!!! You know lie detectors don't work!

[@MedianaDhea]

im an avgeek too. sometimes i googled some jets registration number out of curiosity. i completely understand.

[@Josh-99]

Most rich people don't want you to know they are rich. My wife is a millionaire. She comes from old money. REALLY old money. "Mayflower" levels of old money. Her mother manages a portfolio in the tens of millions of dollars and has investments and trusts set up for her three children. You'd never guess this from how my wife grew up or lived now. Her life has always been comfortable but modest. Her parents sent their children to private school, but they lived in a modest house and drove simple cars. Even now, my wife and I live in a modest house and own an older Prius and a newer Prius. People are always surprised to learn about her finances. So was I, as she never told me a word about how wealthy her family was for the seven years that we dated. I didn't learn about her wealth until we filed our first tax return together. I thought there was an "off by zero" error on her itemizations; more accurately, I thought there was an "off by SEVERAL zeroes" error. We keep everything carefully invested and stay quiet about our money, as it's all locked away in trusts, retirement accounts, and mutual funds. In a few years we will retire and use that money to travel the world together.

[@weird-guy]

Even for normal people ( not millionaires status), some people are a lot richer than people think, but on the other side there’s a lot of people that are poorer than they appear to be because they are in a lot of debt.

[@honkhonk8009]

My dad aint exactly some ultra rich millionaire, but he is "technically" a millionaire cus of his assets. It dont really mean shit tho cus our living standards are no where near travis scott level. I feel like its mostly due to inflation honestly. I think there's a difference between an actual millionaire that

[@drjamespotter]

Mayflower is new money. Old money means your family came over to England with William of Normandy and still own the same land that he awarded them i n 1067.

[@Josh-99]

@@drjamespotter No... No, I don't think that's right at all. In fact, that's pretty much straight out incorrect. Can't tell if you are being sarcastic or not, thanks to the limitations of the written word. If you are, I charge you with one violation of Poe's Law.

[@Vic_XD]

why haven't you guys already retired? with this type of wealth you two wouldn't really need to work. do you just work regular ~$60k-$100k/yr jobs?

[@M167A1]

Staying off of that particular list has never been a problem for me.

[@guccibandana9260]

let me hold $1k bro

[@NerdZooooone]

…..but staying on…🫵🤣

[@saad9736]

😂😂😂

[@TheChees1996]

alex hormozi and one of his friends said it best, "unless you have a message you want to share to the world, its better to stay unknown, than known" in other word if you are rich stay quite and live life with a peace of mind, unless you have something you really what to teach the world.

[@GotMyTowel42]

you can do both by outsourcing as in, pay ppl/orgs to do stuff for you, like spreading your msg can donate anonymously obvs

[@YFolermira]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[@Rodxmirixm]

I always consult a financial advisor before investing. During the pandemic, I used their tactics to minimize risks and maximize profits, generating around $3 million in three years with my advisor, Stacey Lee Decker.

[@VickyAlvy]

I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch with her?

[@Rodxmirixm]

With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.

[@antonnohr]

After reading your insights, I researched her full name and found her online webpage. Thanks for your help.

[@atlas5653]

Scam award

[@rogersnick17]

Stealth wealth is the way to go these days. Live your life, rule your world and no one even knows to cancel you.

[@justcommenting4981]

You can't cancel a billionaire. That's silly.

[@devol_1]

^ Kanye got cancelled...kinda 😅

[@justcommenting4981]

@@devol_1 he didn't.

[@RoflcopterLamo]

@@devol_1 I still listen to his music

[@FuelAirSparkTime]

It has always been the way. That's why our world is so inherently and ubiquitously corrupt and unfair

[@alexsteven.m6414]

From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter

[@edelineguillet2121]

All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

[@fresnaygermain8180]

@@edelineguillet2121 Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $ 280k in the last 4 months by invest ing through my F A.

[@valeriepierre9778]

@@fresnaygermain8180 Impressive! I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging, who's the professional coaching you?

[@fresnaygermain8180]

@@valeriepierre9778 My Financial Advisor is JEFFREY HAROLD STARR I found him on a CNBC interview where he was featured and reached out to him afterwards. he has since provide entry and exit points on the securities I focus on. You can run a quick online research with his name if you care for supervision

[@masonm600]

From 0 to double the top comment likes in 1 day? On a 3week old video? Sus

[@lasgio_]

My friends and I have always agreed that a private life is one of the most valuable things money can never buy. Once youre in the public interest, you could never pay the world enough to forget you who are. Once my friend group gets rich, no one will ever know our name or who we are. We were never popular and have never had any sort of significant presence online which we are grateful for. We live in such a small bubble that we're blessed no one is thinking about us. I definitely dont want to be living rent free in anyones head. The most I'm fine being known for is an expert or influencer in a niche business industry. I dont want to be on the news, media or talked about. No one will ever have me as an interest. Privacy is fucking amazing

[@hidesbehindpseudonym1920]

We will find you

[@lasgio_]

@Josef K privacy is a human right

[@Demmrir]

@Josef K Yeah, ideally billionaires shouldn't exist. But so long as billionaires exist, they shouldn't be allowed to be private. They have as much power as political parties in local politics, it's just not right that no one knows who they are, where to direct ire at their decisions.

[@loveinseattle]

"once my friend group gets rich"... How does it feel to be a 🤡?

[@DJTe3n]

Hahahah yes when you get rich lmao

[@MasterFallenHero]

I like this channel because it reminds me of a different life I had in investment banking. I started at red Bank then moved to a boutique investment firm for high net worth individuals. I'll never forget it because this scraggly college kid comes into my office off a favor of someone at the boutique. He inherited some sum of money from a grandparent and needed help. I figured he was there as a favor from the owner. Nope. His grandparent had legitimate equity in a major business you likely hear about weekly. Sold out of it in the 80s and invested it into a number larger than I felt comfortable managing on my own. So I got a few senior partners involved, and it was still a struggle. We never had any billionaires but I can say from working at a boutique firm like that you'd be alarmed at the capital flowing in a small community and how well its hidden from the publics eye. People who want you to see they have money will let you know. Otherwise it's hidden.

[@leandros_3249]

What exactly did you worked as ?

[@hulahula6182]

probably the local strip club

[@michaelbcohen]

There was a guy in NJ a number of years back who owned a pharma company (family company that when it was bankrupt in the 90s, he bought out everyones shares, and owned 100%) and make it into a company that he sold to a Japanese conglomerate for 800 million (bc the Japanese company is publicly traded, journalists were able to get access to how much profit a year the NJ company was making before purchase by the Japanese from the shareholder docs in Japan). This man won't appear on any forbes list because everything had always been private, but given the companies revenues and the sales, and no doubt he has other investments, he forsure is a billionaire, but no one will know.

[@vedantkale1163]

I always had a feeling that the 30 under 30 list was a lousy thing. The people featured in it were over hyped and vain who cared more about their profile and looks than doing actual work. I mean it was just a bunch of people who made some stupid internet company which had a minute impact in the world but got the recognization like it was a new twitter or something. It just makes so much sense that this was actually paid advertising.

[@blessed_lana6965]

Hard truth 😊

[@heyjude2109]

This list is full of fraudsters.

[@pearpo]

It’s what you do when you are seeking investors to your company.. you hire PR to get you in that list.

[@pearpo]

PS did you know many Vogue articles are paid for by semi-elite people seeking publicity for their art, restaurant, fashion line, etc.. It is well done and Vogue curates it well enough that generally it isn’t obvious.

[@lasgio_]

Also, please more videos like this. Obscure wealth videos are the best.

[@HowMoneyWorks]

I will! I enjoy researching them

[@luis.m.yrisson]

@@HowMoneyWorks There is this documentary called "The One Percent". It was filmed by an actual 1 percenter and it is right here in YT for free. He interviews or tries to interview, other one percenters. He talks exactly about what you say in the video. The One percenters don't want to be found. kzbin.info/www/bejne/f3yWZpaul5iloaM

[@cameroncook2048]

I've spoken to some wealthy people in central London; there are far more than 735 billionaires the subject isn't up for debate. Just walk around places like Harrods and you'll understand. If you were a billionaire, would you let Forbes put you on a public list? The answer is most likely no. Someone I know of worked for a head of state years ago. Publically, he had a few million $. Secretly, he had tens of millions hidden in Switzerland

[@tbraghavendran]

How was he able to escape from the tax authorities 🤔

[@zealmilenio177]

He worked for the tax authority, duh. Former assistant to former minister of finance or something, probably.

[@j134679]

@@tbraghavendran only Americans can't hide money in Switzerland due to laws they agreed on. Everyone else can bring cash there & deposit it to anonymous accounts.

[@tbraghavendran]

@@j134679 then, what do Americans do with their black money or green bucks?

[@MrGayle_]

Nassef Sawiris was the world's richest Arab with a net worth of $7.7 billion. Egypt and Lebanon had six billionaires each, making them the countries with the highest number of billionaires in the Arab region. Since 2018, Forbes has not included Arabs in the global list. That year, the magazine decided to exclude all Saudi Arabian tycoons after the Saudi Arabian government detained dozens of top businessmen from the oil-rich kingdom in a corruption case in 2017.

[@hillelhalevi]

I know a billionaire who is completely unknown. He pays PR firms to keep him out of the news.

[@Adil__99]

Cool that must be you to

[@hillelhalevi]

@@Adil__99 I wish

[@jghifiversveiws8729]

Houston we got him

[@dp_zitha]

​​@@hillelhalevi "I wish" 😂😂😂

[@lifeistooshort649]

Fortunately I have been able to stay off the list thus far! Unfortunately its because I am broke😂

[@KingDonkey77]

That’s exactly what a billionaire would want you to think!

[@ElectrostatiCrow]

You and I are the same.😂

[@christianterrill3503]

I grew up in a pretty rich area,i know for a fact a couple of my friends parents were billionaires.

[@Pistolita221]

I live in a small great lakes city and there are a weird number of billionaires, some you've heard of, most you haven't and it's literal dynastic English wealth, passed down via trusts, llc's, corp's, and kept out of the public eye. Some even live in modest homes.

[@elitecoder955]

What business did they own ?

[@Pistolita221]

@eman aqeel That's not as surprising because it's Toronto/a toronto suburb. My town has ~140,000 people, it's called Ann Arbor. It's a totally separate city from any others in michigan, it doesn't function as a suburb. The city was designed by the same city planners as DC. It really doesn't make sense why there's OLD european dynastic money hiding here. We have a UBS (Swiss Trust Fund bank, so probably literal european nobility). Tis weird for a small midwestern college town. There are over a dozen families here with over a billion dollars that I know the names of, some live on GIANT plots of land outside of town, most live in large homes, but not something only a billionaire could afford. Michigan is a really weird state. It has money like the coasts, with the auto industry, some banks, security, natural resource companies (salt, sand, water lumber, iron, farming, ranching), etc. Ohio has a lot of money that you wouldn't expect, too. I think their money is generally older (rail road baron era).

[@zandaroos553]

@@Pistolita221 is it in Michigan or Illinois? I may know where you’re talking about some of my family used to live in one of those towns until recently and I went to HS in one

[@Pistolita221]

@@zandaroos553 michigan. What city do you think it is? From what I can tell michigan has 3 cities like cities with weird amounts of money.

[@yamuiemata]

Most old money like monarchy's and royalties are not in the forbes list And they are far more wealthy than most of the members in forbes list

[@ThermaL-ty7bw]

1 of Those people could give every homeless person on the planet a house with a garden , a car and a dog house to go with it ... nice world we live in , isn't it ... but when you Have money , you wouldn't want to part with it easily most people who have less money are happier overall though , so ... i wouldn't want loads of money , you'll never know if people like You for being yourself or that they like your money more

[@BeHappyTo]

@@ThermaL-ty7bw "most people who have less money are happier" this is just a thing rich people say to keep you in your place. What matters for happiness really, is having more free time. You can't have free time if you're working 2 jobs just to live.

[@gh0s1wav]

​@@BeHappyTo health is wealth too.

[@blessed_lana6965]

Prince William's Estate worth 2.2 billion

[@BeHappyTo]

@@gh0s1wav wealth is health

[@thanduxolonelisiwe3265]

People actually think the Rothchilds or the Rockefellers or even the Fords (of Henry Ford) or Morgans (of JP Morgan) have lost their wealth because of their invisibility.

[@harya7517]

It was easier to put your name on forbes rather than become an actual bilionaire

[@phoenix5054]

"As seen on Forbes" sounds like a scammy company reputation laundering now.

[@HowMoneyWorks]

Well said

[@harya7517]

@@phoenix5054 I'll add that quote on my CV lol

[@razorswc]

​@@phoenix5054 Patrick Boyle has a video on exactly this

[@handlemonium]

And staying off lists and general public awareness makes becoming one easier cuz you can define what you want, execute when you want, and follow through exactly how you want to reach that practical financial status.

[@julion89]

Considering there's a shortage of long range private jets and yachts over 50 meters with 100+ meter yachts rolling off dock yards like cakes, I'd say there's a whole lot more billionaires than what Forbes publishes

[@shirleneunglesbee1423]

The rich are money minded. That is one thing I learnt from the start. I have always wanted to build wealth. I have set out $167k that I had been saving since 2020, and I want to put it in the stock market so I can grow my wealth. Any recommendations?

[@glenbert1396]

It is really good that you do. I know a lot of people who have made a lot from the stock market. But you need to spend a lot of time studying the market if you want to be a pro, or you use a stock advisor who really knows what they are doing.

[@baileymclean8186]

For real, people underestimate how much they can rake in from the stock market. Started with $127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than $86k within just five months of starting, and it's been an awesome ride since then.

[@smithmurphy]

This is something I've heard of severally, but I just don't know how to find an advisor. If you'll be kind enough, can I ask who your financial advisor is?

[@baileymclean8186]

@@smithmurphy The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with ''JILL MARIE CARROLL'' for about four years now, and she's made decent returns. If she meets your discretion, then you could go ahead.

[@smithmurphy]

@@baileymclean8186 Thanks for the info , found her website and its really impressive

[@hothotheat3000]

The listed people don’t realize that this is a HIT LIST used by scammers, gold diggers, etc to target people. You better believe if I had that level of money, I wouldn’t want the entire world to know. I wouldn’t want to require bodyguards just to go to the grocery store. I don’t want to worry that a new friend is coming after my money. I don’t want my family turning in Gollum, freaking out for money. You absolutely called the correct way to do this: invest it well and spend $100,000 a month. That’s an insane amount of money, more than enough for travel and fun, and NO ONE NEEDS TO KNOW. The urge to flex on people might give you a brief dopamine boost, but the long term effects aren’t worth it.

[@warriorz9451]

For some I understand that nobody wants others to know. If I become rich I wouldn't want to be on the list. I like being seen as a normal person

[@honkhonk8009]

Yeah. No one wants to be like elon musk bruh. That dude is just a celebrity, but the celebrity status fucks him over hella

[@panaceiasuberes6464]

Here in Monaco there's at least 6 real estate billionaires that aren't part of any list.

[@Pistolita221]

You'd be shocked how many billionaires are in Great Lakes states in the USA.

[@MrAssChapman]

Compounding interest is by far the most important aspect of building wealth. Therefor whoever made their big nut the longest ago and then managed to remain financially responsible would be by far the wealthiest person. So say if you make it big shorting Napoleon and then strictly control your family, prevent dilution of your bloodline, and divest your fortune globally for 200 years. I think you'd have a trillionaire family.

[@JimStanfield-zo2pz]

Families grow too fast. This isn't possible. Compounding interest doesn't pay that much either relative to other forms of investments. With inflation, interest barely holds value

[@abdirahmanhassan1848]

yea thats if everything goes according to plan for 4 generations plus but that rarely never happens

[@tappajaav]

Rothschilds family, for example

[@AndrewReginald]

Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Mylah Evander the lady you recommended.....

[@AndrewReginald]

That woman totally changed my life for good. I have come across individuals but none is as honest as Mylah. So surprised you know her too.

[@AndrewReginald]

SHE'S MOSTLY ON TELEGAMS WITH THE BELOW NAME!!!

[@AndrewReginald]

MYLAH EVAN1

[@ege8240]

honestly if you fall for these stupid scams you deserve it. PS; these comments are all bots

[@HistoryRoar247]

These tips will definitely come at handy when I become a billionaire. Thanks!

[@Owsryudie]

Let me know when you hit the billion cap, I will need to cut some tax off that right away.

[@sidwhiting665]

There's a sweet spot for wealth probably somewhere in the mid-$10 millions (say $40 - $70 million). That way you have more than enough money to do just about anything (legal) that you want for your entire life, but without all the gargantuan headaches of being uber-rich.

[@kylesosa3562]

Thats the price of a Penthouse nowadays and are you God to determine how much is enough?

[@johnwick6831]

Brother lemme tell you, a person like you even if given 1B would come back to being poor because of the way you think.

[@FuelAirSparkTime]

When you're that rich and have a headache you can just pay for another head

[@infini.tesimo]

You also have to remember, there's actually trillionaires out here already and you will never see them listed on the public. It's all private money in the back that you won't catch wind of unless you break into the world of reading legal books, cases, and financial remedy like HJR-192. It's ridiculous how much money there is out here.

[@manyseas1219]

its easy ro become rich when you dont pay taxes and exploit third world humans to acquire cheap labor, while charging ridicolous amount of money to your cult members (i mean customer base). Apple

[@spirituality5272]

Source for the trillionaire claim? Or are you just pulling it out of your 🍑

[@redhot663]

I'm pretty sure Putin has been a trillionaire for years

[@raylevi5343]

Where is all that stuff stored?

[@luis.m.yrisson]

@@raylevi5343 In a computer

[@2811JPR]

As a real estate professional for the last five years I’ve had access to see the portfolios of dozens of billionaires. These people own thousands of rental properties and you don’t even know they exist. That’s the way to do it in my opinion.

[@Elphoya]

The real wealth are the friends we made along the way✊😔

[@widodoakrom3938]

Wrong it's our knowledge

[@aragorn1780]

this is something I've pondered for awhile, even among the listed billionaires most ppl can at best name like 10-20 off the top of their heads, because all the rest of them know better than to let everyone know how insanely rich you are and value their privacy

[@Magic_beans_]

That too, there’s famous and then there’s Musk-Zuck-Bezos famous. Tech and media companies have to sell a vision, so their image is far more tied to their CEO individually (especially if they’re also a founder) than is the case with other more established companies. For example: Indra Nooyi spent 18 years as one of PepsiCo’s top executives (CFO, CEO, President, and/or Chair). She was making $15-20M a year including stock-based compensation, so she’s easily worth hundreds of millions if not a billion. Forbes would know about her for sure - Pepsi is a household name and the 40th biggest company in the world by market capitalization - but the average person wouldn’t recognize her.

[@duckpotat9818]

I know some of dad's friends and clients (he's a Lawyer) are worth tens or even hundreds of millions (tho not quite billions) but still aren't found anywhere online. Keep in mind I'm from a medium sized city in a developing country.

[@dimitarmargaritov]

Having a net worth of around a few hundred million would be more than enough for me and in fact it is one of my dreams.

[@honkhonk8009]

@@dimitarmargaritov After $100k a year, the happiness improvements have diminishing returns. This is fact. a few hundred million is great cus you get access to basically everything you actually want in life a lil quicker. But being a doctor/pharmacologist and earning $500k a year is also pretty good since your gonna be investing that money anyways, and your gonna be getting the same stuff, but maybe a year down the line instead of weeks apart.

[@rihasanatrofolo2472]

None of them have billions in liquid cash. Most people confuse this.

[@jasonmoukala8909]

Exactly

[@CaptainJeoy]

That's why you don't want your name there in the first place. Most people are too lazy to understand things properly and would just rather assume.

[@Roni62]

Thank you, I just subscribed. But, there are so many Billionaires it's mind bogging.

[@BrooklynDynasty]

I know a billionaire real estate owner in NYC not even his neighbors know he's a billionaire they know his family owns a few buildings but they don't know how many and the sky scrapers in the city he lives in a apartment building that he owns and combined like ten apt. For himself 😮

[@Pistolita221]

Michigan has a lot of stealth wealth, too. I imagine Ohio is the same, weirdly enough.

[@sidzero]

Looking forward to that video about gamification in business.

[@connynoren1663]

The failure of SVB and everything happening has left the markets in shreds. I'm at a crossroads right now, deciding if to liquidate 200k portfolio down by 10%, and it's uneasy for me to not panic after my recent awful divorce. I just need investing ideas to afford my retirement

[@yeimytsou4459]

sorry for your divorce, there are actually ideas that could be put in place for solid gains during a crash, but such strategies are carried out by distinguished advisors

[@mansurhaythamattia2724]

True, people downplay the role of advisors until being burnt by their emotions, I remember couple years back during covid lockdown, I needed a good boost to help my business stay afloat, thus researched for license advisors, That was the game changer, helped grow my reserve to nearly $1.5m after subsequent investments to date

[@perone2140]

sometimes we fail to realize how resourceful an extra income can be until crisis.. at this point i'm looking for assistance with where to put my money during this financial recession, mind if i look up your advisor pls>>>>>>>>

[@mansurhaythamattia2724]

His name is "Devon Sean Nolan" he's well grounded with 22 years experienced in the financial market, and extensive knowledge of portfolio diversity. I recommend researching his credentials further on the internet

[@connynoren1663]

@@mansurhaythamattia2724 great share, just copied and pasted his full name on my browser, thankfully his site appeared top search! He seems first-rate, his creds speak for itself

[@Blackfatrat]

Thanks for the tips, will defiently use this once I find a billion dollars.

[@Xeit]

Not telling anyone that you are bilionaire is just smart move. Too many beggars, public eyes and all other bs comes from this being a public knowledge.

[@lauriepenner350]

So I just need to act boring, dress boring, drive a boring car, have modest investments and say "yeah, I wish" if someone asks if I'm rich?Looks like I'm 3/4 of the way to being stealth wealthy already!

[@GambaLivee]

I’m a billionaire, but i’m so good at hiding it that i don’t know myself that i am a billionaire

[@Itsv1098]

This is indeed true, I know a few politicians and businessmen who have a net worth higher than a billion, there's so many more billionaire than we think there are.

[@trazzpalmer3199]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@tampabayrodeo2474]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@jr321]

Scammer

[@trevorruth3318]

If you want to meet the billionaires who aren’t mentioned in Forbes list, work in private equity. They exist and there’s a scary amount of them.

[@alansaxena7934]

So there is way more billionaires than than we all think.. hmm 🧐

[@hidesbehindpseudonym1920]

No, there aren't... And if there are then that justifies the expansion of the IRS

[@nishant54]

​@@hidesbehindpseudonym1920 There are but irs can't do anything to their masters.

[@stevencooper4422]

​@@nishant54 Big brain comment

[@raylevi5343]

@@hidesbehindpseudonym1920 You really it's them the IRS will come after?

[@weird-guy]

A lot of them are involved in shady business do you think they are going report to the irs, also the world don’t revolve around the USA.

[@anubhavaggarwal6037]

That was very helpful for me, thank you!!! 😛

[@SpecialAgent666]

I'm chuckling going towards the end there because it's the opposite for me right now. Look, when my dial moves from being a struggling Entrepreneur to where certain Billionaires are right now, I'm totally showing that 💛

[@andrew.]

You could be a billionaire and not even know it

[@DAMfoxygrampa]

If I could reveal that info to myself real quick that'd be nice

[@handlemonium]

Exactly. Maybe my 969 Pi Network tokens will be that $Billion for me someday 😏

[@arthurlasido258]

Is this the financial bros' equivalent of a 10 year-veteran of WoW, creating a bunch of new accounts to pawn on them noobs?

[@daisya.7960]

interestingly enough, Isabel dos Santos, the former president of Angola’s daughter, brought and financed Forbes in Angola. They estimated her net worth and she was the richest woman of africa, 3.4B (from corrupt money). That title and attention brought up investigations about the source of her wealth, she’s now wanted / being investigated in Portugal, Angola and I think England. A lot of members of her father’s party were also known for corruption and inappropriate use of public funds. But they were smart enough not to declare them publicly. I’m sure that there are many other billionaires in Angola or other African countries that choose to live in the shadows to avoid public knowledge and investigations.

[@InnocentBoyV]

Nice tips, very helpful 👍

[@futurehofer1564]

If I was a billionaire I wouldnt want to be on this list

[@albionicamerican8806]

People who make billions from criminal activities usually don't show up on the lists published by the business media.

[@Pistolita221]

Tell that to SBF's lawyers, lmfao.

[@kayabayunreu6092]

Pablo Escobar

[@aleksandertorken8202]

IRS would like a word with you

[@MattDouglas-hj9wh]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.

[@hannahdonald9071]

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

[@trazzpalmer3199]

I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.

[@trazzpalmer3199]

"Carol Pasol Lewis". You can easily look her up, she has years of financiaI market experience.

[@Tarooo89]

I love how this entire comment chain is obviously bots, even the usernames are identically generated lmao

[@tappajaav]

@@Tarooo89 They pop up every now and then in financing-related video comment sections. Sometimes even non-related

[@Viviko]

Wait North Delors is a an asset protection state? The ones I hear about a lot are Delaware and Wyoming. Hmmm. That’s interesting.

[@reprovedcandy]

This is great to know. Will be super helpful when I become a billionaire...

[@yebzy]

2:18 this was so damn motivating to me for some reason. I guess for some reason I used to think this level of wealth was unattainable for me , but this put things in perspective I can get there

[@iryairya2008]

Yes you can brother. Believe and make it happen!

[@erandeser5830]

Good representation of quality Forbes investigative journalism.

[@toorimakun]

The funny thing is there are actually trillonaires also. But yah, they are all from "old money" so not something forbes would be able to track.... also they have their wealth disconnected from them so much that even their home isn't "legally" their home. And their yacht is a "company yacht"..... a company that almost always has no employees :/

[@fuzzypanda1684]

If I was a billionaire, I'd want everyone to know and would publicly list my address. But what they wouldn't know is that it's a decoy house. When people asking for money show up, they'd be directed to a very weird and uncomfortable waiting room and left alone. Once they got uncomfortable enough and decided to leave, they'd be greeting by an intricate series of mazelike hallways, bizarre rooms, and strange doors. When they finally either found their way out (unlikely), or broke down and begged to be let out, someone would go in and escort them off the premises. The number of leeches trying to beg for money would drop overnight. But anyways, as long as we're talking about corrupt bureaucrats, can we talk about Biden?

[@afrazer62]

Lmao😅😂

[@MissiFull]

ingame

[@GUTT470]

The tai Lopez dog got me good 😂

[@QW-pf5lp]

Non-profit organizations are a great way to launder money. No taxation

[@brasssnacks8413]

Forbes's compilation of billionaires is one of the most important endevours of our time! How else will we know where to start when the revolution comes?

[@sk31370n]

you just ask the dude paying you to start the revolution

[@kickapoo1390]

Most of the truly wealthy aren't on any list. Privacy is uber important. People that brag about wealth or try to be known or get on lists are almost all scammers or very dumb new rich people.

[@atake606]

Right, there’s no real advantage to being known if you’re already rich. Much rather be rich and unknown than rich and famous

[@erik3371]

You know you said in this video that no company that isn't the next Amazon or Facebook should go public? I'm very interested in you expanding on this point.

[@SyntheticFuture]

So Blinkest is basically a TLDR service? I think its hard to convey what a book is about without spoiling the story 😅I see it working for educational books but the fun of most stories is not knowing what they are about.

[@somethinglikethat2176]

I feel like I would reject or have trouble believing a lot of ideas in books I've read without the accompanying argument. But I'm not too smart, so maybe I need extra convincing.

[@sngs9565]

How many of them are CASH RICH??? That is the real important question....Most of them are PAPER Billionaires.

[@DanielQRT]

because money is just a social construct, and real wealth exists in actual assets

[@honkhonk8009]

@@DanielQRT What he means, is how liquid is their wealth? Theres a point where yes your worth all that money, but that money dont mean anything since u cant actually use it. My dads "technically" a millionaire. Under $10 mil prolly, but it doesnt mean he's rich, or that he has $3M to blow on random shit for fun. Alot of his assets are stuff he's saving for retirement or to pass down. Ik a lot of way richer family, and family friends, prolly worth 10x more, that are in a similar situation. Thats reality imo. No ones gonna be living a celebrity NBA-player type lifestyle. Irl your just gonna be able to buy whatever normal thing you want, and your just gonna be stable at best.

[@sk31370n]

isnt cash mostly made of paper?

[@papi5377]

Wiedział ktoś o Tym że Elon Mask jest ograniczony umysłowo ? Jak i system Rotchildow która jako mechanizm był bardzo prosty do wysadzenia w powietrze planety.

[@AverriJoint]

I worked for one. I could not believe they have amassed so much wealth because I Never heard of them, also they lived amongst us middle-class people.

[@user-pz3fr2vy4v]

Dame, gonna save this video. Surely, it will be useful in the future

[@dressydress9726]

Would the digital dollar solve the forbes inaccuracy concern, or would digitalization enable the influentials to more easily hide themselves?

[@j.mieses8139]

I'm still working on my first Million..so got a long way to go!

[@aviationdesigner0016]

Forbes should add all the major politicians from all the countries especially the democracies

[@leandros_3249]

The narrator of How money works is actually a billionaire as well no wonder he never shows his face , YT videos is just a side hobby lol 😉

[@vergilmontiero2558]

I wouldn't debate that

[@Pistolita221]

IDK about billionaire... but maybe. The Maverick of Wall Street is probably ridiculously wealthy, too. He did the same work for at least as long.

[@Donkeyearsa]

The guy who owns the company I work for is a billionaire but I totally doubt he is known as the company is privately owned and is not publicly traided. I dont know what his name is as I never asked as me knowing won't help me so it's not worth my time asking.

[@AggamenoT]

The scammers wants to be in Forbe while the real rich want to avoid Forbe.

[@sungjane]

1, Elon Musk

[@sungjane]

made in china and his company will be tie~

[@MissiFull]

The person who wants to be in Forbes will benefit if the person is a personal brand.

[@UmarRosyad]

I have family relative working at oil company in Abu Dhabi. The executives still using taxi to go to the office, and even playing football with their staff in Friday afternoon 😂

[@bhavaymalhotra36]

What was Mosche Safdie doing in the video at 3:04?

[@TheHomeman]

I've been telling my coworkers for years that if you are buying crypto most of them are customers not investors or investomers. It might make them money but more likely not.

[@FirstNameLastName-gh9iw]

2:20 are you telling me my dads old boss might be a billionaire? Edit: oh with 500 million dollar sale he’s almost definitely a billionaire by now

[@sahilsuryawanshi5630]

Hii, you should keep your background music slightly low

[@kamj9334]

Loving the video and your content but I have a critique for future ones. Please limit or tone down the use of strobing or flashing effects. Both the photography flash clip and police flashing clip was very severe and gave me a migraine. I also think about how this may affect people with epilepsy.

[@matrix01234567899]

In Poland every financial report of a limited company (pl. spółka kapitałowa) is public, and name of anyone having more than 5% of any company is public.

[@Mr--_--M]

And why would they wanna be on that list? Money vultures aren’t fun

[@alwandehlophe9077]

Thanks bro really informative video

[@blackopal3138]

Well, I got the unknown part down. No numbers on my private jet, so no one has a clue.. AH hahahah

[@barfymann362]

This analysis of Shakespearean depths is one of intrigue, I must say. Would you like to meet under the Queensboro bridge to discuss this further? For say...$15?

[@j03man44]

4:12 title card on a 12 minute video 😂

[@auggieeasteregg2150]

Got any tips for resumés and internships?

[@realitypoet]

That Evil Corp logo looks familiar lol

[@HowMoneyWorks]

The company's name sounds like "Elon"

[@rahulshendre7089]

damn this is true There are thousands of billionaires and they will keep growing

[@sk31370n]

specially in africa

[@salaadino]

U sound like one

[@rahulshendre7089]

@@salaadino :)