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The next Trillionaire

  • Is there competition to be the world’s first Trillionaire? YES And we will see this happen in 2024.

  • * The world today has a large supply of millionaires and more than 2,700 billionaires, but the first trillionaire remains to emerge.
  • * As wealth becomes increasingly concentrated, the first trillionaire may be among today’s richest people, or could come out of nowhere based on a new, trillion-dollar idea.
  • * A trillion dollars is a mind-boggling amount of money, exceeding the gross domestic product of many nations.

New York CNN  September 2024 — 

Elon Musk’s sprawling empire — spanning everything from electric vehicles and social media to space rockets and miniature brain implants — may soon make him the world’s first trillionaire.

Musk’s business success has made him one of the most influential — and controversial — people in the world. The Tesla boss is already the richest person on the planet, with a fortune estimated at nearly $250 billion.

Now, Musk could become the world’s first trillionaire, a milestone that Informa Connect Academy says he’s on track to hit by 2027.

Informa notes that Musk’s net worth has been growing rapidly at an average rate of 110% per year, making him the “clear favorite” to hit the $1 trillion first.

Musk does face competition though. Read full CNN article

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See how a Family Office might help you

What types of assets are commonly held by billionaires?

While banks do play a large role in how billionaires keep some of their money, it is very rarely the main place they hold their immense funds.

Most billionaires keep their money working for them by investing it in lucrative assets that can offer big returns over time, thus growing their wealth even further.

The following assets are the most common for billionaires to invest in for wealth security and expansion:

Equities are the value of shares issued by a company. By investing in equities for publicly and privately traded companies, billionaires can help start-ups establish themselves and then receive a percentage of the profits as they grow over time.

Generally speaking, investors prefer blue-chip stocks and significant stakes in leading global companies that offer long-term value and stability.
Look into ETFs. https://www.investopedia.com/terms/e/etf.asp

The strategic acquisition of real estate, including commercial properties, luxury residential estates, and investment in real estate investment trusts (REITs), are some of the most popular ways for billionaires to secure and grow their wealth.

As an asset, real estate serves as both a hedge against inflation and a source of rental income because its value increases over time, and the demand is very consistent.

Investing in venture capital means investing in new private companies and startups. This is often done through direct funding or specialized funds.

Investing in venture capital carries a higher risk due to the unpredictability of its growth. Still, there is also a potentially higher return on these investments, making it a key driver of innovation and business expansion.

Hedge funds are offshore investment funds that hold liquid assets and utilize complex trading and risk management techniques in order to promote financial growth and insulate returns.

Hedge funds in billionaire portfolios can be used to achieve diverse investment strategies, including long-short equity positions, global macro strategies, and arbitrage opportunities.

Where do rich people keep their money when they have an appreciation for arts and culture or want to diversify their investments even further? Luxury assets and collectibles.

Due to their exclusive value, investments in art, antiques, luxury vehicles, and rare collectibles are effective wealth investment strategies for the ultra-wealthy.

These assets appreciate in value and serve as aesthetic and cultural symbols while also acting as alternative investments.

Investing in gold, silver, and other precious metals is a traditional store of value that the ultra-wealthy have always used to stabilize their economic status. Precious metal investment is especially useful in times of economic uncertainty or inflation.

See related articles in our News Posts

What are the benefits of philanthropy and charitable foundations for a billionaire? 

Many billionaires allocate portions of their wealth to philanthropic efforts through foundations and direct charity donations. This not only benefits society but also enhances their public image and can offer tax advantages. (see link for Bloomberg).

>> Want to learn more about diversification?

How do billionaires use innovative investments and startups? 

Investments in emerging technologies, renewable energy, biotechnology, and fintech startups can help billionaires grow their wealth and gain status in technological and scientific spheres.  

Many emerging forms of technology require huge investments, and billionaires can provide them in exchange for stock or board positions that further their financial and professional influence.  

Effective Altruism is a great source of ROOT SOLUTIONS TO ISSUES.
https://funds.effectivealtruism.org

DIVISION OF POOR VS WEALTHY

Presented by Redare Journals, is this exploration of societies seen in the world; a division of the growing Billionaires and the growing Poor; an obvious shrinking middle-class. The outspoken viewpoints are to determine solutions as what philanthropists should do to solve these issues. Send us comments on how you wish to get involved!

Look into Effective Altruism (link)


Forecast: Things are about to change in our Economy for the better starting April 2024!

How to Create a Family Office

We are launching $30M+ Funds and Family Offices. Here is how to set one up the best (that fits us):
DISCLAIMER: This is NOT financial or legal advice. All fund projects or Family Offices are subject to multiple variables and risks that make it impossible to predict success. Since we cannot predict success or provide you with information on what an average customer experience is by creating a fund, you should assume you will not have the same type of success or any success at all. We encourage you to seek out advice from other qualified professionals for advice on setting up your particular fund.

Continue reading “How to Create a Family Office”

REDARE

Globally Unbiased Journalism

REDARE: Etymology: reda (“heiress; heir”) +‎ -are

From the wealthy to the poorest, we expose the divide and inequality, with global awareness formed from the diplomatic work of our associates and contributing writers.

Learn so much here and from network of global sovereign perspectives that help one another.

Presented by Redare Journals in May 2022, is this exploration of the need for FINANCIAL LITERACY; from the teens to aging adults, we need to educate on how money works. The outspoken viewpoints are to determine solutions. Send us comments on how you wish to get involved!