How Much Cash Do Billionaires Actually Have in the Bank?
Published in · 7 min read · Sep 13, 2023
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Most people tend to imagine billionaires with enormous piles of cash, sitting pretty in their checking or savings accounts at the local branch.
Would it surprise you to learn that this isn’t quite accurate?
I’ve worked in Wealth Management serving people worth 8, 9 and 10 figures for many years, and based on my experience, I can tell you in reality, when a billionaire stores $50 million in their bank account that’s already a lot.
And hey, that may only represent a mere 5% of their overall wealth.
The fact is, the ultra-wealthy don’t let their hard earned cash chill and take a break.
They make sure their assets are working their assets off for them!
