Do billionaires have their own security?
Billionaires don't typically have their own security for them and the family. The companies that they run handles the security for them.
Most billionaires have security guards due to the risks associated with their wealth and status. According to Business Insider, Mark Zuckerberg had an annual budget of $26.8 million for security and private jets.
Business security
Take Jeff Bezos, for instance, who has reportedly had bulletproof panels installed in his Amazon office, costing around $180,000, out of his annual $1.6 million security budget that is. Then Mark Zuckerberg, where $10 million a year goes on making sure the Facebook CEO is well protected.
While achieving billionaire status may be an aspirational goal for many, the lessons and secrets they embody are applicable to anyone striving for success. Cultivate a growth mindset, focus on value creation, embrace calculated risks, build a strong network, foster innovation, and persist in the face of challenges.
Physical Threats
High net worth individuals require protection from highly experienced and skilled security who have been trained to mitigate risks that may arise and affect your personal security.
Someone will feel slighted.. sometimes tempers flare badly.. its wise to keep a professional cooler head around just to make sure someone doesn't do something they shouldn't. Billionaires also attract a certain amount of attention because they are billionaires.
But nowadays, these aren't the only markers of privilege — it's also being able to enjoy privacy and security. In fact, celebrities, executives, and business moguls alike are all investing in security more than ever before, whether they're building $500,000 panic rooms or hiding their mansions on Google Maps.
Protecting the Billionaire's Welfare, Family, and Assets
To the world's wealthiest families, the World Protection Group is the answer to any worry about kidnapping, hijacking, and even the risk of bodily harm.
Pinkerton's HNWI protection program is a comprehensive security solution designed specifically for individuals with high net worth. The program is customized to provide personal and physical protection for you and the ones you love from potential threats.
The amount a person receives in Social Security benefits is not directly affected by their current income or wealth. Therefore, even if someone is a millionaire or billionaire, they can still receive Social Security benefits if they have a qualifying work history.
Does Jeff Bezos have personal security?
Bezos' executive protection team is most likely drawn from the ranks of former USSS (Secret Service) agents, whose “hands-ready” posture is often so practiced and motionless that the agents' arms can seem artificial.
It might seem contrary to some people's assumptions about the wealthy, but the Capgemini report found that HNWI keep a large and growing portion of their assets in cash and cash equivalents, like short-term mutual funds or certificates of deposit.
Many practice meditation or stick to a nutritious diet. Of the 21 billionaires I interviewed, only one was a smoker; the rest were either previous smokers who eventually dropped the unhealthy habit or have never smoked before.
- Genghis Khan. 1206–1227. King of Mongol Empire. ...
- Zhao Xu. 1048–1085. ...
- Akbar, The Great. 1542–1605. ...
- Amenhotep III. 1388–1351 BC. ...
- Augustus Caesar. 63 BC-14 AD. ...
- King Solomon. 970–931 BCE. ...
- Mansa Mousa. 1280–1337.
Most billionaires lead very business days with full schedules meeting with executives, investors, charities, and interviews. They wake up early in the morning and get started before most other people.
Elon Musk is one of the most powerful individuals. And to safeguard his life the business magnate does get 24/7 security which include bodyguards, private security guards, and armed escorts. His bodyguard literally escorts him everywhere he goes.
Very often one Close Protection Operative is not enough for a client and either two Bodyguards are required, or a bodyguard and a suitably trained (and licensed) Driver. It is about being professional and knowing boundaries, bodyguards are keen to please but are not a jack of all trades.
Hours/Travel
Generally have a set schedule each week. May work full time or part time, but most work 40 hours a week. May work days, evenings, weekends, and holidays. May be on-call in case of emergencies.
Jeff Bezos: $1,600,000 in 2021
Amazon said in its filing that the costs for Bezos's security are "especially reasonable" because he has a "low salary" and hasn't received any stock-based pay. The company was granted permission to install bulletproof panels to Bezos's office in January 2019.
The rich hoard lots of cash because they ultimately want to have peace of mind. As we've learned in a previous article, saving more money continuously increases happiness compared to making more money where happiness plateaus around $150,000 – $200,000 a year. Cash is King except for in a bull market.
Why do rich people need bodyguards?
Having large sums of money will consequently attract some attention, which means there's increased risk of thievery or even violence. In such a case, bodyguards are essential for keeping these high-value targets safe.
They're Well Connected
“One way you can tell someone is wealthy is if they have a good network and connections,” said Baruch Silvermann, financial expert and CEO of The Smart Investor. “Wealthy individuals often cultivate strong networks because they recognize that relationships are invaluable assets.
Moreover, according to a study by Bank of America, millionaires keep 55% of their wealth in stocks, mutual funds, and retirement accounts. Millionaires and billionaires keep their money in different financial and real assets, including stocks, mutual funds, and real estate.
Mark Zuckerberg is one of the richest people in the world, and Facebook has recently upped its spending on keeping him safe, allocating $22 million to his security detail, more than double that of previous years.
Private Banks
These services are especially appealing as they help the ultra-rich grow and preserve their wealth. Private banks also offer high-value financing for assets like aircrafts, yachts and real estate, with some banks even offering asset and lifestyle management rather than just financial products.
