The Billionaires Club

A study of the world’s 2,325 billionaires developed a composite of the typical billionaire.

  • He is male, 63, and married.
  • He’s worth $3 billion.
  • He loves sports, and likes to attend high-profile sporting events.
  • He made most of his money on Wall Street during his 40s and 50s.
  • He keeps 20% of his money in cash, and 5% in real estate.
  • He owns 4 homes, each worth about $20 million.
  • Over his lifetime, he’ll give $100 million to charity–a third of it to educational institutions. That’s about 3% of their wealth. When you factor in billionaires like Gates and Buffet who give away a great deal of their wealth, it’s clear that many billionaires give very, very little away.

These billionaires control 4% of the world’s wealth.

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