What's it like to be super-rich?

How many millions of dollars does it take to be super-rich?
How many super-rich people are out there in the world?
What percentage of the world's population are the super-rich?
How many women are super-rich?
Where do the super-rich live?
Where do the most super-rich emerge?
What's the favourite sport of the super-rich?
What kinds of leisure do the super-rich spend their money on?
Which hotel is the favourite of the super-rich?
How do the super-rich fly?
What cars do super-rich people buy?
How did the super-rich get their money?
Who is the richest super-rich guy in the world?
Who's the youngest super-rich person?
Do the super-rich pay a lot of taxes?
In which things do the super-rich invest?
What kind of jewelry do the super-rich buy?
Do the super-rich still invest in gold?
What are the favorite beach destinations for the super-rich?
Which restaurant do the super-rich choose?
How many millions of dollars does it take to be super-rich?

Super-rich is a term equivalent to that of 'Ultra High-Net-Worth Individuals' (UHNWI). Anyone with a personal wealth of more than $30 million is considered super-rich.

Elon Musk is considered to be the richest person in the world.

How many super-rich people are out there in the world?

According to sources like Bloomberg and Forbes, there are around 200,000 super-rich people around the world.

What percentage of the world's population are the super-rich?

The super-rich represent 0.003% of the world's population. They own 13% of the planet's wealth.

Image: Ryoji Iwata / Unsplash

How many women are super-rich?

Here comes the female factor. In a world whose rules are hetero-patriarchal, women are a minority among the super-rich population: about 40,000, according to Wealth-X. However, their number has grown in recent years and among the super-rich under 50 they are one in five.

Image: Freestocks / Unsplash

Where do the super-rich live?

According to Knight Frank's 2019 Wealth Report, the city with the highest number of super-rich is London (4,944). Next would be Tokyo (3,732), then Singapore (3,598), and then New York (3,378).

Where do the most super-rich emerge?

Although Europe and the United States remain the privileged habitat for the super-rich, Asia is seeing most of the new super-rich emerge in recent years. Especially China.

What's the favourite sport of the super-rich?

This one may not surprise you: according to a Wealth-X study, the super-rich have golf as their preferred sports activity.

What kinds of leisure do the super-rich spend their money on?

The super-rich are not so different from the rest of us in their recreational activities. According to Bussines Insider, people with very high purchasing power spend their money on travel to exotic places, dinner in good restaurants, luxury cars, wine, and clothes.

Image: Dmitry Vechorko / Unsplash

Which hotel is the favourite of the super-rich?

An article in Forbes magazine identified five hotels as the favourites of the super-rich to enjoy: the Bellagio Hotel in Las Vegas (pictured), the Plaza Hotel in New York, the Mandarin Oriental in London, the Hotel du Cap-Eden-Roc in Antibes, and the Raffles in Singapore.

How do the super-rich fly?

The super-rich tend to have private jets. However, if for some reason they need to use commercial airlines, Forbes says, their favorites are Singapore Airlines, Quantas Airlines, Japan Airlines, Lufthansa Airlines, and Air France.

What cars do super-rich people buy?

Rolls-Royce maintains its prestige among the super rich. In fact, Autocar claims, the best super luxury car on the market is the Rolls-Royce Phantom. In its ranking for the super-rich follows the Mercedes-Maybach S650, the Bentley Mulsane, Rolls-Royce Mullinan, Bentley Bentaiga, and Rolls-Royce Ghost.

How did the super-rich get their money?

According to Wealth-X, only 30% are super-rich because they inherited their money. The other 70% supposedly achieved their wealth by themselves.

Image: Sharon Mccutcheon / Unsplash

Who is the richest super-rich guy in the world?

As we have mentioned, according to Forbes, in 2022 Elon Musk (owner of Tesla and SpaceX) is the richest man on the planet. With more than 200 billion dollars he has surpassed Jeff Bezos, who was number 1 in the ranking.

 

Who's the youngest super-rich person?

With the exception of those who have inherited their fortune, Forbes named Kylie Jenner the youngest super-rich woman in history. She achieved the new worth of $1 billion in wealth at age 21. Even Facebook-inventor Mark Zuckerberg entered the super-rich Olympus later: He was already 23 by then.

Do the super-rich pay a lot of taxes?

Since the money of the super-rich is managed globally and at a high financial level, it often remains beyond the reach of national tax authorities. There is a worldwide debate about what the super-rich should pay in taxes. Some super-wealthy, like Warren Buffet (pictured) or George Soros, have publicly asked governments to raise their taxes.

 

In which things do the super-rich invest?

We have already mentioned luxury cars or wine as products consumed by the super-rich. But when it comes to investing there are other options, like those included in Knight Frank's Wealth Report. An example is.... stamps. Some stamps are very expensive collector's items that may become more valuable over time. The most expensive stamp in the world, the Benjamin Franklin Z Grill, is valued at three million dollars.

Image: Ali Bakhtiari / Unsplash

What kind of jewelry do the super-rich buy?

The Wealth Report also mentions jewelry as an investment of the super-rich. The most expensive stone purchased at an auction was the Blue Moon diamond. A Hong Kong millionaire bought it for $45.13 million in 2015.

Do the super-rich still invest in gold?

In times of financial turmoil, gold continues to function as a safe-haven investment. The metal is not subject to inflation or possible damage like money or art. But it has lost some it its importance from the past.

What are the favorite beach destinations for the super-rich?

The super-rich have a preference for islands where they can enjoy exclusivity. In some cases they have their own island. If not, Business Insider reports after Candy GPS, their preferred destinations are Bermuda, the Bahamas, the British Virgin Islands, and Antigua.

Which restaurant do the super-rich choose?

The favorite places of the super-rich are often great temples of gastronomy. In a ranking by CNBC, the number 1 restaurant for the ultra-rich was the Alinea in Chicago. It is led by chef Grant Achatz, who is in the picture. The ranking also included Eleven Madison Park in New York City, and the Osteria Francescana in Modena, Italy.

Read more: where do the super-rich live?

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