« prev   random   next »

1
0

Billionaires avoid real estate

By Patrick following x   2018 May 20, 5:32pm 786 views   3 comments   watch   nsfw   quote     share    


https://therealdeal.com/2018/05/20/heres-how-much-the-worlds-billionaires-park-in-real-estate/

Of the world’s 7.6 billion people, 2,754 of them are billionaires who have cumulatively amassed $9.2 trillion worth of assets, according to Wealth-X’s annual census, and about 3 percent of that wealth is parked in real estate and other luxury goods. Last year, billionaires’ average wealth in real estate and other luxury assets only valued a total of 2.3 percent.


So 97% of billionaires' wealth is not in real estate.

It's almost all stock instead.

BTW, being a billionaire puts you in the top 0.00004% globally.
1   bob2356   ignore (4)   2018 May 20, 6:20pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Patrick says
It's almost all stock instead.


You should read the report instead of the summary Public holdings 42%, private holdings 32%, cash 22%. RE is third largest business but only 3% of wealth. Sounds just a little off some how. How much RE is held through corperations/llc's instead of directly? Almost anyone with any net worth holds their RE though a corporation of some kind. How much RE do you think trump owns in his own name? I sure use a corporate structure and I'm not anywhere close to billionaire. Sounds like the 3% is their homes and vacation homes to me.
2   everything   ignore (1)   2018 May 21, 8:43am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Warren Buffet is American's no. 2 real estate broker, he knows a good racket.
3   Strategist   ignore (2)   2018 May 21, 9:00am   ↑ like (0)   ↓ dislike (0)   quote   flag        

bob2356 says
Patrick says
It's almost all stock instead.


You should read the report instead of the summary Public holdings 42%, private holdings 32%, cash 22%. RE is third largest business but only 3% of wealth. Sounds just a little off some how. How much RE is held through corperations/llc's instead of directly? Almost anyone with any net worth holds their RE though a corporation of some kind. How much RE do you think trump owns in his own name? I sure use a corporate structure and I'm not anywhere close to billionaire. Sounds like the 3% is their homes and vacation homes to me.


Wow, I actually agree with Bob.
Billionaire owns company stock.
Company owns real estate.
Therefore Billionaire owns real estate.

about   best comments   contact   one year ago   suggestions