Where do billionaires keep their money?

[mprep]

Some of it in banks, for quick spending, many put most of their cash in precious metals, mostly in gold. Stocks of various companies is also an often used method to distribute the wealth. Maybe some of them invested a couple of ten thousands of dollars in Bitcoin.

[RodeoX]

I don't think a billionaire thinks about money they think about wealth. Money is for poor people, real wealth is real estate, gold, businesses, etc. It's not like a billionaire carries a wallet.  

[gagalady]

Everywhere really, Not in one place for sure, i think they spread It as much as possible, in their companies , private banks , real estate, they invest somewhere. They know where to put them safely trust me..

[yatsey87]

I thought this was going to be a joke based on the the thread title. Dissapointed.

[Lauda]

I guess that they keep it in more places in different ways. Some in banks (Swiss or such), off shore, some in cash, some in gold and so on,

[cp1]

They keep them in many places.  Wasn't it Mitt Romney that forgot to report like 3 million he had in a swiss bank account?  Money in so many places you forget about it, like one would forget they had $20 in their coat pocket.

[Gervais]

I thought this was going to be a joke based on the the thread title. Dissapointed.

Me too lol.

[platorin]

They keep them in many places.  Wasn't it Mitt Romney that forgot to report like 3 million he had in a swiss bank account?  Money in so many places you forget about it, like one would forget they had $20 in their coat pocket.

Wish I had problems like that, lol.

[hilariousandco]

They keep them in many places.  Wasn't it Mitt Romney that forgot to report like 3 million he had in a swiss bank account?  Money in so many places you forget about it, like one would forget they had $20 in their coat pocket.

Wish I had problems like that, lol.

Yeah, not when the IRS comes after you for 'forgetting' to pay all that tax you're evading and throw you in jail. I'm taking Romney didn't get any jail time though given the fact that he's Mitt Romney?

[Sindelar1938]

Corporate accounts

[Swordsoffreedom]

Most of those money is in stocks, capitals and in hard assets. Only a small percentage is in banks and in cash.

True they would not trust them that or in Government Bonds perhaps and using those bonds to sway policy in their favor

[Acidyo]

In a garage like Walter White of course.

[bryant.coleman]

They keep them in many places.  Wasn't it Mitt Romney that forgot to report like 3 million he had in a swiss bank account?  Money in so many places you forget about it, like one would forget they had $20 in their coat pocket.

lol... no one forgets about $3 million USD in hard cash. You may forget $20 on your coat pocket. But there is no way that you are going to forget about the millions you have stashed in a bank account. Also, as per my understanding, the richer a person gets, the greedier he becomes. A perfect example is ..... Mark Karpeles.

[Lauda]

They keep them in many places.  Wasn't it Mitt Romney that forgot to report like 3 million he had in a swiss bank account?  Money in so many places you forget about it, like one would forget they had $20 in their coat pocket.

lol... no one forgets about $3 million USD in hard cash. You may forget $20 on your coat pocket. But there is no way that you are going to forget about the millions you have stashed in a bank account. Also, as per my understanding, the richer a person gets, the greedier he becomes. A perfect example is ..... Mark Karpeles.

Yes this is correct. The more money you have, you want even more = infinite loop.

[spazzdla]

I don't think a billionaire thinks about money they think about wealth. Money is for poor people, real wealth is real estate, gold, businesses, etc. It's not like a billionaire carries a wallet.  

This, paper is paper and will reach it's true value with in 20 years I bet.

[sana8410]

They would have most of their money in investments and assets. You can't quite give an exact net worth since the stock market is constantly changing and land values change over time as well. I'm no expert on this but I'd say that most of their money is tied into non-monetary assets. This would include land, companies, and things like hedge funds or stocks and bonds

[klovishey]

Since 250k is the limit on FDIC insured money in a savings account, where do billionaires keep their savings in a way that's safe?

When keeping money, you actually losing it slowly because of inflation higher than bank interest. So the trick to remain wealthy is having as little money as possible and put all to properties, business, stocks, precious metals and so on.

[oureptsC]

In shady off-shore account on some nice places like Cayman Islands (The ones who don't like paying taxes).
Others just keep it in stocks,larger bank accounts and gold I suppose.

[bryant.coleman]

In shady off-shore account on some nice places like Cayman Islands (The ones who don't like paying taxes).

Somewhere I read that a total of $30 trillion is stashed up in off-shore accounts. That is almost two times the GDP of the US. And the main destinations are Switzerland, UAE, Bermuda, Channel Islands, St Kitts - Nevis and UK Virgin Islands, in addition to the Cayman Islands.

[counter]

I'm gonna say they keep their money invested in bought off politicians.  Off shore banks, swiss banks anywhere that can be considered a tax haven I guess.