How Billionaire Think From How You Think
Currently, there are over 3000 billionaires in the world that are known, and there are more that are not known as they love to stay under the radar but unlike most of us, these people have a perspective to life that is completely different from how we think. I was listening to different billionaire speak both known and those who aren't known and I realized that we think differently and approach life differently. In this post, I will write on what I learned from them.
I realized that on their journey to becoming a billionaire, they sold a lot of things including part of their business. I haven't seen a billionaire with 100% of their company, if you have seen one you can share with me because for me I haven't seen. On their journey, they either sold all or part of their business. Billionaires like Jeff Bezos only own about 12.7% of Amazon, Elon Musk 13%of Tesla, and even the current richest man Bernard Arnault of LVMH own just 46% of the company. While this is common with billionaires, it is not the same with Billionaires and this can be attributed to the fact that millionaires like to guard their shares like hawks.
Most billionaires don't make the majority of their money from investments like real estates, it is an investment for millionaires. Billionaires believe in private equity and they stay on this. They invest in business shares, interest, and private equity, make up the bulk of their investment. Talking about business owning and investment, unlike millionaires, billionaires do not use their money to do business rather they use other people's money and this is how they become rich. Salaries can take you to the millionaire status especially if you are doing jobs that pay well but getting to a billion dollars require you to use other people's money including families, friends, angel investors and banks provided they are willing to release the money.
If you are expecting to become a billionaire with stocks or luck, then you are deceiving yourself because it will not get you to the billionaire status. You earn from stocks when you have a lot of money to throw into it and a lot of time but if you are just starting do not expect stocks to make you a billionaire.
In the world of billionaires, they have less than 5% of their net worth liquid because their funds are tied to solid businesses and companies. Billionaires do not have their money a house also if a business person is going to become a new billionaire, trust that he or she isn't going to be the new billionaire in the block because they are going to bring other people who invested in the business from start with them and they will become billionaires as well.
Before you start to think that billionaires sell their shares in their company to raise money for other ventures, the reality is that they just approach a bank with their share certificate which shows that they have their name in the share and the bank gives them the money so they go about doing their business. When they get this money, they use the money to create more income generating ventures. This is what both Elon Musk and Nigeria Aliko Dangote did when they were going to purchase Twitter and Build a Refinery respectively. Also taxes are not paid on debt and they are always looking for opportunities to make money especially during crisis as it is at this point that the money would be made.
Well written. Billionaires think the future and long-term, not just the present. This is why they have long-term goal and plans.
Nice piece buddy.
Exactly.. They do this very well and they are unapologetic about it while millionaires and the average person think differently.