Quick Answer: Where Do Rich People Keep Their Money?

Where does billionaires keep their money?

Billionaires do not keep their money in one place.

They have diversified portfolios, owning stocks, bonds, businesses, real estate, etc.

They definitely don’t have a savings account sitting around with $1B in it.

What banks do rich people use?

These ten checking accounts are designed with the wealthy in mind and are intended for banking clients who desire convenient access to cash with premium benefits.

  • Bank of America Private Bank.
  • Citigold Private Client.
  • Union Bank Private Advantage Checking Account.
  • HSBC Premier Checking.
  • Morgan Stanley Active Assets Account.

How do millionaires keep their money?

The bigger issue is that most millionaires don’t have all their money siting in the bank. They invest in stocks, bonds, government bonds, international funds, and their own companies. Most of these carry risk, but they are diversified. They also can afford advisers to help them manage and protect their assets.

What do rich people do with their money?

Rich men that made their money through music entertainment, gambling, movie, sports, and anything entertainment tend to spend their money mostly on: cars. women. alcohol.