How do Billionaires spend their cash?

There are 1,426 billionaires in the World from 66 countries:

Their collective net worth is

$5.4 Trillion

That’s more than the combined GDP of 152 countries.


The richest man in the World is Carlos Slim Helu, whose net worth is estimated to be:
$73 Billion
That’s more than the combined GDP of 50 countries.

Here’s how the wealthiest 0.00001% of the World population spend their cash.

Expensive Fungus

Russian billionaire, Vladimir Potanin bought 1.8kg of White Truffle from a New York restaurateur for $95,000.

Giving it all to Charity

Warren Buffett is the fourth richest man in the World, and has pledged to give over $30.7 billion to charity when he passes away, making it the largest charitable donation in history. Last year alone, he gave away $3 billion to charitable causes.

Wild West Towns

Bill Koch is building a ‘wild west’ themed town of 50 buildings to house his collection of Wild West memorabilia. The town is complete with a saloon, stables, and more.

Pacific Islands & Extreme Submarines

Red Bull billionaire, Dietrich Mateschitz, bought the Fijian island Laucala, where he rents rooms out for $3,800 – $35,000 a night. Guests can purchase a 2-hour ride in his personal extreme submarine (worth $1.7m) for $1,700.

$300,000 Pigeons

In 2012, Chinese billionaire, Hu Zhen Yu, spent $328,826 on a Dutch racing pigeon.

10,000 Year Clocks

In addition to buying The Washington Post for around $275 million, Jeff Bezos, the billionaire behind has spent some of his cash building a 10,000 year clock in a cave in West Texas.

Hitler’s Mercedes

In 2009, an unnamed Russian billionaire purchased Hitler’s dark blue Mercedes 770K for an estimated £5 million.

Wild West Towns

Bill Koch is building a ‘wild west’ themed town of 50 buildings to house his collection of Wild West memorabilia. The town is complete with a saloon, stables, and more.

$2.6m Bar Tabs

In July 2010, the New York Post reported that Zhen Low, a Malaysian billionaire had squared off against Winston Fisher, a prominent New York real estate tycoon, to see who could break the world record for ordering the most champagne. Their bar tab exceeded $2.6 million.

Super-sized Yachts

Roman Abromovich’s private yacht is the largest in the World, and costs over $1,000,000 per week to charter. His glamorous New Year’s Eve yacht parties cost an estimated $8m to host.

The advice of billionaires

Despite the occasional ridiculous purchase, almost all of the World’s billionaires are intelligent investors and entrepreneurs who have in some way learned the laws of accumulating wealth and put them into action. Here is some of their advice:“Be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett

“It’s fine to celebrate success, but it is more important to heed the lessons of failure.” – Bill Gates“Formula for success: rise early, work hard, strike oil.” – J Paul Getty“As I grow older, I pay less attention to what men say. I just watch what they do.” – Andrew Carnegie

“If you think you can do a thing or think you can’t do a thing, you’re right.” – Henry Ford

“If you never want to be criticized, for goodness’ sake don’t do anything new.” – Jeff Bezos

“If people are not laughing at your goals, your goals are too small.” – Azim Premji

“You become what you believe. You are where you are today in your life based on everything you have believed.” – Oprah Winfrey

Can you become a Billionaire by trading Binary Options?

From my experience, it is not possible to become a Billionaire by trading Binary Options. You can become a Millionaire, but becoming a Billionaire will become extremely hard. Because most binary brokers only allow you to trade with a maximum of $1,000 – $5,000 per trade.

About the author

I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

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