the difference in lifestyle between a millionaire and a billionaire is absolutely staggering and in
the research phase of making this video and reading a particular reddit post back in 2014
honestly it blew my mind how different the lifestyle is
of someone worth 100 million dollars compared to the lifestyle of someone worth
one billion dollars and i thought that once you hit about 100 million dollars in liquid assets
you have so much money that it would be extremely possible to spend it all in a lifetime so you can
pretty much do what you want but surprisingly that couldn't be further from the truth so
there are different levels of ultra wealth that i'm going to go through in this video and each
level of wealth affords you a certain level of lifestyle so there are five levels those with a
net worth of 15 million to 40 million those with a net worth of 40 million to 100 million those that
are worth 100 million to 1 billion and the fourth level of people worth 1 billion to 10 billion
and the fifth and highest level of those worth over 10 billion dollars and that's the group
that live a head of state lifestyle they can live like a president they can literally buy
anything they want but let's start off with the first group of ultra wealthy individuals first
net worth 15 million to 40 million realistically this is the first step on the journey to ultra
wealth status and this is interesting because at this level your money can still run out so
you still have to be somewhat careful you could live a pretty decent lifestyle without having to
work another day in your life providing you use your money wisely however it doesn't afford you
a lifestyle where you can buy whatever you want you still have to be somewhat careful because 15
million to 40 million can relatively quickly run out if you're buying multi-million dollar yachts
and mansions but realistically you can afford to stay in five-star hotels without having to think
about it you can even book the presidential suite for three thousand dollars a night on special
occasions you can fly first class internationally you can have a nice house you're at a level where
things that normal people consider luxury items like rolex watches are no longer luxury items
they're just normal watches and every man in his dog in your friendship circle have them some of
the people in your friendship circle are even wearing one hundred thousand dollar protective
leaps but you're not at that level yet where you're rubbing shoulders with celebrities and
taking calls with the president but you're well on your way net worth 40 million to 100 million
this is where your life really starts to change you see in every major city in developed countries
you'll find people with a net worth of 15 million to 40 million they're not super rare although you
probably won't know that they're worth that much those with a net worth of 40 million to
100 million however now this is another level of wealth at this level you can fly private you
have multiple apartments that are houses all over the world you're rubbing shoulders with
congressmen with senators with community leaders and people know who you are you have a couple of
personal assistants but you aren't yet a level where you have your own entourage following
you around that's for the next level of ultra wealthy net worth 100 million to 1 billion dollars
when you're worth 100 million to 1 billion dollars you have your own private jet you have multiple
mansions dotted around the world each with their own staff and luxury cars at each residency
at this level you're really getting to a level where you can buy almost anything you want
money is power and people know that so you can socialize with a-list celebrities politicians
almost anyone almost anyone you probably won't be invited to every party but you'll
be invited to most and at this level you have a team of people around you every day your
time is worth so much that you can't even fathom doing the mundane jobs like cooking
washing clothes or cleaning it's probably been years since you've done anything like that one
of your multi-millionaire friends has a 50 million dollar mansion in silicon valley but that's not so
impressive to you if he owns a private island that's starting to be cool and then there's the
women power and money are aphrodisiacs and so the women come in the bucket load and that's
both a blessing and a curse people that truly love you for who you are become fewer and fewer
finding a partner that genuinely loves you becomes a lot harder friends and family too they still
exist but it becomes increasingly difficult to know which ones would stay if you lost everything
net worth 1 billion to 10 billion dollars at this level you can buy anything literally anything
people listen to you they want to interview you you can influence millions of people at a time in
just one interview you can have a private dinner with a government minister or secretary of state
and influence the decision decision-making to some extent the influence you have on the
people at the very top running the country really can be incredibly powerful because
in many cases you're a significant donor and have donated hundreds of thousands to get them
where they are but your time is so precious you literally never have to wait for anything
if you need to board a plane you have your own private jet you show up at the airport you sit
down the doors close and you take off within 10 minutes it's why even warren buffett known
for his extremely frugal lifestyle despite being worth over 100 billion dollars buys his cars from
a second-hand dealership but he still bought a private jet because at this level his time
is worth so much that he just can't afford to be waiting for two hours at airport security
your time is so valuable that everyone is your employee when you go to a restaurant a personal
assistant calls in advance to book you a table your driver drops you off at the front door
the celebrity chef has prepared a meal for you because just having you at his restaurant gives
him incredible publicity therefore he personally ensures the service is impeccable and when i
say this level of money can buy you anything you want i really mean it maybe you want taylor swift
to play at your daughter's birthday party it'll cost you 1 million dollars for a performance or
800 million dollars to her charity or if you love politics have barack obama speak at dinner for you
for four hundred thousand dollars whoever you idolize you have enough money to bring them to
you net worth 10 billion plus dollars the highest level is 10 billion plus but honestly this level
is very similar to the 1 billion to 10 billion level but with just that little bit extra when
you're worth over 10 billion dollars everyone knows who you are not only can you have private
dinners with a-list celebrities but you can now grab the attention of head of states you're never
going to run out of money even if you tried your hardest to spend all your money before you died
it would be incredibly difficult too just to put this level of ultra wealth into perspective
let's say you earn one billion dollars a year and let's compare it to the 2020 median
u.s income of 62 000 so the average person would have to work for around 16 000 years
to earn what you a billionaire would earn in one year so you're earning a billion a year and
you want to buy a ferrari that's 250 000 it's the equivalent of an average person paying 15.62 cents
a first-class international ticket goes from costing fifteen thousand dollars to just 93
cents you want to stay in the presidential suite of a five-star hotel for a month that goes from
115 000 to just 9.37 a 50 million dollar luxury mansion that's now a little over three thousand
dollars it's gone from 50 million dollars to just three thousand dollars but having this level of
wealth comes with its own challenges having that amount of money your money can literally change
the world and change lives it's almost too much of a burden to think about for pocket change you can
clean water for a whole village or save thousands of dying children from disease born illnesses your
wealth could literally save hundreds of thousands of people but as for love it's nearly impossible
to have a normal emotional relationship at this level it's extremely difficult to sacrifice
for another person when you have never asked to sacrifice anything you're used to throwing
money at the problem and the problem going away your time is so valuable that normally you throw
money at it so your time isn't being used but with love you can't do that and that's what can make
you lose connections with people when you start to ration the one thing you have the same as
everyone else you're 24 hours i'm currently experimenting with the types of video that i
make on this channel so if you like these finance related videos let me know in the comments and
give the video a like it helps me gauge how many people like it and i'll see you in the next video