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If you earned $1 per second, then to make 1 million dollars would take you about 11 and a half days. But to make 1 billion dollars, would take you over 31 and a half years. You see, it’s easy to think of wealth in terms of rich or poor, but broadly speaking, there are arguably 5 different levels of rich, and at each level, things change very drastically. The difference between what a millionaire can do, and a billionaire can do, is simply staggering.

In this video we’ll be exploring what life is like at each of these different wealth levels, and delving into how the ultra-rich spend their money, including some of their most bizarre and extravagant purchases. But, as you’re watching, you’ll realise that one of the biggest changes that happens at each wealth level, is perspective. Because prices feel relative to how much you earn. So if you compare someone whose earning $40,000 a year with someone earning 400 million a year, it’s 10,000 times more. Which means:

A lambo that costs $300,000, to them is the equivalent of spending $30. A $10 million piece of art? Feels like $1,000. So whilst to us those purchases would feel so major, to a billionaire, it’s not even something they need to think about. And of course, when you’re that wealthy, it’s not just items and experiences you can buy. But we’ll get to that... Let’s instead start off, with the first level of rich:

The Top 1%
Even though this phrase is synonymous with being extremely rich, if your income is over about $200,000 a year, you would technically be part of the top 1% of worldwide earners. And so being in the top 1% may not make you feel quite as rich as you think. Which is why beyond this level, wealth starts being measured in net worth rather than income, as the more wealth you have, the more assets you have, and you’re probably not making your money from a salary.

So the next level of rich is a Net Worth of $10 Million - $30 Million
This levels of wealth video will look at ALL the other levels of wealth, including the difference between millionaires and billionaires. We'll also look at some of the craziest things rich people buy - including some of the most expensive items ever and rarest purchases the ultra-rich make. We'll also be visualising wealth in different ways, looking at wealth inequality, and understand how billionaires buy a lot more than just expensive items and experiences.

This post was inspired by reddit poster a1988eli (and then matched with my own research & analysis) who had spent a lot of time with several ultra-rich people, and therefore had great insights about the levels of wealth. His original comment was on the reddit post 'What do insanely wealthy people buy, that ordinary people know nothing about?'

This levels of wealth video was produced within the the parameters of the fair use doctrine. Please contact support@magnatesmedia.com if you have any questions about the contents of this video.

Video created by: John Frazer and Hahoany Assad
With inspiration & thanks to: a1988eli

Clip from James Jani's channel that visualises wealth:
The Untold Truth About Money: How to Build Wealth From Nothing.
https://www.youtube.com/watch?v=6mRbDEtDoyA
By James Jani

I hope you enjoy this video looking inside the lives of the ultra-rich, and what you can buy with a billion dollars.

MagnatesMedia is producing lots more documentaries on business, wealth, finance, success, influence and lots fascinating topics. Visit our channel page to see our free library of documentaries. Subscribe and turn on notifications for more soon! 🔔

⁣Is Facebook really what it says it is and Is Zuckerberg really a self made billionaire? Or is he simply an IntelQ asset, ie DARPA created lifelog and from public outrage planned to track citizen's movements, were ordered to shut it down in Feb 2004. Guess which month just 30 mins away did Facebook launch? Was it an intelligence agency project from Day 1, and Zuckerberg a front man contrôlled and owned by the deep state? The answer is yes in case you wanted to know. Dump Facist book, sorry I mean Fakebook and join censor free social media today www.truthbook.social

⁣https://www.australiannational....review.com/global-is

Jordan Peterson is a clinical psychologist and tenured professor of psychology at the University of Toronto.

https://www.youtube.com/channe....l/UCL_f53ZEJxp8TtlOk

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Speaking at the WSJ CEO Council, Bill Gates commented on Elon Musk's plan to purchase Twitter and how he could make misinformation online worse. Photo: Simon Williams for WSJ

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Elon Musk talks about Tesla Stocks & Shares #shorts

Elon Musks 18 Year Old Daughter Wants Nothing To Do With Him
One of Elon Musk’s children has filed legal documents in an effort to change her name, saying she no longer wants to be related to the billionaire “in any way”.

Mr Musk’s transgender daughter, who was named Xavier Alexander Musk at birth, turned 18 in April and wants to change her name to Vivian Jenna Wilson, TMZ reports.

Wilson is the surname of Vivian’s mother and Mr Musk’s ex-wife Justine, who was married to him from 2000 to 2008.

The change is partly, but not entirely, to conform to her gender identity. The legal documents, filed with the Superior Court of California in Los Angeles County, include a section requiring her to give a “reason for name change”.

“Gender identity and the fact that I no longer live with or wish to be related to my biological father in any way, shape or form,” she explains.

A hearing on Vivian’s request is scheduled to take place on Friday.

Neither Vivian nor her father have spoken publicly about their relationship. Mr Musk has previously said that he “absolutely” supports trans people “but all these pronouns are an aesthetic nightmare”.

That statement came after he shared a meme mocking people for putting their pronouns in their social media profiles, sparking accusations of transphobia.

Mr Musk married Vivian’s mother, a Canadian author, in January of 2000. They had a son, Nevada, in 2002, who tragically died at ten weeks old from Sudden Infant Death Syndrome. The couple subsequently had twins – Vivian and her brother Griffin – and triplets named Kai, Saxon and Damian, who are now 16.

Mr Musk and Ms Wilson share custody of the five children. He also has two children with the singer Grimes, with whom he had a relationship from 2018 until recently.

The Tesla and SpaceX boss has yet to comment on his daughter’s case. As US media reported on it today, he was musing about cheese on Twitter.

Elon Musk And Tesla Toyota Partnership

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There might not be any better news for auto enthusiasts than the partnership between the two automotive giants. In this video, I will share with you what #ElonMusk has just revealed about #Tesla new partnership with #Toyota. So, make sure to stay tuned to this video. Welcome to Elon Musk Rewind! Don’t forget to subscribe to our channel, like this video, and hit the notification bell icon to get updated with Tesla, SpaceX, Starlink, and everything about Elon Musk.

As part of the new alliance, Toyota brings its vast experience and teams up with Tesla, a leading electric vehicle manufacturer. Despite Toyota's 9 million sales last year, Tesla boasts the highest value of the entire industry. Historically, Toyota has been in the business for decades with automobile production, and just recently announced that it would develop electric vehicles. And they appear to have everything under control. If so, what's the basis of their partnership with Tesla? Stay tuned until the end to learn more.


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⁣Ibrahim Traore Exposes Western Media: We are Recording Every Lie

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Inside Look at Elon Musk's New Affordable Model 2 Tesla

A fully autonomous driving system without even a steering wheel, a battery, and chassis that is custom-built for the urban environment, all at the same price as a Volkswagen Golf without compromising any of the Tesla’s well-known emphasis on technology, sounds like a car that is too good to be true right?

In today's video we look at Inside Look at Elon Musk's New Affordable Model 2 Tesla...Keep watching to see pricing, specs, features, and updates about the new affordable Model 2 Tesla coming to the market soon

Subscribe for Elon Musk, Tesla, and Spacex news. Inspired by Elon Musk Zone, Future Unity, Elon Musk Live, Tesla Daily, Tesla Fans, The Tesla Space, Tech Future, and Elon Musk Rewind

Inspired by Elon Musk's CHEAPEST Tesla Car SHOCKS The Competition!

Inspired by Elon Musk REVEALS NEW Updates For Tesla Model 2

Inspired by Elon Musk's ALL NEW Cheapest Car FINALLY Hitting The Market 2023

Inspired by Tesla Model 2 2022 UPDATE Announced By Elon Musk!

Inspired by Elon Musk's CHEAPEST Tesla Car SHOCKS The Entire Car Industry!

Also check out: Elon Musk Sends URGENT MESSAGE About WORLD WAR 3! https://youtu.be/rA3IC8g2-ao

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Tesla, Inc. is an American manufacturer of electric cars and trucks, solar roofs and energy storage systems for homes, industry and electricity grids. The company also operates a worldwide network of points of sale to market its vehicles and its own network of charging points.
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Kim Iversen breaks down what an ESG score is.

FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. Musk now has a 9% stake in Twitter and a seat on its corporate board of directors, raising questions about how the billionaire business magnate could reshape the social media platform. He is now Twitter's biggest shareholder and has the ear of top managers. (AP Photo/Susan Walsh, File)
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Fox News contributor Joe Concha joined 'Fox & Friends First' to discuss the Democrats' handling of key issues and Biden's dwindling approval ahead of the 2022 elections. #foxnews

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⁣Trump Posts ‘BOMB IRAN’ Music Video

🎶Told the Ayatollah, gonna put you in a box🎶

FLASHBACK: Arch-Neocon John McCain infamously sang ‘Bomb Iran’ at a 2007 campaign rally.

Source: https://t.me/rtnews/100556

⁣Tucker Carlson has announced that his exclusive interview with Iranian President Masoud Pezeshkian will be released in the next day or two.

He emphasized that the purpose isn’t to declare what’s true, but to offer Americans a different perspective on the U.S.–Iran dynamic—leaving it to the audience to form their own opinions.

Source: https://t.me/AussieCossack/38124

⁣Most Important Invention According To Elon Musk #shorts

⁣Explore expert dog kibble product development at Food Research Lab. From formulation to testing, we deliver high-quality, nutritious pet food solutions.

⁣2:05 AM: NSW Police move in to dismantle protestors stage in Hyde Park at dawn.

Absolute f*cken DOGS. This is not going to stop protestors. This just expands their scope of creativity and suprise factor.

John Wilson and his crew are at Hyde Park now. This is Sparta!

Source: https://t.me/AussieCossack/40770

⁣Mark Zuckerberg just announced that he is launching translations using Meta AI that allows creators to communicate with every single follower and remove language barriers.

Considering those at the top of the AI food chain are occultists and Satanists, one can surmise this is the equivalent of the AI Tower of Babel.

Source: https://t.me/zeeemedia/22192

#shorts
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