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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! 🔔
If you want to visit the largest desert in the world, it will bring you to Africa, as you can
see on this world map. Come up north, and you will see the massive Sahara Desert. It
covers more than 9 million square km, stretching from the Red Sea in the West and the
Mediterranean in the North to the Atlantic Ocean in the West, including 10 countries,
Algeria, Chad, Egypt, Libya, Mali, Mauritania, Morocco, Niger, Sudan, and Tunisia.
However, under the sterile sand are many secrets, which scientists are still discovering
as their tools get better, and some of them are terrifying and change everything, as we
will show you in this video! So stay tuned
Disclaimer
• Our channel is not associated with Elon Musk in ANY way and is purely made for entertainment purposes, based on facts, rumors and fiction. Enjoy Watching
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It's Big War! Elon Musk Just Denounced Klaus Schwab WEF founder, Warning Tesla!
https://www.srf.ch/
https://www.youtube.com/c/DeptofDefense
https://www.youtube.com/worldeconomicforum
https://www.youtube.com/c/OxfamGB
https://www.youtube.com/c/TheHinduOfficial
https://www.youtube.com/c/JoeBiden
https://www.youtube.com/c/fraunhofer
https://www.youtube.com/c/CNBC
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Elon Musk Just Denounced Klaus Schwab, And WEF BIG Difficult for Tesla!
Elon Musk and Klaus Schwab have always been hailed as birds of the same flock. However, the Tesla CEO recently turned against Klaus Schwab with the statement: "Stopping the Great Reset."
So, what happened? and why is Elon Musk against Klaus Schwab?
Before we start the video, let's support and subscribe to our channel, and ring the bell icon, so you don't miss any of our exciting videos in the future.
Klaus Schwab said: Now is the time for a 'Great Reset .'However, Elon Musk warned: "Finding the truth now can save us all from the Great Reset."
The World Economic Forum has also been the subject of unfounded conspiracy theories, trying to address head-on.
Referencing WEF's previous theme, "The Great Reset," hundreds of thousands of posts have circulated on social media in recent years, many appearing to claim that the global elite was planning to use the coronavirus to bring about total economic collapse.
Our constitutional rights of free speech, freedom of assembly, and freedom of movement have been stolen through the contrived mandates. Our great United States of America has been turned into a Fascist Dictatorship. Our free press has been turned into a China-style propaganda mill.
Protestors, activists, and people on the frontlines of inequality have sought to challenge the WEF over its "empty rhetoric," accusing Davos of representing "a symbol of a failed era" that should be left behind.
A report published by global charity Oxfam found that 573 people became new billionaires during the coronavirus pandemic at one every 30 hours. The brief, entitled "Profiting from Pain," expects that 263 million additional people will fall into extreme poverty this year at 1 million people every 33 hours.
“Billionaires are arriving in Davos to celebrate an incredible surge in their fortunes. The pandemic and now the steep increases in food and energy prices have, simply put, been a bonanza for them,” said Gabriela Bucher, executive director of Oxfam International.
It's Big War! Elon Musk Just Denounced Klaus Schwab WEF founder, Warning Tesla!
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#ElonMusk #MuskElon #Musk #Elon #Tesla #SpaceX #Neuralink #Technology #Cars #Space #SpaceTravel #TheBoringCompany #OpenAI #SolarCity #WatchEMZ #TechSpace #FutureUnity #ElonMuskZone MB015Z3X99CTZTQ
Elon Musk SUCCESSFULLY Found A New Battery That Will Last A 100 Years!
Battery issues have been a major barrier to the widespread adoption of electric vehicles, owing to the limited mileage range and the mining of rare earth minerals. A Tesla research team, on the other hand, is working on a battery design that could last a record-breaking 100 years. Could this be real? Let’s find out!
Hello everyone! Welcome back to Elon Musk Evolution, where we bring you the most recent news about Elon Musk and his multibillion-dollar companies.
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Tesla confirmed that nearly half of all vehicles manufactured in the previous quarter used cobalt-free iron-phosphate (LFP) batteries.
The information also provides an intriguing glimpse into Tesla's model mix, which is generally quite opaque.
Elon Musk, Tesla's CEO, has stated numerous times in recent years that the company intends to transition more electric vehicles to LFP batteries in order to address nickel and cobalt supply concerns.
Iron phosphate (LFP) batteries, which do not contain nickel or cobalt, are traditionally less expensive and safer, but they have a lower energy density, making electric vehicles less efficient and have a shorter range.
However, they have recently improved to the point where using cobalt-free batteries in lower-end and shorter-range vehicles make sense.
It also frees up the production of battery cells with other, more energy-dense chemistries, allowing for the production of more long-range vehicles.
Tesla has already switched to LFP cells in its Standard Range Model 3 and Model Y models manufactured in China.
Tesla also announced last year that it is "globally shifting to Lithium Iron Phosphate (LFP) battery chemistry" for "standard range vehicles."
It confirmed that Tesla intended to switch the Model 3 Standard Range, also known as the Model 3 Rear-Wheel-Drive, produced in Fremont to LFP cells as well.
Tesla confirmed that nearly half of all vehicles produced now use LFP batteries with the release of its Q1 2022 financial results:
“Diversification of battery chemistries is critical for long-term capacity growth, to better optimize our products for their various use cases and expand our supplier base.
This is why nearly half of Tesla vehicles produced in Q1 were equipped with a lithium iron phosphate (LFP) battery, containing no nickel or cobalt. Currently, LFP batteries are used in most of our standard range vehicle products, as well as commercial energy storage applications. As a result of our energy efficient motors, a Model 3 with an LFP battery pack can still achieve a 267-mile EPA range.
This means that the Model 3 Rear-Wheel-Drive, the cheapest Tesla vehicle, and the Model Y Standard Range, which is only available in China, account for roughly half of Tesla's volume.
Drew Baglino, Tesla's SVP of engineering, was asked how quickly Tesla can switch to LFP chemistry:
“I’ll take the LFP question. Like it says so in our letter, but half of our products were LFP last quarter, which shows how quickly we were able to respond. But honestly, it wasn’t because of a raw material shortage. It just seemed like the right thing to do. We could change our cathode chemistry.
And there’s more to be done on the cathode side and we are actively pursuing it to give us substitution flexibility in response to market conditions between the other cathodes that are out there that can be competitive in our vehicle. There are many options.”
#Tesla #Leaked #Talks #Success #Goals #Inspire
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Elon Musk is not one to shy away from the limelight, and as such, he’s found himself involved in a fair share of controversies! Stay tuned to find out all about scandals that include Elon Musk, Gwynne Shotwell, and some other former SpaceX employees. Subscribe to Futurity for more Elon Musk news.
#spacex #elonmusk #musk
What’s it like working hand in hand with Elon Musk? Is he an intelligent boss? Or is he just another vocal CEO who rides on the coattails of other people’s hard work? Well, I’m sure these are some of the questions you’ve asked yourself more than once, right? I mean think about it; it must be something working for the wealthiest man alive! Of course, Elon Musk is not one to shy away from the limelight, and as such, he’s found himself involved in a fair share of controversies!
But we’re here to answer one of the most puzzling questions of our time. Is Elon Musk really an engineering genius, or just some lucky shmuck who got rich during the dot com boom?
Here at Futurity, we scour the globe for all the latest tech releases, news and info just so you don't have to! Covering everything from cryptocurrency to robotics, small startups to multinational corporations like Tesla and Jeff Bezos to Elon Musk and everything in between!
In this inspirational and eye-opening video, Elon Musk explains what it takes to be successful in business and life. He talks about the early setbacks and failures when he started Tesla, PayPal, and SpaceX. Musk says when you are starting your own company, you will face so many obstacles but you have to keep going and face all odds. Musk also reveals his grand plan for the future which is for humanity to be out there among the stars and become a multi-planetary species. We hope you enjoy this video!
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Vator - https://youtu.be/GtaxU6DZvLs
World Government Summit - https://youtu.be/rCoFKUJ_8Yo
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Invest Hong Kong - https://youtu.be/pIRqB5iqWA8
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What If Elon Musk Made A Cyber School?
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Welcome to Elon Musk Rewind! #ElonMusk reveals insane new plans for his cyber school. What is this all about? Stay tuned in this video to learn more. Also, 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 the billionaire Elon.
Are you aware that Elon Musk #CyberSchool recently criticized the current educational system? It is because he believes that learning should also be as interesting and enjoyable as browsing the Internet. Moreover, he stated that "if kids can get very involved in video games, there must be a way for them to get very involved in education too”. According to the bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, following our current educational system, “If you want to be an employee, go to school. If you want to be rich, you don't need school”. Maybe it is his plans for a cyber school because he is fed up with the traditional school system. Also, let’s find out about how this would differ from it. So, do you think it could produce the next Elon Musk?
📺 Watch the entire video for more information!
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Elon Musk's transgender daughter has filed a request to change her name in accordance with her new gender identity. She also said that she doesn’t want to be associated with her billionaire father anymore.
#ElonMusk #ElonMuskTransDaughter #XavierAlexanderMusk
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'Jesse Watters Primetime' host questions John Kerry's business dealings and says taxpayers foot bill for Biden climate czar's joyrides in Wednesday's opening monologue.
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Elon Musk And Grimes SPLIT After 3 Years... Here's The REAL Reason Why!
Welcome back to Charli Chats. After three years of being together, billionaire Elon Musk and Grimes broke up. But what is intriguing about this is that Musk labeled it as “semi-separated”. On this channel right now, we go deeper into the details regarding The TRUE REASON why Musk and Grimes SPLIT UP.. here's what you need to know.
Perhaps the label “semi-separated” means they are still co-parenting their 1 year old son. And perhaps, there is a chance they will get back to being a couple. Well, in today’s video, we take a look at The TRUE REASON why Musk and Grimes SPLIT UP.. here's what you need to know.
#ElonMusk #Grimes #MuskAndGrimesSeparation
What We Know About Elon Musk And Grimes' Tense Breakup
https://www.youtube.com/watch?v=siKMuYFf_iY
Elon Musk and Grimes Split After 3 Years: "We Are Semi-Separated but Still Love Each Other" | PEOPLE
https://www.youtube.com/watch?v=bkVTO5lIZnk
Grimes “Elon Musks Ex” is Spotted Sitting on the Street for the first time since their split
https://www.youtube.com/watch?v=1xXxu2Zbq2s
Elon Musk FINAL WARNING About Senator Elizabeth Warren's CORRUPTION!
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CEO of TESLA #ElonMusk and Senator #ElizabethWarren have initiated a twitter war. World’s richest person Elon Musk was called a freeloader because he had not paid any tax in recent years by Massachusetts Senator. Elon Musk also called Elizabeth Warren “Senator Karen” and also a number of personal attacks on #twitter. Furthermore, Elon Musk claimed that his income tax bill is going to be the largest in US history. What stand Elon has taken against Senator Warren? He just gave a final warning! Over corruption, Elon blamed! Moreover, what was the response of the Senator?
The Senator wants to tax Elon, which will need Elon to pay 7 billion dollars in tax every year!
📺 Watch the entire video for more information!
#elonmusk #tesla #spacex
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The world's richest man and Tesla CEO Elon Musk is once again in the news. This time the reason is his transgender daughter. It is reported that Elon Musk's daughter has filed a petition to change her name. In this petition, Elon Musk's daughter has said that - 'She no longer lives with her biological father and she does not want to have a relationship with her father in any way.
दुनिया के सबसे अमीर शख्स और टेस्ला के CEO Elon Musk एक बार फिर चर्चा में हैं। इस बार वजह उनकी ट्रांसजेंडर बेटी है। खबर है कि, एलन मस्क की बेटी (Xavier Alexander Musk) ने अपना नाम बदलने के लिए एक याचिका दायर की है। अपनी इस याचिका में एलन मस्क की बेटी ने कहा है कि - 'वो अब अपने बायलोजिकल पिता के साथ नहीं रहती और वो अपने पिता के साथ किसी भी तरह से संबंध जुड़ा नहीं रखना चाहती।
#ElonMusk #ElonMuskDaughter #XavierAlexanderMusk
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Tosca Musk, CEO of Passionflix, is a trailblazer, much like her brothers Elon Musk and Kimbal Musk. While Elon has taken to the skies, and Kimbal has made his fortune in the restaurant industry, Tosca is a critically acclaimed director, producer and current CEO of the "Netflix for romance movies and women", Passionflix.
Tosca is an accomplished film professional and has been utterly successful as she's ventured out on her in in the film industry despite her family's protestations.
Join us as we take a look at the trailblazing life of Tosca Musk.
Don't forget to subscribe to our channel, leave a comment and hit the like button if you like this video. Thanks for watching!
#toscamusk #elonmuskfamily #elonmusksister #passionflix #elonmusk #mayemusk #errolmusk #kimbalmusk #mothersday #elonmusk
In the era of New Space, billionaire Elon Musk is blazing the trail. He’s building a gigantic starship to fly humans further than ever before.
In the tiny Texan hamlet of Boca Chica, a huge rocket is being built and tested. It’s Elon Musk’s Starship, a 120-metre-high spacecraft whose mission is to transport humans to the moon and beyond, to Mars.
Musk and his company SpaceX are at the forefront of what’s being called ‘New Space’, the rush to commercialise the space sector.
His ambition is extraordinary; he wants to colonise the Red Planet.
“It’s helpful to have the objective of a self-sustaining city on Mars. This has to be the objective”, says Musk.
In his quest to perfect the Starship, Musk has been blowing up prototypes.
“He doesn't really care if it's messy, he doesn’t really care if it appears to be chaotic, he's trying to go forward into the future as fast as possible”, says space writer Eric Berger.
But the mighty rocket has its critics, including a former head of NASA, Charlie Bolden.
“The difficulty for me as a huge fan of SpaceX, but a huge sceptic about Starship is the fact that it's so big, it's so massive”, says Bolden. “If Neil Armstrong were alive today to talk to them, he would probably say, "That is the dumbest thing I've ever heard.”
US correspondent Sarah Ferguson heads to Texas to see Musk’s space base up close. She joins a band of devotees in Boca Chica, from Gene the local surfer to MaryLiz and Ryan who are dedicating their lives to documenting the billionaire’s space odyssey.
She speaks to members of the ‘space establishment’ – former and current NASA executives who’ve decided to accept and work with the great disruptor. NASA recently awarded Musk a multi-billion-dollar contract to build its next moon lander.
“I think actually this will be a perfect example of ‘New Space’ and ‘Old Space’ meeting together in a great new mission”, says Kathy Lueders, head of the NASA mission to send humans back to the moon.
Sarah travels to Florida’s space coast to witness the launch of SpaceX’s Inspiration4, the first time civilians have flown into orbit.
Musk is a polarising figure, but he’s changed forever how humans view space.
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Elon Musk's Legendary Words About FREE SPEECH! #shorts
It is no news that one million people will be establishing a new civilization of
mankind on Mars in a couple of years, decades to be precise. Even though
we are still a long way from making sure, with Elon Musk and NASA at the
forefront, slowly but surely, we are getting there.
Although things appear to be going smoothly, a recent discovery on Mars by
Elon Musk and NASA is set to change everything!
Did they discover the existence of Alien life on Mars? Does this discovery
affect our habitation of Mars?
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The engineer-magnate is a co-founder of electric-car maker Tesla Motors. Elon Musk will now take your questions.
Resent Elon Musk News