How do the super-rich handle their finances?

Do the super-rich keep personal bank accounts? Do they can't imagine him going down to the local Chase Bank to withdraw 50 bucks to pay the cleaner, so what happens instead?

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    Super-Rich people have numerous ways to manage their wealth. They invest in Vanguard index funds, concentrated stock positions, real estate including primary residence, alternative investments, venture capital, angel investments etc. They most likely put bill paying on automation with credit cards and household payroll services and also consolidated all the activities to two bank accounts. They equally spend a lot of time understanding income taxes and are tax savvy. They also participate in philanthropy.

    2019.08.01 18:0

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