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?

  • user image

    No Name

    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

    Please leave your knowledge and opinion!

    Related Forums

    Missing item

    What is the best way to rent an apartment with a roommate?

    Wrong punching of product in a store

    Shopped online and I've been receiving goods that have been damaged, how do I return these?

    Selling a product for a very high price

    As a foreigner in this country I want to try shopping local goods.