It's a thousand Million or 10 to the power of 9
(Me talking to a former UK Billionaire)
There are so many millionaires in the world right now that there are 357,000 in London alone. So in order to stand out financially today, do you have to do something different?
Well guess what? The Billionaires did exactly the same as the millionaires, they just did more of it.
So what exactly is "it"?
According to Forbes Magazine they got that way (immensely rich) by doing a few specific things.
They did what they loved and made astonishing sums of money. And had some luck on their side.
Ten Percent (10%) of the richest people got rich by building property empires.
With a total of 220 billionaires, the Property (real estate) industry was the third largest source of wealth this year.
China was home to the most property owner Billionaires with 60. Followed by the United States, with 44.
Among those was President Donald Trump, with an estimated net worth of $3.1 billion.
But there was another Donald who was five times richer: Donald Bren, the richest real estate developer in the U.S., with an estimated net worth of $16.3 billion.
The rest simply followed the Wealth Formula.
W = V + FE x L
Simple when you know how.
More on the wealth formula in the next blog post
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