Beyond Bitcoin: How Rich People Invest Their Money

Wealth management experts determine where and how the world's richest 0.001% invest their wealth. So it's about the richest of the eight billion people living on the face of the Earth. As reported by CNBC.

Kevin Teng, head of WRISE Wealth Management in Singapore, defines this group as “millionaires,” more specifically people with total assets of more than $100 million (about €93 million) each. There are about 28,420 of them worldwide, according to WRISE data. They live primarily in New York City and the Bay Area around San Francisco, Los Angeles, London, and Beijing.

Millionaires are not interested in quick money

Salvatore Buscemi, CEO of Dandrew Partners, explains in the report that these very wealthy people are not interested in making money quickly. It has also given wide space to illiquid investments, that is, forms of investment that attract only a small number of people.

Instead, they looked for ways to preserve their assets, Buscemi said. It is noted, for example, that wealthy people do not invest in cryptocurrencies despite the general trend.

Rich people invest in the best real estate

The expert Buscemi continued: “The portfolio of wealthy people often consists of “very stable properties”. This group of people prefers the best properties that are usually relatively new. Nearly a third of assets are in real estate.

According to the report, many members of this wealthy group use “family offices” to manage their investments. Experts understand this to mean their administrators aim to increase or preserve the owner's family's significant assets. Over the years, the number of family offices has increased worldwide, and in 2024 there were nearly 4,500, according to CNBC.

Americans with a lot of money like to invest their millions in sports teams

The world's wealthy are also emphasizing alternative investments and considering stakes in professional sports teams. However, wealth expert Buscemi emphasized that it takes more than just money to gain access to this exclusive circle. Additionally, owning a sports team is often viewed as a status symbol.

WRISE's Kevin Teng explains that millionaires pay particular attention to fixed income and alternative investments. They can guarantee a regular income.