Hello friends! Several months ago, I shared some information that I got from Altrata (the company that owns Wealth-X) regarding the industries of the super wealthy. Well, I’m back to share some more information from the most recent report published by Altrata, the Billionaire Census 2023. I was interested in all of the information in this most recent report, but I found one of the briefest sections to be particularly interesting.

According to the census, more than 70% of the assets held by billionaires in all ages are public and private holdings. On average, billionaires hold roughly 3% of their assets in the form of real estate and luxury assets. The rest of the figures reveal that most billionaires keep less than a quarter of their assets in cash, increasing from 16% as a younger billionaire to 20%, and maxing out around 25%, as they get older.

So, what does this mean for us? If you plan to build your wealth through real estate, that’s fine, but your asset portfolio will probably look different as you age and your wealth grows. If you want to build wealth, learn about holdings (here is some basic information), and learn how you can start investing in these assets. I believe that patterns are powerful, and watching the trends can give you a great template for recreating the success of others. You may not be able to see the private investment breakdown of a millionaire or billionaire, but that doesn’t mean that you can’t glean some tips from the data that others have collected. Also, never forget that many investments can happen at lower (more affordable) entry points, so you need not be a wealthy heir to begin your abundance journey.

Have you had a chance to check out the most recent Billionaire Census? Please let me know what you found most interesting in this report!