Billionaires like to stay ahead of the game. It’s how they maintain their net worth, manage their public profile, and find new and exciting opportunities for growth.
Many billionaires turn to investments to ensure they stay one step ahead of their competitors and grow their capital. This usually involves pouring millions into the most promising industries and keeping a watchful eye on the trends. So, what do billionaires invest their money in? What commercial and technological movements are they hoping to capitalise on?
In many ways, technology is synonymous with progress. Every day, new advancements are being made to better humanity and save the planet. As such, the tech industry has attracted many powerful investors, like billionaire philanthropist Tej Kohli and Azim Premji, chairman of Wipro. But what tech are these entrepreneurs looking at exactly?
For starters, we have artificial intelligence, one of the leading technologies in the world right now. AI goes beyond robotics and automation. It’s now widely used for computer software and virtual reality, which can simulate the physical environment, as well as advanced bionic limbs that grant users more control and freedom of movement than ever before. Technology opens new doors for people around the globe; it connects us, creates more opportunities, and allows billions of people to improve their lives.
Billionaires have made their fortune by developing social media platforms and buying shares in other companies within this field. Take the example of Kevin Systrom, the former chief executive of Instagram, whose wealth is also tied in with Facebook. Then there’s Evan Spiegel, the founder and creator of Snapchat, who was one of the world’s youngest billionaires for a time. And we can’t forget about the infamous Mark Zuckerberg, who created Facebook and currently stands as the 7th richest person in the entire world. But how have so many made billions off the back of social media?
Firstly, at its beginning, social media was a burgeoning and innovative way to connect the world. Now, it’s so widely used and integrated that it’s become a necessity of everyday life. Furthermore, many other huge companies rely on social media for their business, expanding its applications for industries around the world.
Everything else on this list has a practical application, but let’s not forget that everyone in society likes to enjoy the finer things in life. Billionaires have capitalised on people’s material greed by creating and investing in luxury goods. At least, that’s what Bernard Arnault has done. As the founder of LVMH, a megacorporation which specialises in high-quality products like perfumes and designer fashion, he’s one of the top five richest people in the world. By building a brand like no-one else has done before, Arnault has made billions upon billions.
These are the main things billionaires invest their money in. Better than anyone, they understand the importance of innovation and brand-building in business, helping them to stay one step ahead of the competition.