Please do a deep dive into fine art as an asset class and the company, Masterworks, that is advertising this "investment opportunity" all across TH-cam.
You also forgot to mention how some rich people use derivatives to hide their holdings. For example you could use swaps to hold equity in a company, but it would come under an investment banks books. That's what the Korean billionaire who went bankrupt did. He used total return swaps and no one really knew what were his holdings until it imploded.
Is it really common on large scale though? The fact that his blew up without banks knowing the risk they got themselves in makes me believe that it's not
@@tomlxyz total return swaps are only only one type of derivative. There's other types of derivstives like credit default swaps, there's warrants one can own. You just never really know.
I think I heard somewhere that it costs $300k/year to be excluded from the Forbes billionaire list. Although, that was more than 5 years ago, so probably much higher now. Most of these lists are also wildly inaccurate since they can't see old money in offshore funds and don't take non-direct ownership (e.g. dictators) into account.
you don't pay to be excluded.... its included.... to be excluded you just keep as much as private as possible and DO NOT GIVE THEM INFORMATION. then threaten to sue...
Who are the "real richest people in the world" lol. People always bring this up like it's the illuminati or whatever. We know what the most valuable companies in the world are, and they're all public (apart from Aramco which is mostly private). Beyond heads of states (like MBS) who could reasonably be conceived as richer, it's likely Jeff Bezos really is the richest man in the world.
@@southcoastinventors6583 Tbf very few trading firms are aiming for this, sometimes it's more about flattening fluctuation then out performing the market. Most people want to protect their wealth while gaining in the market
@@jamesblackburn6139 I say this because of the video he did on investment, it easy to just pick a nasdaq or sp&500 fund/etf and just sit or add to it as money comes in. Seem the best advice is to be lazy, or spend every waking minute trying to read the tea leaves.
@@southcoastinventors6583 easy, yes, I'd argue not the best investment for most. If you are aiming for the best long term returns, over the long term, 100% the best. Most people aren't in the position unfortunately, so need a more defensive fund to protect there funds, as they are unsure on when they will need to use them
@reality well actually if you pick a single fund that aims to outperform the market, the market wins on average, but if you select 5 funds that aim to outperform the market, you will beat the market on average, after fees, due to one of the 5 having such large returns. (That was over a 10 year period) Which is the very point I'm making, funds that aim to beat the market have extremely large swings, because they are high risk. It's not as clear cut as index fund is better, it's that they perform different roles.
Your stock value is such a dishonest measurement of your actual "net worth". Many of those billionaires, if you they actually tried to withdraw all their stock, it would crash so hard that it would be the same amount as it was originally worth. So if Elon Musk said he is taking all his stock into cash, it'll crash the stock value and he'd have a fraction of what it is now. So it's unfair to say he's worth [enter stock value]. Bill Gates, for example, is WAY richer than Musk. Because he's actually got those billions in hand!
Agreed, which is one reason why it's so comical to hear the people who advocate for a one-time, massive wealth tax say they can get $X of revenue by forcing the ultra rich to pay a huge tax. The massive dumping of assets (stocks, bonds, real estate, etc) onto the market would cause the value of those things to plummet.
Not quite. Rich people have ways of dealing with that and some are taking on debt with the shares as securities or direct selling instead of selling on open market. Neither will affect the public stock price.
Asking people their net worth (when they don't want to provide true answers) reminds me of Murder by Death. The investigator's assistant provides him with tons of wild details about the guy they're visiting. He asks how she dug up all this stuff, and she says "Oh well I called and asked him". "Good idea, sweetheart!" It's such a dumb, fun movie. Now cue the hundred spambots replying to this post. Everybody help me report 'em. :D
I highly advise tracking your net worth. I assess it every December, and have a record of it going years back. It’s easier to increase it if I can see what’s working & what matters.
I don't get why we use stock value for net worth of billionaires. They have so much that they can't actually sell the all without tanking the price. Making their net worth overestimated by a large margin
@@midimusicforever Standard deviation of high/low estimate of net worth based on volatility of the assets owned. If you have 100 Billion in gold, that's way less variation that 100 billion in bitcoin
@@midimusicforever i dont know, its complicated. But we saw perfectly the issue with fElon musk who lost a huge portion of his net worth by selling off a small fraction of his shares taking these net worths at face value is pointless
Finance video = scambot central. But have you heard how you can make four thousand dollars a week from cheap and simple investments? Just call this guy I was trained by!
Bloomberg valued my ex boss and family 4x more than what they are actually worth. Many of the executives in the company laughed our heads off on how screwed up Bloomberg can be.
Ah, I hoped you would also mention that non of these lists include royals or nobility. If they did, and if historical assets could be tracked accurately, there's a good chance that nearly all people on the top 10 would share the same last name.
I read somewhere that most of the wealthiest people in the world are Dutch heirs of old family fortunes, but you don’t see any Dutch heirs on these lists. Would be super helpful if trust funds were required to file a beneficial ownership statement with the SEC for accounts over a certain value.
@@nipungupta6237 Insert local regulatory body in place of the SEC. I’m American and figured the comment made enough sense using the best known financial market regulator without belaboring the point.
When i found out Forbes did the richest mobsters list. I knew then that their "riches lists" were inaccurate. There is no way to measure a mobsters wealth. They don't file taxes for their money generated from crimes or their street earnings lol 😊
Could you do a video on how business prediction reports work? Such stuff is something I have to deal with a lot at my job, and I find them untrustworthy, but I cannot figure out how they actually work
Exonomics Explained in one of his videos talks about "the secret aristocratic billionaires nobody knows" and then doesn't elaborate on it, these people want to avoid the light wherever possible.
I actually do have a pretty good idea of my net-worth. All my physical property exists across a two-room rental apartment (and is crudely tallied for contents-insurance). All my financial property is in threes accounts (savings, term-savings, compulsory superannuation). Add in my unclaimed leave from work. And the total is... .... Quite depressing!
I wonder if a couple of multibilionaires dumping all their shares in the stock market would cause an entire bear market for the rest. Or selling loads of call options.
Good video!!! Very engaging... With the current market situation, the best investment one can make right now is to invest in the Forex market, although stocks are good, but since I switched to Forex, I 've seen so much difference in my finances
Inflation is killing my budget and my salary. I can no longer invest in the financial market and it seems that I will have to sell all my risky assets to keep my head above water. What's the best advice right now?
Investing in risky assets (stocks, crypto, forex, etc.) is easier with professional advice, especially an investment advisor, it really helps reduce the risk of incurring losses
I had this experience during the last downturn and I thought I had lost everything but thanks to Ms. Jennifer Marie Ferguson who is my financial advisor, I recovered all my losses.
I have heard that some people pay to be on Forbes and some pay to be off of it. Also as for my net worth, let us just say I am far wealthier than the average 22 year old.
came from a video similar to this & how there's more billionaires than the list. It's probably better to know how much there's salary is than net worth
Good video: everyone needs more than han their basic salary to be financially secured, the best thing to do with your money is to invest, money left in savings always end up used with no returns,
Do extensive research on anything u want to put your money in, don't fall for these "my life changed thanks to what what..." don't! If you do, you're falling for bait to being scammed! I've never been scammed but i trust my own intuition
Does anybody know which billionaire has the most liquid cash?given how even networth is hard to track im guessing it isnt possible to track the amount of liquid money?but if you were to guess would the list be the same?
Until the day working class people can thrive, the economys dead. We cannot continue to prioritize investors over people who work And no, just because you have a stock portfolio, doesnt make you a capitalist investor who survives off of investment. You most likely have a job and are a working class person in order to survive
Also you’re wrong about Mar-A-Lago. It was a vacation home for the president of the US. It wasnt used much so it was privatized and eventually Trump bought it. It doesn’t need him to be valuable.
@@dhayes907 that valuation wont mean ish. It happens COUNTLESS times that private companies have valuations up to 300% more than its most generous valuation. Take wework for example(extreme example but it gets the point across). So never tryst the valuation of a private company until about 1 year after goin public....ESPETIALLY if its a tech company.
@@bjjkickboxing7876 fair enough. I don't really trust the valuation of publicly traded tech companies either. Or anything that uses mark to market accounting.
![[LIVE] : ONE ลุมพินี 88 | คู่เอก "ป้อมเพชร vs อัสลามจอน"](http://i.ytimg.com/vi/1ZqTVVbMgbo/mqdefault.jpg)
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2:35 am I piecing lore together or what
Please do a deep dive into fine art as an asset class and the company, Masterworks, that is advertising this "investment opportunity" all across TH-cam.
It should be called "list of the richest people who can't hide their wealth"
Maybe list of people who want to promote their wealth.
No should be called tax cheating criminals
@@ethanshelbyskateboarding9980 if the government allows it so why should it be a problem with you or are you just bitter.
You also forgot to mention how some rich people use derivatives to hide their holdings. For example you could use swaps to hold equity in a company, but it would come under an investment banks books. That's what the Korean billionaire who went bankrupt did. He used total return swaps and no one really knew what were his holdings until it imploded.
Who? Bill hwang?
@@Hamzahyn4 yee
@@Hamzahyn4 tiger asia my ass
Is it really common on large scale though? The fact that his blew up without banks knowing the risk they got themselves in makes me believe that it's not
@@tomlxyz total return swaps are only only one type of derivative. There's other types of derivstives like credit default swaps, there's warrants one can own. You just never really know.
I think I heard somewhere that it costs $300k/year to be excluded from the Forbes billionaire list. Although, that was more than 5 years ago, so probably much higher now.
Most of these lists are also wildly inaccurate since they can't see old money in offshore funds and don't take non-direct ownership (e.g. dictators) into account.
Monarch too
Think you mean included.
To be EXcluded? I wonder if that would be worth the investment, at a glance it seems just astounding to imagine it would be.
you don't pay to be excluded.... its included.... to be excluded you just keep as much as private as possible and DO NOT GIVE THEM INFORMATION. then threaten to sue...
"If I ask your personal networth, you probably wouldn't know"
Laughing in university student
I know exactly how much im worth and its not much
You still need to add up the value of your 1 or 2 possessions and subtract your student and credit card debts.
its in the negatives thanks to loans
Well, let's see: I own a laptop, a broken computer and a smart phone. I might as well round down to zero and that's still above average for a student
It's also laughable considering his audience. I know my networth is roughly $1.2 million because I keep close track of all of my investments.
If I was rich, I would keep it secret. No social media, no flexing or showing off!
only idiots show off their waealth,
those tracked by these parasites have to sadly.
Most of the owner-families here like their privacy. They don't think they need to clown around on social media or become well-known public figures.
I myself do everything I can to stay off of that Bloomberg lists!
LOL
Yesirrr
The real richest people in the world don’t even let you know about their true wealth
Who are the "real richest people in the world" lol. People always bring this up like it's the illuminati or whatever. We know what the most valuable companies in the world are, and they're all public (apart from Aramco which is mostly private). Beyond heads of states (like MBS) who could reasonably be conceived as richer, it's likely Jeff Bezos really is the richest man in the world.
Bro we haven’t even searched the entire ocean bro who knows what’s out there bro
That’s you, that’s what you sound like, you schizophrenic lunatic
exactly, the richest people in the world are saudi princes, russian oligarchs, and other royal families who's wealth is tied to an entire nation
So true!
Well… They do, it’s just not one single individual and is usually a nation or family’s wealth.
"You probably wouldn't know" God I wish I didn't know my highly negative net worth lmaooo
Lol okay this is funny
If you work 3 jobs 100 hours a week you might pay off the interest.
guess it's time to re-spec into computer engineering or something
Ended up buying a subscription to Bloomberg Terminal, thanks How Money Works!
Hope you can actual beat the market performance over 10 years, which most trading firms do not.
@@southcoastinventors6583 Tbf very few trading firms are aiming for this, sometimes it's more about flattening fluctuation then out performing the market.
Most people want to protect their wealth while gaining in the market
@@jamesblackburn6139 I say this because of the video he did on investment, it easy to just pick a nasdaq or sp&500 fund/etf and just sit or add to it as money comes in. Seem the best advice is to be lazy, or spend every waking minute trying to read the tea leaves.
@@southcoastinventors6583 easy, yes, I'd argue not the best investment for most.
If you are aiming for the best long term returns, over the long term, 100% the best.
Most people aren't in the position unfortunately, so need a more defensive fund to protect there funds, as they are unsure on when they will need to use them
@reality well actually if you pick a single fund that aims to outperform the market, the market wins on average, but if you select 5 funds that aim to outperform the market, you will beat the market on average, after fees, due to one of the 5 having such large returns. (That was over a 10 year period)
Which is the very point I'm making, funds that aim to beat the market have extremely large swings, because they are high risk.
It's not as clear cut as index fund is better, it's that they perform different roles.
Your stock value is such a dishonest measurement of your actual "net worth".
Many of those billionaires, if you they actually tried to withdraw all their stock, it would crash so hard that it would be the same amount as it was originally worth. So if Elon Musk said he is taking all his stock into cash, it'll crash the stock value and he'd have a fraction of what it is now. So it's unfair to say he's worth [enter stock value].
Bill Gates, for example, is WAY richer than Musk. Because he's actually got those billions in hand!
Agreed, which is one reason why it's so comical to hear the people who advocate for a one-time, massive wealth tax say they can get $X of revenue by forcing the ultra rich to pay a huge tax. The massive dumping of assets (stocks, bonds, real estate, etc) onto the market would cause the value of those things to plummet.
Not quite. Rich people have ways of dealing with that and some are taking on debt with the shares as securities or direct selling instead of selling on open market. Neither will affect the public stock price.
Why do you think that elon musk does all the things in twitter? To sell some stocks at a stupidly high price without crashing the hype in the company.
@@rubencid2575 I wouldn't say it's _false_ hype. Markets are almost purely based on speculation.
True.
video starts at 3:08
Thank you
Thank you ❤
*Not all heroes wear capes* !
A needed comment but also, saddly, a sign of selling out
Really helpful man.
"Unlike a certain actress, Gates has a good reputation of following through on his pledges to charity" 💀💀💀💀
Asking people their net worth (when they don't want to provide true answers) reminds me of Murder by Death. The investigator's assistant provides him with tons of wild details about the guy they're visiting. He asks how she dug up all this stuff, and she says "Oh well I called and asked him". "Good idea, sweetheart!"
It's such a dumb, fun movie.
Now cue the hundred spambots replying to this post. Everybody help me report 'em. :D
Alright.
Gotchu
Reported dem bots buddy
I highly advise tracking your net worth. I assess it every December, and have a record of it going years back. It’s easier to increase it if I can see what’s working & what matters.
My net worth is the value of my organs on the black market.
I don't get why we use stock value for net worth of billionaires.
They have so much that they can't actually sell the all without tanking the price.
Making their net worth overestimated by a large margin
So what would you do then? Stock value is the most accurate data point available.
@@midimusicforever Standard deviation of high/low estimate of net worth based on volatility of the assets owned. If you have 100 Billion in gold, that's way less variation that 100 billion in bitcoin
@@midimusicforever
It should be based on how many children they have and the net worth of every child.
@@midimusicforever i dont know, its complicated.
But we saw perfectly the issue with fElon musk who lost a huge portion of his net worth by selling off a small fraction of his shares
taking these net worths at face value is pointless
@@namenloss730 Elon Musk is actually way undervalued due to his near monopoly of launches when the Starship is fully usable.
Vid just got uploaded and the scammers already in everyone's replies
Finance video = scambot central. But have you heard how you can make four thousand dollars a week from cheap and simple investments? Just call this guy I was trained by!
@@Demmrir😂😂
Bloomberg valued my ex boss and family 4x more than what they are actually worth. Many of the executives in the company laughed our heads off on how screwed up Bloomberg can be.
4x doesn't seem that bad tbh for an outsider.
Ah, I hoped you would also mention that non of these lists include royals or nobility. If they did, and if historical assets could be tracked accurately, there's a good chance that nearly all people on the top 10 would share the same last name.
much of royalty's assets don't actually belong to them. like the queen or king of UK . many of her jewels and properties are owned by the country.
@@ronblack7870in the name too fool peasant
@@ronblack7870The country itself is them.
@@jghifiversveiws8729 not in constitutional monarchies
Dogs, Donuts, and Dollars would have been a great intro but good enough!
I read somewhere that most of the wealthiest people in the world are Dutch heirs of old family fortunes, but you don’t see any Dutch heirs on these lists.
Would be super helpful if trust funds were required to file a beneficial ownership statement with the SEC for accounts over a certain value.
@@nipungupta6237 Insert local regulatory body in place of the SEC. I’m American and figured the comment made enough sense using the best known financial market regulator without belaboring the point.
Lol you mean that colonizer blood money is still in their banks? Interesting
I don't think most, maybe some individuals at best. There are some on the Forbes list howeve so what you're saying is not entirely wrong.
I am so excited for How Hisory Works. I hope it is a blast like this channel as well. I love your content.
When i found out Forbes did the richest mobsters list. I knew then that their "riches lists" were inaccurate. There is no way to measure a mobsters wealth. They don't file taxes for their money generated from crimes or their street earnings lol 😊
I do know my net worth, I just add up all my cash and investments together. Of course, I also deduct my expenses.
I really love the scenes you used for the video.
Could you name some of them you used?
As I know some, while I'd love to find out the rest!
Could you do a video on how business prediction reports work?
Such stuff is something I have to deal with a lot at my job, and I find them untrustworthy, but I cannot figure out how they actually work
Exonomics Explained in one of his videos talks about "the secret aristocratic billionaires nobody knows" and then doesn't elaborate on it, these people want to avoid the light wherever possible.
The real wealth is the love in their hearts.... Just kidding!
How dare you accuse me of not knowing my own net worth. I am worth exactly $137,717.80
Net worth rises and falls so much and so fast it's almost impossible to keep track of who is richer than whom.
7:07
I want to see world's richest (for 10+ years) person's hand writing😅😅
That Amber Heard burn though …
If this could be done accurately, Putin would have topped the list, at least prior to the war.
Watching the bots talk to each other and get the longest comment chains going is kind of terrifying.
Finimize is where I'm finna learn bout stacks .
Just glad to be here
I actually do have a pretty good idea of my net-worth.
All my physical property exists across a two-room rental apartment (and is crudely tallied for contents-insurance).
All my financial property is in threes accounts (savings, term-savings, compulsory superannuation).
Add in my unclaimed leave from work.
And the total is...
....
Quite depressing!
okay so this video made me curious to see if the internet has tried to guess my net worth and it says $1.5 million and I am L A F F I N G
if you have to pay 24K a year for a bloomberg terminal. then why do people still believe in the efficient market hypothesis?
So I’ve learned to not trust celeb networth sites
Now to find out where does all that net worth come from.
I know mine exactly... keep a spreadsheet and keep it updated.
Will say this one is much better than the last video.
Equity Ownership x Current Stock Price = Net Worth
You're welcome.
Ay what’s up King?
Ok someone try to convince me that firs 3 minutes of this was not a Bloomberg advertisement 😂
The quality of your videos continues to impress me, even after all this time.
How money works needs to talk about Ecosia they are a search engine that plants trees
Once my student loans get forgiven, my net worth will FINALLY be zero. 😁
You can also work off your bad decisions.
I wonder if a couple of multibilionaires dumping all their shares in the stock market would cause an entire bear market for the rest. Or selling loads of call options.
dang the intro could have been "Dogs, Donuts and Dough!" but said money, nice vid keep it up !
Good video!!! Very engaging... With the current market situation, the best investment one can make right now is to invest in the Forex market, although stocks are good, but since I switched to Forex, I 've seen so much difference in my finances
Inflation is killing my budget and my salary. I can no longer invest in the financial market and it seems that I will have to sell all my risky assets to keep my head above water. What's the best advice right now?
Investing in risky assets (stocks, crypto, forex, etc.) is easier with professional advice, especially an investment advisor, it really helps reduce the risk of incurring losses
I had this experience during the last downturn and I thought I had lost everything but thanks to Ms. Jennifer Marie Ferguson who is my financial advisor, I recovered all my losses.
Stop managing your portfolio and write to her while you keep losing money, she's a trading pro. It will help you win passively.
With everything going on right now, the best decision is to have a profitable investment strategy. Stocks and crypto are good, but forex is the best.
I have heard that some people pay to be on Forbes and some pay to be off of it.
Also as for my net worth, let us just say I am far wealthier than the average 22 year old.
Nice
The real wealth is the friends you made along the way
came from a video similar to this & how there's more billionaires than the list. It's probably better to know how much there's salary is than net worth
3:07 skip ad
I actually do know my net worth ☝🏾
Good video: everyone needs more than han their basic salary to be financially secured, the best thing to do with your money is to invest, money left in savings always end up used with no returns,
@@charlottecharles9253 You're right ma,
That is why I had to start forex trading 2months ago and now am making benefits from it,
Thanks for introducing me to Maurice Ed Zander,.
@Philip Louis 2020 was a year that taught everyone to be smart with whatever they are doing...
if they are to achieve the success they crave for,.
The bots are out of control.
Do extensive research on anything u want to put your money in, don't fall for these "my life changed thanks to what what..." don't! If you do, you're falling for bait to being scammed! I've never been scammed but i trust my own intuition
Thanks shah
market caps are also nonesense but we dont have anything better
Finally some one said it
Actually poor people probably know their net worth a lot better, it’s mostly just their bank accounts and what they have in cash hahaha
I know down to the penny…. The skills of the broke are many 😂
I guess I’m not the only one that noticed some oddities about the comment section. Did I see two bots talking to each other? Maybe?
This channel is good
Can you eat avacado and toast and drink a morning coffee?
If yes congratulations you're instantly a billionaire
Have been saying that for 10years..
Wym
I definitely know my net worth at all times
12:55 Piech is not a "piek"... btw Piech family have its roots in Poland.
That's how whole stock market works tho. It rises and falls based on what people believe.
Good video.
The amount of bots in this comment section is astonishing, and they get frighteningly good at luring people in. lol
'They ASK'
Imagine how much better our world would be if that's what we all did: "JUST ASK!"
can you please shut up?
Does anybody know which billionaire has the most liquid cash?given how even networth is hard to track im guessing it isnt possible to track the amount of liquid money?but if you were to guess would the list be the same?
Putin or the Saudi prince probably.
$0 debt
*feels good*
5-10% sec filing 5:47
How much debt do I have?
None.
Net worth is not how much a person has.
I know my networth instantly. It rymes with Niro.
😂 hilarious. But I’m pretty sure mine’s negative so you’re doing better than 1 person at least
billionaires are so corrupt.😑
Sorry but i dont understand, why would someone not want to be on the forbes list?
Where does 3:57 footage come from?
Y’all need to stop hating on Kyle
Until the day working class people can thrive, the economys dead. We cannot continue to prioritize investors over people who work
And no, just because you have a stock portfolio, doesnt make you a capitalist investor who survives off of investment. You most likely have a job and are a working class person in order to survive
1.30 min advert is far too long.
What movie used in the intro audio?
Found it,it’s called ‘other people’s money’
Subtitle is messed up btw
and kidneys
And it had been on In 20 secs thaks Lil me later
just to rub it off, my net worth is 1,634,054.21
Also you’re wrong about Mar-A-Lago. It was a vacation home for the president of the US. It wasnt used much so it was privatized and eventually Trump bought it. It doesn’t need him to be valuable.
....why not Dogs, Donuts, and Dollars?????
Stockmarket networth is total bs
Does this channel have a discord?
What’s the valuation of Twitter?
Its a private company.
@@bjjkickboxing7876 i was being rhetorical 😉
@@bjjkickboxing7876 it can still have a valuation, just not a market cap.
@@dhayes907 that valuation wont mean ish. It happens COUNTLESS times that private companies have valuations up to 300% more than its most generous valuation. Take wework for example(extreme example but it gets the point across).
So never tryst the valuation of a private company until about 1 year after goin public....ESPETIALLY if its a tech company.
@@bjjkickboxing7876 fair enough. I don't really trust the valuation of publicly traded tech companies either. Or anything that uses mark to market accounting.
My net worth is -60 thousand 😂😂😂😂
THERE'S NO LARRY FINK ON THAT LIST
Catégories milliards, faites vos taxes sinon pas de ...
Fck secrecy, my net worth is 1K there I said it...