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This is very true. For example I have some family friends that would easily crack into the low end of the Forbes billionaires list but they operate their busine
by xzel 9y ago
This is very true. For example I have some family friends that would easily crack into the low end of the Forbes billionaires list but they operate their business legally in the islands south of America (sorry for vagueness, it is intended). No one has ever come knocking from Forbes and they like it that way.
- TaylorGood 9y agoA family I grew up with has a net worth of ~$20B but it's layered through hundreds of LLC's. Easy to understand the truest wealth figures avoid publicity the most. Two other families nearby hit the ~$2B range but you'll never hear about it unless you're floating on a boat when their name comes up.
- kamaal 9y agoBulk of the worlds wealth is held by unknown(or at least non-famous) people. Anonymity and low key profile helps them escape being in spotlight. Being invisible to tax agencies, crime rings and mobs among masses is far more preferable than having a celebrity profile and a photo on forbes. Also its easy to bequeath your descendants wealth easily that way.