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Once you're at that level, differences between local economies are such a small percentage of your net worth that it really doesn't matter.
by wan23 15y ago
Once you're at that level, differences between local economies are such a small percentage of your net worth that it really doesn't matter.
- cellis 15y agoExactly. Billionaires are truly international citizens, shifting their wealth to the most amenable climates (often literally, e.g. Florida), so few of them will be truly invested enough in a certain locale for cost of living to matter. And if they are, well then they own the entire town, so they definitely don't care.