questions about business success

What Does Being Rich Really Mean?

Whether you are curious or aspiring to live like the rich, this article will give you a few hints on how to become rich yourself.

Perhaps you’re just curious, perhaps you want to visit the richest places in the world, or perhaps you aspire to be so rich you can live amongst High-Net Worth Individuals (HNWI) – you never know you might find an angel investor amongst them for your small business. Whatever the case, we’re going to look at the richest places in the world to live.

We often read in the news about the richest 1% in the world, and more often than not we don’t get a ton of information because that amount of money buys you privacy and some might say, control over the press as well. However, there are certain things we can know, such as the places the richest people live. Not exact addresses of course, but areas where you find a high amount of rich people.

How Rich Are These People?

The richest 1% doesn’t mean that much, until you hear that not too long from now, those 1% will own more between them, than the rest of the world put together. This is a wealth that accounts for complete wealth, not the amount they earn. So a person’s wealth would be calculated by adding up all their assets minus any money they owe on mortgages and other different types of loans. We think of these people as having millions or billions, like Bill Gates and Mark Zuckerberg, but actually, anyone with over £530,000 counts as that 1% so it could just be someone who owns a few houses, or who has paid off their mortgage and has a few other assets. It’s hard for many ordinary people to image having that much money especially when living month-to-month and having to rely on credit cards, short-term loans or loans for bad credit history. According to finance specialist Solution Loans, many young people are even having to rely on parents to buy their first home and taking out guarantor loans so these super rich really do live in a differnet world.

These top 1% are mostly spread amongst 4 different countries in the world, with the US being inhabited by 18 million, France being inhabited by 3.5 million, the UK being inhabited by 2.9 million and Germany being inhabited by 2.8 million of the wealthiest few.

Germany is thought to be at the bottom of the list because less people own homes there.

Following these top four, both Japan and China have people in the 1% living there, with 1.5 million in China.

The country with the most HNWI in the top 1% in comparison to its overall population is Switzerland where one in ten people have assets worth over £635,000.

Looking To Join The 1%?

If you are looking to join the 1% in their wealth, there are lots of ways to get there. According to statistics this year, the highest paying jobs in the world are:

  • Solutions Architect who earns around £95,000
  • IT Manager who earns around £95,000
  • Integrated Circuit Design Engineer who earns around £100,000
  • Software Architect who earns around £101,000
  • Strategy Manager who earns around £103,000
  • Pharmacy Manager who earns around £103,000
  • Software Development Manager who earns around £104,000
  • Research And Development Manager who earns around £112,000
  • Lawyer who earns around £114,000
  • Surgeon who earns around £143,000

There are of course endless entrepreneurial opportunities to take advantage of, such as vlogging which could turn you into a millionaire within a year if you do it right. Looking to invest money? Apparently, gold is the best investment at the moment because it has kept the same value since time began.

Good Luck with your ventures!

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.