1% of 1 billion is 10 million. That is lot of money to spend on consumption. And in many cases such consumption doesn't necessarily entirely destroy spend money. Think of classic cars or art or real estate...
Only real way to destroy such amount of money is something stupid like starting an airline...
The ultra-wealthy territory is one were actually losing becomes hard, if you have even some moderation in actions.
Only real way to destroy such amount of money is something stupid like starting an airline...
The ultra-wealthy territory is one were actually losing becomes hard, if you have even some moderation in actions.