Why do multi-billionaires portray themselves as poor?

Why do multi-billionaires portray themselves as poor?
Posted At: May 17, 2022 10:02 AMViews: 39Category: General Blogs

It's just a broad philosophy.

Mark Zuckerberg owns a lot of great stuff, yet he drives a $30,000 Volkswagen in his spare time.

Bill Gates dresses modestly, takes public transit, and yet eats at small, affordable burger joints while wearing a $10 watch.

Warren Buffet has resided in the same house since 1958, when he purchased it for little under $40,000.

For the most of his adult life, Steve Jobs wore the same clothing.

steve jobs

Wealthy individuals don't need to impress others with their money, but broke ones do.

While people may pay for advertisements on Instagram and Facebook while posing with costly items, it is clear that they are not wealthy.

And these games only work on folks who feel they can get rich quick by being stupid.

Any other billionaires you see on social media (there are only two) are merely doing it to influence cryptocurrency prices.

And these games only work on folks who feel they can get rich quick by being uninformed.

True riches are a desire to be left alone in order to spend time with family rather than pretending to be someone you aren't.

Wealthy individuals have no cause to be concerned about what others think.

I am aware of my identity. I don't have to live a rich lifestyle or pretend to do so in order to promote it online.

Some wealthy individuals dress like hoboes, whereas others do not.

Because of the nuts following you around, affluent individuals (like celebrities) usually conceal themselves when going out.

Most wealthy elites dress appropriately for their function, especially if they work.

People's clothing is a personal choice, yet it does reveal something about who they are.

I was astonished to learn that the wealthy people value money higher than the average middle-class person.

Rich individuals are wealthy because they understand the importance of saving money.

One event that I am aware of that supports the idea is when Gates and Buffet walked outdoors to lunch.

They paid using coupons for discounts.

The point is that the wealthy are far more modest about their wealth than the middle class.

However, there are many spoilt affluent individuals as well as extremely poor people who live quite simply.

money

Poor individuals make an impression with their clothing, jewels, and other accessories. They can't afford to show themselves in any other manner.

Middle-class folks are distinguished by their vehicles—a stylish automobile, a boat, or a collection of motorized "toys" such as four-wheelers.

They can afford the "bling," but they do not want to appear impoverished. They can't, however, afford to drastically alter their lifestyle in order to flaunt their wealth.

Upper Middle Class and Wealthy individuals make an impression by where they live and go—some reside in nice display homes in trendy areas.

Some are the "millionaire next door" sorts who live in a typical house but travel to Europe or the Amazon at least once a year.

They can't afford to have a college named after them, having a fancy automobile also won't impress their neighbors.

Rich individuals aim to impress others with their actions.

Buildings named for the wealthy, such as Carnegie Hall or the Geffen School of Medicine, are popular.

Consider this. What could Bill Gates  or Warren Buffet  possibly wear or drive that would impress anyone?

Help the Bill and Melinda Gates Foundation establish internet access for all US libraries, or acquire ABC Television and General Motors (Buffet's Berkshire Hathaway) and you've got something.

Some theories believe that this impact acts in the opposite direction.

money

Poor individuals remain poor because they spend their money on "bling" rather than saving for a good car.

The stylish cars that the middle-class drives are frequently overpriced, lose value quickly, and are purchased with interest.

This has the effect of preventing the middle class from getting prosperous.

The Upper Middle Class and the Wealthy wind up paying too much on house maintenance and property taxes.

These individuals would argue that they became such because they were unconcerned with how others saw their clothing, automobile, and home and instead focused on more essential matters.

 

Raja Maharjan

Author : Raja Maharjan

rajamaharjan55@gmail.com