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2019-10-09 16:36:00

7 defining differences between the ultra-wealthy and the 'millionaires next door'

The ultra-wealthy prefer subtle displays of wealth to the flashy labels favored by ordinary millionaires.Rob Stothard / Stringer / Getty Images

Not all high net worth individuals have the same approach to their money.

The millionaires next door — those with net worths between $1 million and $5 million — manage and spend their fortunes quite differently than the ultra-wealthy, whose net worths exceed $30 million.

Some of the differences are superficial, like a preference for subtle displays of wealth over flashy labels. Others, like their preferred investment vehicles, can have substantial impacts on their fortunes.

Read more: 5 things the ultra-wealthy are doing to prepare their portfolios for a possible recession, from ditching bonds to stockpiling cash

Keep reading to learn more about the differences between ultra-high net worth individuals and the millionaires next door. For the purposes of this article, Business Insider also examined the differences between millionaires' and billionaires' money habits. While the differences highlighted below speak to trends among the different levels of wealth, they are by no means exhaustive.

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7 defining differences between the ultra-wealthy and the 'millionaires next door'7 defining differences between the ultra-wealthy and the 'millionaires next door'

Not all high net worth individuals have the...

7 defining differences between the ultra-wealthy and the 'millionaires next door'

Features,BI Select,Arts & Culture,Billionaires,Millionaires,Money Habits

7 defining differences between the ultra-wealthy and the 'millionaires next door'

2019-10-09T16:10:00+02:00

2019-09-23T19:07:11+02:00

2019-10-09T16:10:40+02:00

https://static3.businessinsider.de/image/5d9ded47e94e862f956a4da4-500-250/7-defining-differences-between-the-ultra-wealthy-and-the-millionaires-next-door.jpg

BusinessInsiderDe

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Not all high net worth individuals have the same approach to money. Ordinary millionaires tend to hold more of their wealth outside the stock market and within their home countries than the ultra-wealthy. Millionaires' fortunes are more stable than those of the ultra-wealthy, in part because of their investment choices. Visit Business Insider's homepage for more stories. Not all high net worth individuals have the same approach to their money. The millionaires next door — those with net worths between $1 million and $5 million — manage and spend their fortunes quite differently than the ultra-wealthy, whose net worths exceed $30 million. Some of the differences are superficial, like a preference for subtle displays of wealth over flashy labels. Others, like their preferred investment vehicles, can have substantial impacts on their fortunes. Read more: 5 things the ultra-wealthy are doing to prepare their portfolios for a possible recession, from ditching bonds to stockpiling cash Keep reading to learn more about the differences between ultra-high net worth individuals and the millionaires next door. For the purposes of this article, Business Insider also examined the differences between millionaires' and billionaires' money habits. While the differences highlighted below speak to trends among the different levels of wealth, they are by no means exhaustive.

international

7 defining differences between the ultra-wealthy and the 'millionaires next door'7 defining differences between the ultra-wealthy and the 'millionaires next door'

Not all high net worth individuals have the...

7 defining differences between the ultra-wealthy and the 'millionaires next door'

Features,BI Select,Arts & Culture,Billionaires,Millionaires,Money Habits

7 defining differences between the ultra-wealthy and the 'millionaires next door'

2019-10-09T16:10:00+02:00

2019-10-09T16:10:40+02:00

https://static3.businessinsider.de/image/5d9ded47e94e862f956a4da4-500-250/7-defining-differences-between-the-ultra-wealthy-and-the-millionaires-next-door.jpg

BusinessInsiderDe

https://www.businessinsider.de/assets/images/logos/og-image-logo.png

Not all high net worth individuals have the same approach to money. Ordinary millionaires tend to hold more of their wealth outside the stock market and within their home countries than the ultra-wealthy. Millionaires' fortunes are more stable than those of the ultra-wealthy, in part because of their investment choices. Visit Business Insider's homepage for more stories. Not all high net worth individuals have the same approach to their money. The millionaires next door — those with net worths between $1 million and $5 million — manage and spend their fortunes quite differently than the ultra-wealthy, whose net worths exceed $30 million. Some of the differences are superficial, like a preference for subtle displays of wealth over flashy labels. Others, like their preferred investment vehicles, can have substantial impacts on their fortunes. Read more: 5 things the ultra-wealthy are doing to prepare their portfolios for a possible recession, from ditching bonds to stockpiling cash Keep reading to learn more about the differences between ultra-high net worth individuals and the millionaires next door. For the purposes of this article, Business Insider also examined the differences between millionaires' and billionaires' money habits. While the differences highlighted below speak to trends among the different levels of wealth, they are by no means exhaustive.

international


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