How do the rich invest their money?
The ultra-wealthy may have unlocked the secret to wealth, but can regular investors replicate their success? The answer is yes, and it’s easier than you might think.
We’re taking deep dives into the portfolios of millionaires and billionaires to see why their net worth is so high and how retail investors can use that info to get rich, too. So, take a look at what Rich Dudes (and dudettes) invest their money in and what you can do to be rich like them.
How Kevin O’Leary’s $400M Net Worth made him the 2nd Richest Shark in the Tank
Terence Thomas Kevin O’Leary, also known as Mr. Wonderful, is a Canadian businessman, investor, and television personality with an estimated net worth of $400 million. Kevin O’Leary might be best known as the bluntest cast member of ABC’s Shark Tank and CBC’s Dragon’s Den, but he’s as much of a serial entrepreneur and investor off camera as he is on TV.
Kevin O’Leary didn’t amass his $400 million fortune overnight. His big break came at the age of 45 when he sold his software company SoftKey (later renamed The Learning Company) to Mattel for $4.2 billion — making him a multi-millionaire. READ ON.
How Paul Allen Built His $20B Net Worth Without Microsoft
The late Paul Gardner Allen, also known as the Idea Man, was a businessman, investor, sports team owner, and philanthropist worth an estimated $20.3 billion…
After he died in 2018 from non-Hodgkin lymphoma, the executor of Paul Allen’s will began selling all of his assets — including an art collection that recently fetched $1.6 billion at auction — and donating the proceeds to charity. READ ON.
How Shaquille O’Neal Built His $400 Million Fortune On and Off The Basketball Court
Shaq O’Neil is one of the most famous basketball players, making $292 million just from playing the sport…
But Shaq wasn’t always so great with money. He says he blew his first $1 million paycheck in 20 minutes. After spending the million before paying taxes, he realized he had to save better. So, Shaq started to put his money into car washes and fitness centers. READ ON.
Elon Musk’s $180 Billion Net Worth
Almost everybody knows a thing or two about the world’s richest man, Elon Musk. The 51-year-old South African-turned-Canadian-turned-American is now worth $180 billion — after a heady haircut in 2022, during which the Tesla and SpaceX founder lost $90 billion. READ ON.