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  • Forbes reports that in 2017 there was a record number of billionaires in the world: 2,043, to be exact.

  • This number is quite small when we consider that there are over 13 million millionaires in the world, people that are sometimes referred to as high-net-worth individuals.

  • Although it is unlikely that any of us will become billionaires, if you are a white American with a good education, reports suggests that you can have as high as a one in five chance of becoming a millionaire by the time you die, but billionaire, that's a bridge too far for most but the extremely fortunate.

  • The psychological theory known as the "Happiness Paradox" tells us wealth might not even make us happy.

  • But you can judge that for yourself after watching this episode of the Infographics Show, How Is Life Different for Billionaires?

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  • First of all, we can't exactly say how all billionaires live.

  • We can, however, take a look at some billionaires and perhaps see if there are recurring traits for many of them.

  • For instance, Bill Gates is said to live quite frugally even though he's the richest man on the planet.

  • While Indian billionaire Mukesh Ambani bought a home which many people might say is the most lavish abode one could buy.

  • His skyscraper, called Antilia, is 27 stories high and cost him around one billion dollars.

  • He's worth around $23 billion, give or take a few billion depending on which source you read.

  • We used Forbes real-time rankings.

  • Bill Gates is worth around $86 billion, and his Medina, Washington estate, cost him just $63 million to build.

  • While still lavish, this might give you an idea of how these billionaires have dissimilar lifestyles.

  • Nonetheless, they both have huge houses and no doubt their lives have many similarities because of their great wealth.

  • But not all billionaires live in mansions, estates, or luxurious high-rises.

  • In 2017, Forbes put Warren Buffet in the top five of richest people in the world at $75.6 billion.

  • But he lives in a house in a small neighborhood of Omaha, Nebraska, that he bought for $31,500 in 1958.

  • That would be about $250,000 in today's money, although it's said his property is currently worth about $650,000.

  • According to Realtor.com, that is only slightly more than their average 3.3 bedroom, 2.6 bathroom house listed on their site at the end of 2016.

  • That cost was a little over $400,000.

  • Talking about the house, Buffet said, "I'm happy there. I'd move if I thought I'd be happier someplace else."

  • Still, the house is guarded and there are plenty of security cameras.

  • Ingvar Kamprad, the Swedish founder of IKEA, is also not too fond on being extravagant.

  • While his net worth has fallen sharply over the recent years and he's now said to be worth just $6 billiondown many billionshe might not need the cash.

  • While some people say he's stingy, others just say he doesn't enjoy living the lavish lifestyle.

  • Business Insider wrote in 2016 that he lives in a one story home, sometimes takes the bus, flies economy, and drives a decades old Volvo.

  • So, it's not all glamor and decadence for our billionaires.

  • But one thing is certain for most, many of them just don't go out in the street and walk around as we do.

  • In fact, according to some sources, billionaires work their socks off and don't have very much free time.

  • Co-founder of Google, Larry Page, said he would sometimes work around the clock, literally 24 hours a day.

  • Elon Musk, the man behind Tesla and SpaceX, says you need to be putting in around 100 hours a week just to get ahead of the rest.

  • In fact, if we look at what Elon Musk does on average, the man seems to be pretty busy.

  • Not all billionaires are still at the forefront of their industry, but let's take a look at the average day in the life of Elon Musk.

  • Fortunately, Musk has let this be known, so we can give you a run down.

  • He gets up at 7 am after 6 hours of sleep.

  • He often skips breakfast but never forgoes a shower.

  • He divides his work week between Tesla and SpaceX, which adds up to about 82 hours at work.

  • He even sometimes puts in more hours on the weekend, but also enjoys spending time with his sons.

  • He tries to never work on Sundays, and instead travels or hangs out at his Bel Air mansion.

  • He doesn't eat much, but will sometimes go crazy during business meals.

  • He also admitted to being kind of addicted to Diet Coke, something he isn't too proud of.

  • He says he also finds time to go to the gym twice a week, and he says he is a passionate reader of novels and non-fiction books.

  • But, like most billionaires, you won't find Musk just wandering around any old high-street.

  • In fact, according to an article in the British media, even London's multi-millionaires won't go out without a bodyguard, which apparently costs around $500 for one man for one day.

  • Many of them travel by private helicopter, and do not take public transport anywhere.

  • Other media reported that Facebook's Mark Zuckerberg has around 16 bodyguards working shifts at his home in Silicon Valley.

  • In fact, it's reported that his neighbors have even complained about all those guards illegally taking up parking spots in the neighborhood.

  • In fact, way back in 2008 Forbes interviewed Russ Alan Prince, president of the private wealth-research firm Prince & Associates, who told them that 98 percent of people with over just $25 million have spent money on special security services.

  • This might be hiring navy SEALs or even employing hi-tech security robots that can take down home intruders.

  • So, even with all that wealth, you could say a billionaire's life is somewhat made unhappy at times from fear of being a victim of robbery or kidnapping.

  • Maybe they counter this by eating loads of amazing food.

  • Well, not Warren Buffet, who famously said he lives on fast food and Coca-Cola.

  • He's apparently been eating McDonalds for breakfast for many years, but being a big shareholder in the fast food company, maybe he's just advertising.

  • Richard Branson once said he drinks 20 cups of tea a day, while Donald Trump also loves his junk food.

  • But this surely is all talk for the media; some of these people must eat well.

  • In fact, many reports suggest a lot of the world's billionaires hire chefs, sometimes Michelin-starred.

  • These might work in the house, or even on a private yacht.

  • Many billionaires own private yachts.

  • The Sheik of Dubai apparently owns a $350 million yacht.

  • Chelsea soccer club owner Roman Abramovich owns a yacht called the Eclipse, which has an estimated value of $450 million to $1.2 billion.

  • It even has a submarine attached to it.

  • One of the world's most expensive yachts, with a value of one billion-plus, doesn't seem to have an owner yet.

  • That's called "The Streets of Monaco".

  • The most expensive yacht, "the History Supreme", was commissioned by a Malaysian businessman for $4.8 billion.

  • Apparently the yacht cost him around a third of his net worth.

  • So, what would you do with a billion or more?

  • Would you live similar to the way you do now, or would you become very extravagant?

  • Let us know in the comments!

  • Also, be sure to check out our other video called "What If the World Was One Country"?!

  • Thanks for watching, and, as always, don't forget to like, share, and subscribe.

  • See you next time!

Forbes reports that in 2017 there was a record number of billionaires in the world: 2,043, to be exact.

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How Is Life Different for Billionaires?

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    Mackenzie posted on 2019/10/12
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