[Events] What would you do if you were a billionaire?
G’Day, mate!
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Forbes has released its annual ranking of the world’s richest people, with 2,668 people on the list (which is 87 less than just 12 months ago).
The world’s richest billionaires comprise many well-known names - Elon Musk has been crowned in first place for the first time with his $2.9 billion fortune. Jeff Bezos, Bill Gates, and Warren Buffett all also make the top 10 in third, fifth, and sixth place respectively.Forbes’ real-time data shows that 41 Australian billionaires have made the list of the world’s richest billionaires. Billionaires in the mining, software and manufacturing industries feature heavily, but also retail, casino, investment, construction, and real estate.
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Please leave a comment on this post. We would like to invite you to participate in a discussion about what you would do if you were a billionaire.
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⏰Activity Duration
10 November, 2022-17 November, 2022 AEST
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1) Set up micro-loans in under developed countries with coaches to help advice the poor on the best ways to invest their money...in effect teaching them to fish well;
2) Educate the young-create self-sustaining schools that are able to provide good education in poor areas using proven educational techniques. at same time, using these schools to identify high potential students for more focused grooming to become future philanthropists to help their community - a virtuous cycle;
3) Develop a way to reach out to young parents on key knowledge in raising children successfully, including ways to help them in terms of funding for their children's nutrition and education even;
the list goes on...
I will use the other 25% to invest in green companies, half of the returns to be reinvested in the same and the other half for wildlife conservation
The rest (25%) I would keep for my family
That's if I become a billionaire which I doubt I would
On a more practical aspect, I aim to donate 1% of my income to charitable causes
I'm not able to follow the same plan, donate half of my wealth, invest 25% into green companies and keep the rest, because I'll have problems meeting my basic needs if I follow the same plan
It's easier for the wealthy to donate huge amounts, as they are able to do so and still have no problems meeting their basic necessities
However, I believe everyone should still practice charity and giving back to the society
It's the thought that counts, not the amount
Just wondering on this.. do you really need that much money. It would be like you will be spending this like crazy to use up in this life time.Or keep working to make your the amount stays at that level
It is time to tackle and remove the real cause of increasing youth crimes in beautiful Alice Springs. What a pity to see what’s happening to increased number of broken car’s sunscreen, damage on properties, theft, robbery and other youth crimes . It does worry everyone in town.
Successful investors should take social responsibility. Not only will it benefit Alice Springs, Northern Territory, but it will make Australia great again.