no individual should have any business having more than 10 million in cash and 250 million in assets
If ‘assets’ includes publicly traded stocks then they’re essentially the same as cash at those kind of numbers. You only need “immediate” cash for purchases under about $100k, anything bigger than that you can typically wait for the sell order to go through.
But overall that number looks about right; $350m is just about the ceiling where it’s literally not possible to spend it all on things for yourself. It could buy you the most expensive house ever sold ($240m) plus the most expensive new car ($40m) plus the world’s most expensive watch ($31m), and still leave you enough for a median-priced fully staffed private island ($10m), an 82’ yacht ($7m), a small private jet ($12m), and you’d still be a deca-millionaire at the end of it.
Anyone spending more than that isn’t spending it on things, they’re spending it on power.
If ‘assets’ includes publicly traded stocks then they’re essentially the same as cash at those kind of numbers. You only need “immediate” cash for purchases under about $100k, anything bigger than that you can typically wait for the sell order to go through.
But overall that number looks about right; $350m is just about the ceiling where it’s literally not possible to spend it all on things for yourself. It could buy you the most expensive house ever sold ($240m) plus the most expensive new car ($40m) plus the world’s most expensive watch ($31m), and still leave you enough for a median-priced fully staffed private island ($10m), an 82’ yacht ($7m), a small private jet ($12m), and you’d still be a deca-millionaire at the end of it.
Anyone spending more than that isn’t spending it on things, they’re spending it on power.