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Where do Rich People Store Their Money to Keep it Safe (Not What You Think)

Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?m... You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com Where do rich people keep their money? What are the safest options for money storage out there? Which countries are best for keeping large amounts of cash? Which banks are best? Countries that come to mind are Cayman Islands, Switzerland, Singapore, UAE, UK, USA, etc. Swiss banking is among the most famous when it comes to wealth preservation and storage. London and Dubai are among the most famous cities for banking, and many are keen on keeping their wealth there. But what about banks? There is a list of the safest banks in the world. Some of them are very well known and reputable institutions. But when it comes to real wealth, let's say billionaire wealth, most of that wealth will not be stored in banks, but in assets. No matter how reputable a bank is if it goes under you will lose most of your money, and only get back an insurance deposit backed by the government. This is usually a quite low amount, which is negligable. This is why it's a better idea to keep your funds to store money in a brokerage account than in a regular bank account. In this case your money will be quite safe, no matter what happens with the institution. On top of this lots of wealthy people will buy real estate assets. Who are we and what do we do? We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc. We have lots of interesting articles on different topics, we have relevant information up to date. Author: Michael Rosmer Feel free to join our community! Don’t forget to subscribe to our channel    / @offshorecitizen