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Why do billionaires want to make so much money?
I dont understand why the super rich people want to make even more money when they are already set for many generations, what kinds of benefits are there in being so rich?
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david’s Answer
Hi, Sebastian,
I have also sometimes pondered that question. The best answer I can offer is to look at specific individuals, and not and all of them, as the wealthy are as unique as the rest of us. My perception, which may be flawed, is that the person who amasses some wealth due to an innovative idea, will be approached by others who have ideas that need funding. And, with new ideas, the wealthy person continues being innovative and builds the latest idea into more wealth. The wealthy person may be looking at wealth only as proof that he/she is being successful, and such people still want to continue working - and so the cycle of new ideas and new riches continues. That is, it's possible that making more money isn't their goal. You might enjoy reading the history of Elon Musk, one of the world's richest people. He started with a small company, sold it and built a bigger one, and that cycle just kept repeating. The wealthy tend to be entrepreneurial risk-takers, not necessarily smarter than others, but comfortable with higher risks. Fortunately for the rest of us, many of the very wealthy also sponsor many charities.
And, this is just my view. We each have motivations in our lives, and others may never truly understand them, as we may never understand others. But it remains an interesting question.
I have also sometimes pondered that question. The best answer I can offer is to look at specific individuals, and not and all of them, as the wealthy are as unique as the rest of us. My perception, which may be flawed, is that the person who amasses some wealth due to an innovative idea, will be approached by others who have ideas that need funding. And, with new ideas, the wealthy person continues being innovative and builds the latest idea into more wealth. The wealthy person may be looking at wealth only as proof that he/she is being successful, and such people still want to continue working - and so the cycle of new ideas and new riches continues. That is, it's possible that making more money isn't their goal. You might enjoy reading the history of Elon Musk, one of the world's richest people. He started with a small company, sold it and built a bigger one, and that cycle just kept repeating. The wealthy tend to be entrepreneurial risk-takers, not necessarily smarter than others, but comfortable with higher risks. Fortunately for the rest of us, many of the very wealthy also sponsor many charities.
And, this is just my view. We each have motivations in our lives, and others may never truly understand them, as we may never understand others. But it remains an interesting question.
thank you for the response
Sebastian
Updated
Emmanuel’s Answer
I have no idea, my friend. The world is strange and sometimes we don't have answers to every question. Great question Sebastian. I would like to hear what others think about your question.
All the best
thank you for the response!
Sebastian
Updated
Rich’s Answer
Not being super rich, I can only give another perspective based on what I have observed. For the one’s that become super rich on their own, it seems it is driven more from a strong desire to be the best continuously, ego-driven. If it was just for the money, they would have stop when they were just comfortably rich. For those that were born into wealth, it seems fear of losing what they have is largely a driving factor. Also who-driven but now fear based vice desire based. Either way, by definition they are never satisfied and so thus not very happy outside of the brief “wins” which just want make them want more. There is an old saying, “I wish you just enough” which seems to be the right middle path to happiness.
Hello thank you for the response! I was wondering, is all of the money that they don't even need worth the exploitation of the workers that they do? it just seems so weird to me
Sebastian
Updated
Carrie’s Answer
Everyone needs a purpose to fill their days and a way to exercise their talents. Idle hands are the devil's playground.