PHOTO: PHIL CARRICK/AFR Graeme Hart has become successful through a series of leveraged buyouts.
Sometimes it can seem like the wealthiest people in New Zealand are a different species.
Amazon founder Jeff Bezos made more than $2 billion in one day. Tse Ping and Cheng Cheung Ling gave their son $5.9 billion as a gift, making him one of Asia’s richest people overnight.
It’s hard to relate to if you’re budgeting the last $100 in your bank account.
But financial advisers and other financial commentators say there are still lessons that can be learnt from the uber-wealthy, even if you have fewer zeroes in your bank account.
The chances are that, unless you’re a top-level executive, you won’t ever earn enough in salary or wages to get you to mega-wealthy status. And even if you do score a big job, it’s probably the incentives, such as share options, that will really make you rich.
Financial commentator Janine Starks said really wealthy people generally would not accept a wage-only job after about the age of 35.
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