What do Billionaires give at Christmas?

Posted on 05 December 2020

As you struggle to chose the ideal the gift for your nearest and dearest, spare a thought for the 1% of the population who have more than they can ever need, want or require. What do you buy them? Indeed – what do they buy each other?

Sounds like a great problem right?

Turns out the more money you have the more complicated your shopping becomes. 

Those new to money tend to want to flaunt it. They like, and need, to show to friends, family and neighbours how much money they have – its diamonds, cars, big and flashy in both cases. 

Those however who have had money a long while, or who were born with the privilege, do not feel the same. They find spending money a risk, that showing off is tacky and misplaced. They did not, after all, get to where they are by being frivolous with money. They might give generously to charity, but gift wrapping cars for their teenagers is just not what they do. 

To them it really is the thought that counts. Recalling their childhood desires, their wish list or an experience they have always talked about. Experiences that they can always talk about and recall for years to come. 

Often as they have more time on their hands than those of us who head to daily work they are also far more aware of their health – health is wealth, and you cant buy it. Time runs out and possibly those decadent teen years worry them more now they are older. So Yoga retreats, lifestyle change help and fitness guru experiences are always sort after. 

There is more time to think and to ponder on life and the meaning of it too. They know knowledge is something they can never have ‘all’ of,  and gifts often show this – a simple book, a talk of their hero’s, something with a little more thought. 

So should you find yourself needing to buy someone super wealthy a gift this year, remind yourself there’s no need to splurge your entire wage packet on one designer handbag – in fact they would rather you didn’t. Think a little deeper and with a little more care. Thought definitely takes precedence over label.

Not sure we have that right?

Take a look at these Billionaires and Millionaires that have been quoted in the press recalling their greatest Christmas gifts ever –

Michael Rubin, CEO of Kynetic, an e-commerce holding company.Net worth just over 3.5 billion dollars

“The best gift I ever received was from my father, who passed away in 2003. He was a veterinarian and gave me a beautiful black Labrador puppy. He knew that I also love animals so it was an incredible gift, and kicked off a tradition of ‘dog-gifting.’ I wanted my daughter to have the same experience I had growing up with dogs, so I gave her two labs–one in 2008 and another five years later. The younger one just had a litter of puppies last month, so it has turned into the gift that keeps on giving!”

 

Frank Vandersloot, founder of Melaleuca, health supplements. Net worth 3.5 billion dollars.

‘My folks didn’t have much money, but I was very excited when I was about eight and my dad brought me home a cardboard box with holes in it—so I knew something was alive. There was a pigeon inside! He worked on the railroad, so he had caught it and brought it home. From that point on, I have always had pigeons’.

 

Whitney Wolfe, founder of Bumble the women centric dating app. Net worth over 500million dollars

‘My mother-in-law gave me a bee pendant necklace that once belonged to her mother. Its beautiful, and its family history means it such special thing’ 

 

Mark Cuban, Entrepreneur, Investor, and Owner of the NBA Dallas mavericks. Net worth 4.2 billion dollars

‘A framed picture of the essay my son wrote when he was seven, saying I was his hero and that he wanted to be just like me when he grew up. Greatest gift ever’ 

Sarah Kauss, founder of s’well bottles. Net worth 180 million dollars.

A journal. I keep a daily journal and have found it to be one of my most useful habits to keep me mindful in both my personal life and in business. I love to receive new journals, and to share a ournal with others to encourage them on their own journey.”