Really rich people don’t need to invest in these items
When it comes to rich people, billionaires, most people will think of gilded furniture, private jets, supercars… The fact that people with high incomes own expensive items nothing surprising! But, do all billionaires spend money on luxuries?
Watches are one of the jewelry items that express aesthetic gout and luxury that are favored by many people. Brands like Rolex or Patek Philippe, Richard Mille… have become symbols of wealth and class. Many people spend a lot of money to own meticulously crafted watches from these brands.
However, it is a fact that not all billionaires like to wear expensive watches. They have the ability to buy the most expensive watches, but there are people who prefer watches for only a few tens of dollars.
The richer the people, the more they like affordable watches
Jeff Bezos is a prime example. The Amazon founder often appears with simple outfits and neutral colors. His watch models are also not too diverse. The watch that Jeff Bezos wears again and again throughout the year is the Ulysse Nardin Dual Time.
According to ForbesThis is not a cheap watch. However, when comparing the price of the Dual Time with Jeff Bezos’ $ 189 billion fortune, it is a “nothing” number.
Jeff Bezos’ “modest” watch. Photo: Internet
The philanthropist, the founder of Microsoft, didn’t throw billions of dollars, $98 billion to be exact, on buying luxury items. Not only that, the billionaire is also willing to sign the Giving Pledge – a commitment to give most of his fortune to charity.
Bill Gates is a name that is always in the top of the world’s billionaires. But he doesn’t spend too much of his fortune on expensive brands. Bill Gates’ favorite watch brand is Casio.
He regularly appears in the media with a Casio Duro that retails for $69.95. In addition, he also owns a Casio Duro which costs about 40 dollars. Previously, he wore a Casio lluminator Sports Digital Chrono watch that costs 10 USD.
Mark Zuckerberg doesn’t even wear a watch. Photo: Internet
Why do rich people choose affordable watches?
Normally, people with a lot of money will prefer luxury items for their quality as well as a form of investment. However, the richest billionaires in the world choose affordable watches. According to the analysis, this choice comes from the following reasons:
1. Value far exceeds function needed
Basically, a watch has one use that is to tell the time. Currently, phones or other electronic devices can also meet this requirement. Most billionaires who choose watches do not always care about the appearance of the product. The reason is simple: They wear watches because they need to tell the time.
So why are so many people willing to spend $250,000 on a Richard Mille, when a Seiko can do the same function perfectly for only $250.
The price difference of the watches is not too difficult to understand when the materials and methods of creating the certificate are not the same. Watches that are made from expensive materials, by top craftsmen, and with meticulous design are sure to cost quite a bit more than mainstream watches.
Over time, watches are no longer just a thing to tell the time, but have become a popular style of jewelry. Depending on the needs of each person, they will choose for themselves the appropriate model. For some billionaires, they choose more affordable watches because they simply need to use it to keep track of time.
Bill Gates owns many popular watch models. Photo: Internet
2. These models are suitable for all occasions
Seiko, Casio, Timex, Swatch, and many others have one thing in common: They can match anyone and a variety of outfits. These watches are mainly designed in a simple style, so it is not too difficult to combine with other accessories.
Usually, very simple but elegant wristwatches will go well with elegant suits. Not only that, but it also “fits” with simple and gentle outfits such as T-shirts, jeans…
The simpler the items, the more practical they are. Meanwhile, the richest people like Bill Gates or Mark Zuckerberg have always been famous for their simple wardrobe to save time choosing. Therefore, popular watches with gentle designs will be a perfect choice.
3. Watches are not the best investment
There is no denying that the value of luxury watches from top brands will increase over time. However, for billionaires like Bill Gates or Jeff Bezos, watches are not the best investment.
In other words, the amount of profit they get from a watch does not have too much impact on their fortune. Good investors don’t treat luxury watches as an investment. The biggest reason for them to choose to buy a watch is because of their personal taste and real value.
According to Luxurylaunches, Medium
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
