What brokerage do most millionaires use?
Interactive Brokers: Known for its advanced trading tools and low fees, Interactive Brokers is favored by many experienced traders, including billionaires. Its robust features allow for customization and execution of complex trading strategies.
Interactive Brokers: Known for its advanced trading tools and low fees, Interactive Brokers is favored by many experienced traders, including billionaires. Its robust features allow for customization and execution of complex trading strategies.
Family offices are personal wealth management firms for billionaires. Prime brokerages allow the ultra-wealthy to borrow securities and cash for investing. Private placements give billionaires access to shares of private companies.
Is it safe to keep more than $500,000 in a brokerage account? It is safe in the sense that there are measures in place to help investors recoup their investments before the SIPC steps in. And, indeed, the SIPC will not get involved until the liquidation process starts.
While not all of the households in this study are millionaires, the vast majority of them are. The median household in the study has over $1 million with Vanguard and those below the median have assets outside of Vanguard (i.e. real estate, non-Vanguard accounts, etc.) that make most of them millionaires as well.
Company | Funding date |
---|---|
Cloud Paper | 2022 (Venture) |
Everfi | 2012 (Series B), 2016 (Series C), 2017 (Series D) |
La Haus | 2021 (Series B) |
Nextdoor | 2013 (Series B) |
Most of the Bill & Melinda Gates Foundation portfolio is invested in just five stocks: Microsoft, Berkshire Hathaway (NYSE: BRK. A) (NYSE: BRK. B), Canadian National Railway Company (NYSE: CNI), Waste Management (NYSE: WM), and Caterpillar (NYSE: CAT).
Ticker | Company | % Portfolio |
---|---|---|
CNI | Canadian National Railway Co. | 16.29% |
WM | Waste Management Inc. | 14.92% |
CAT | Caterpillar Inc. | 5.14% |
DE | Deere & Co. | 3.36% |
Mark Zuckerberg is the Founder and serves as Chairman, Chief Executive Officer & Board Member at Meta Platforms. He is also an Angel Investor. He is also a Co-Founder at Breakthrough Energy. He serves as Board Member at BeatMed and is also a Co-Founder and Co-Chief Executive Officer at Chan Zuckerberg Initiative.
Company name & symbol | Percent change in share count over quarter | Value of investment at end of quarter |
---|---|---|
Sirius XM (SIRI) | 316% | $220,129,000 |
Chevron Corp. (CVX) | 14% | $18,808,080,000 |
Occidental Petroleum (OXY) | 9% | $14,552,270,000 |
Is it safe to keep millions in a brokerage account?
Yes, to the highest degree possible. It is protected by regulations that segregate brokerage accounts from investor accounts. It is further protected by SIPC insurance and other SIPC functions. And finally, it is covered by supplemental insurance running well into the millions of dollars.
Some investors choose to work with multiple brokerages to mitigate risk and protect their assets. Spreading your assets across different brokerage accounts can help protect you against potential fraud or unauthorized access, Roller says. If one broker has a breach, then you can still trade with another investment firm.
If you're saving for a single goal, then sticking to one brokerage account could be your best bet. That way, you'll have a handle on all of your money and it will be easy to keep tabs on your investment portfolio.
Rank | Asset | Average Proportion of Total Wealth |
---|---|---|
1 | Primary and Secondary Homes | 32% |
2 | Equities | 18% |
3 | Commercial Property | 14% |
4 | Bonds | 12% |
Investors with $1 million to $5 million*
You're a Flagship client at Vanguard, which means you get personalized services reserved for our high-net-worth investors. Helping you look at your wealth holistically is important to us.
Cash equivalents are financial instruments that are almost as liquid as cash and are popular investments for millionaires. Examples of cash equivalents are money market mutual funds, certificates of deposit, commercial paper and Treasury bills. Some millionaires keep their cash in Treasury bills.
"Billionaire CEOs like [Jeff] Bezos, [Mark] Zuckerberg, Jamie Dimon, and the Walton family are selling off massive amounts of their own stocks, and analysts think the CEOS may be bracing for an economic downturn," he said, adding, “An overheated stock market continues to climb to new heights as investors feed that ...
Jeffrey Bezos owns the most shares of Amazon (AMZN). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.
The usual narrative that explains the wealthy hardly keep most of their funds in the bank has just been affirmed by the world's richest man. Jeff Bezos, the CEO and founder of the most valuable retail company on the planet and believed to be worth $183 billion, keeps about $9.53 billion in cash (5% of his net wealth).
Mark Zuckerberg Latest Holdings Summary
Mark Zuckerberg currently owns a total of 1 stock. Mark Zuckerberg owns 958,000 shares of Meta Platforms Inc (META) as of March 13, 2024, with a value of $471 Million.
What stock does Elon Musk own?
Elon Musk's publicly traded stock investments
Besides Twitter, the only other major publicly traded stock holding Elon Musk owns is electric vehicle giant Tesla. Musk was an early investor, having led the Series A funding round, and he was one of the company's first employees.
Michael Larson (born October 1959) is an American money manager. He is the chief investment officer for the Bill & Melinda Gates Foundation, and Bill Gates' personal fortune through Cascade Investment. He assumed the role in 1994.
Real estate is one of the most common assets among wealthy investors, and Gates is no exception, according to Business Insider. In addition to his estate in Medina, Washington (named Xanadu 2.0) — which took seven years to build for $63 million — he has purchased many other incredible properties.
Microsoft Corp (MSFT. O) co-founder Bill Gates' investment vehicle Cascade Investment LLC has become the largest shareholder in farm machinery maker Deere & Co (DE. N), with a 5% stake, according to a regulatory filing.
Mark Zuckerberg Made Around $9.6 Million Per Hour Or $230.6 Million Per Day In 2023 — His Major Investments Include A 30-Bedroom/Bathroom Compound And Beer-Drinking Wagyu Cattle. Meta Platforms Inc.
References
- https://finance.yahoo.com/news/mark-zuckerberg-made-around-9-170242251.html
- https://www.efinancialcareers.com/news/2023/08/best-bankers-in-the-world
- https://www.kundankishore.in/blog/is-it-possible-to-become-rich-by-stock-trading-do-people-make-enough-out-of-day-trading
- https://money.usnews.com/loans/mortgages/articles/should-i-work-with-a-mortgage-broker
- https://en.wikipedia.org/wiki/Michael_Larson_(businessman)
- https://www.investopedia.com/articles/investing/031113/do-you-dare-sue-your-broker.asp
- https://investor.vanguard.com/client-benefits/flagship
- https://www.experian.com/blogs/ask-experian/pros-and-cons-brokerage-account/
- https://finance.yahoo.com/news/4-surprising-places-bill-gates-185304352.html
- https://www.bhhs.com/about
- https://www.investopedia.com/articles/company-insights/082916/top-5-shareholders-berkshire-hathaway-brka-brkb.asp
- https://www.quora.com/Which-platform-do-billionaires-use-to-trade-stocks
- https://www.fool.com/investing/how-to-invest/famous-investors/jeff-bezos/
- https://smartasset.com/investing/fidelity-vs-schwab
- https://www.bound.co/blog/look-for-in-a-fx-broker
- https://www.bankrate.com/investing/sipc-insurance/
- https://ofdollarsanddata.com/where-do-millionaires-keep-their-money/
- https://tradethatswing.com/the-day-trading-success-rate-the-real-answer-and-statistics/
- https://www.fool.com/investing/2022/10/10/if-you-invested-5000-in-berkshire-hathaway-in-2000/
- https://brokerchooser.com/education/stocks/how-to-buy-shares-online/how-to-choose-a-broker
- https://themilitarywallet.com/best-careers-to-get-rich/
- https://gitnux.org/day-trading-statistics/
- https://www.nasdaq.com/articles/the-bill-melinda-gates-foundation-has-86-of-its-%2439-billion-portfolio-invested-in-just-5
- https://www.quora.com/What-country-has-the-most-Forex-traders-and-FX-trading-companies-brokers
- https://www.nerdwallet.com/article/investing/brokerage-commissions-fees
- https://www.fool.com/the-ascent/buying-stocks/articles/what-happens-if-my-brokerage-fails/
- https://www.bankrate.com/investing/best-online-brokers-for-beginners/
- https://www.investopedia.com/articles/financialcareers/08/broker-ethics-tips.asp
- https://www.dukascopy.com/swiss/english/marketwatch/articles/top-10-most-successful-forex-traders-in-the-world/
- https://www.nerdwallet.com/article/investing/most-expensive-stocks
- https://pitchbook.com/profiles/investor/106263-46
- https://finbox.com/NYSE:BRK.B/explorer/asset_price_return_10y/
- https://www.finra.org/investors/protect-your-money/ask-and-check
- https://www.linkedin.com/pulse/can-i-become-millionaire-trading-forex-trader-forex
- https://warrenbuffettbookreport.weebly.com/weaknessesdownfalls.html
- https://www.quora.com/What-is-a-bad-broker
- https://www.finra.org/investors/need-help/file-a-complaint
- https://www.investopedia.com/ask/answers/05/researchtradingcheap.asp
- https://www.nasdaq.com/articles/how-to-choose-a-brokerage-account-or-online-broker
- https://www.forexbrokers.com/guides/forex-trading
- https://coinpriceforecast.com/brk-b-stock
- https://www.investors.com/news/best-online-brokers-great-service-still-matters-most-for-investors/
- https://money.usnews.com/investing/articles/5-largest-brokerage-firms-of-2024
- https://www.barrons.com/articles/berkshire-class-b-stock-discount-7574d193
- https://bluerock.com.au/resources/9-reasons-to-use-a-broker-instead-of-a-banker/
- https://finance.yahoo.com/news/history-says-buying-berkshire-hathaway-160500951.html
- https://www.finra.org/investors/insights/if-brokerage-firm-closes-its-doors
- https://www.nerdwallet.com/article/investing/warren-buffett-stocks-berkshire-hathaway
- https://finance.yahoo.com/news/15-best-dividend-stocks-buy-200241053.html
- https://www.investopedia.com/best-online-brokers-4587872
- https://www.investopedia.com/online-broker-vs-robo-advisor-7568136
- https://www.aceableagent.com/career-center/national/how-real-estate-brokers-get-paid/
- https://www.hindustantimes.com/business/us-billionaires-sell-11-billion-in-stock-what-are-jeff-bezos-mark-zuckerberg-up-to-is-a-financial-disaster-looming-101710144481684.html
- https://smartasset.com/financial-advisor/where-do-millionaires-keep-their-money
- https://www.fool.com/investing/how-to-invest/famous-investors/elon-musk-investments/
- https://thepatternsite.com/TraderQualities.html
- https://agentsalliance.com/why-agents-and-brokers-are-not-becoming-obsolete/
- https://www.cfr.org/backgrounder/dollar-worlds-reserve-currency
- https://www.timothysykes.com/blog/can-you-owe-money-in-stocks/
- https://en.wikipedia.org/wiki/Warren_Buffett
- https://www.linkedin.com/pulse/top-10-best-forex-traders-world-2024-exness-in-india-buklc
- https://qz.com/warren-buffett-s-and-p-500-berkshire-hathaway-1851264492
- https://www.chittorgarh.com/report/best-online-stock-brokers-for-beginner-investor/35/
- https://www.gurufocus.com/insider/2526/mark-zuckerberg
- https://bulletins.ncrec.gov/the-top-ten-complaints-and-how-to-avoid-them/
- https://fintel.io/i/berkshire-hathaway
- https://www.nasdaq.com/articles/is-berkshire-hathaway-stock-a-buy-3
- https://www.theinvestorspodcast.com/legend-investors-stock-portfolio/bill-gates-stock-portfolio/
- https://market-bulls.com/youngest-richest-forex-traders/
- https://www.fool.com/the-ascent/buying-stocks/articles/heres-how-billionaires-buy-stocks/
- https://www.investopedia.com/articles/professionals/110415/biggest-stock-brokerage-firms-us.asp
- https://www.avatrade.com/education/trading-for-beginners/how-to-choose-a-forex-broker
- https://en.wikipedia.org/wiki/Rakesh_Jhunjhunwala
- https://www.theceshop.com/agent-essentials/real-estate-agent-encyclopedia/starting-a-real-estate-brokerage
- https://www.weltz.law/blog/2023/may/can-you-always-trust-your-stock-broker-/
- https://www.barrons.com/articles/berkshire-hathaway-stock-charlie-munger-e1d37abb
- https://www.5paisa.com/blog/best-traders-in-the-world
- https://poe.com/poeknowledge/1512928000358234
- https://www.investopedia.com/do-i-need-broker-to-buy-stocks-5213282
- https://www.investopedia.com/articles/active-trading/041515/worlds-10-most-famous-traders-all-time.asp
- https://www.chittorgarh.com/report/top_20_share_brokers_in_india_by_clients_at_nse/1/
- https://www.visualcapitalist.com/visualizing-the-investments-of-the-ultra-wealthy/
- https://www.datasciencesociety.net/what-proportion-of-day-traders-find-themselves-profitable/
- https://www.bartleby.com/essay/Adam-Smith-The-Father-Of-Modern-Trade-PKGDE2VZS4PP
- https://money.usnews.com/investing/stock-market-news/articles/should-you-buy-berkshire-hathaway-brkb-brka-stock
- https://www.businessinsider.in/investment/news/a-24-year-old-stock-trader-who-made-over-8-million-in-2-years-shares-the-4-indicators-he-uses-as-his-guides-to-buy-and-sell/articleshow/100606512.cms
- https://www.fool.com/the-ascent/research/largest-stock-brokerage-firms/
- https://www.investopedia.com/financial-edge/1112/advantages-and-disadvantages-of-using-a-mortgage-broker.aspx
- https://www.beefmagazine.com/market-news/bill-gates-is-john-deere-s-largest-shareholder
- https://www.axiory.com/en/trading-resources/basics/best-stock-traders-ever
- https://soundmindinvesting.com/articles/is-my-brokerage-account-safe
- https://www.fool.com/investing/2024/01/27/is-berkshire-hathaway-stock-a-buy/
- https://www.fool.com/investing/how-to-invest/stocks/how-to-invest-in-berkshire-hathaway-stock/
- https://nairametrics.com/2020/12/12/world-richest-man-jeff-bezos-holds-5-of-his-wealth-in-cash/
- https://www.realtor.com/advice/buy/eight-things-to-never-say-when-buying-a-home/
- https://www.investopedia.com/articles/active-trading/101415/6step-guide-making-sure-your-broker-legit.asp
- https://www.bankrate.com/investing/brokerage-reviews/charles-schwab/
- https://investmentfraudlawyers.com/can-brokers-steal-your-money-understanding-broker-fraud-and-protecting-your-investments/
- https://finance.yahoo.com/news/57-7-warren-buffetts-375-112600155.html
- https://www.prepagent.com/article/broker-search
- https://www.nerdwallet.com/reviews/investing/brokers/vanguard
- https://fortune.com/2015/04/01/2-4-million-off-a-tweet/
- https://money.usnews.com/investing/articles/should-investors-have-multiple-brokerage-accounts
- https://www.soldnest.com/blog/what-not-to-tell-your-realtor-when-selling/
- https://www.chittorgarh.com/report/top_10_discount_brokers_in_india_by_clients_at_nse/3/
- https://www.investopedia.com/articles/markets/100115/biggest-risks-investing-berkshire-hathaway-stock.asp
- https://smartasset.com/financial-advisor/what-is-an-investment-broker
- https://www.quora.com/Does-Warren-Buffett-use-a-broker-to-invest
- https://www.investopedia.com/articles/investing/050515/what-happens-when-stock-broker-goes-bust.asp
- https://www.lendenclub.com/blog/best-stock-broker-in-india/
- https://www.bankrate.com/mortgages/mortgage-broker/
- https://finance.yahoo.com/news/got-1-000-5-safest-102100956.html
- https://www.linkedin.com/pulse/lowest-brokerage-charges-india-2023-deepak-singh-5qekf
- https://www.quora.com/What-are-some-signs-that-a-stock-broker-may-be-running-an-illegal-operation
- https://www.tipranks.com/stocks/amzn/ownership
- https://market-bulls.com/richest-traders/
- https://en.wikipedia.org/wiki/Jesse_Livermore
- https://www.fool.com/the-ascent/buying-stocks/articles/should-you-have-more-than-one-brokerage-account/
- https://www.fool.com/investing/2023/12/07/better-buy-berkshire-hathaway-or-vanguard-500-inde/
- https://sinailawfirm.com/broker-lawsuits/
- https://pwskills.com/blog/top-15-stock-brokers-in-india/
- https://www.strike.money/stock-market/best-traders-in-history
- https://smartasset.com/financial-advisor/real-estate-broker-vs-agent
- https://www.investopedia.com/stock-analysis/2012/7-of-the-highest-stock-prices-in-history-brk-b-aapl-seb-nvr1114.aspx