You’d think billionaires had their own secret ways to communicate with each other. There’s the annual Allen & Company Conference in Sun Valley, Idaho – or the Billionaire Summer Camp – where Silicon Valley’s elite meet every year.
Here the iconic photo of Amazon boss Jeff Bezos was given to the Internet as a present, breaking out of a quilted vest, like Jason Statham in “The Transporter”. Aside from the conference’s signature vests, not much is known about the inner deals that the world’s richest are making behind the scenes, and chances are we will never find out because we are not billionaires.
However, understanding how billionaires stay connected when not seen in person could be a problem.
Shark Tank star and billionaire entrepreneur Mark Cuban is like any other Millennial and Gen Zer – by connecting with others through Snapchat. The only caveat: it’s with a group of billionaires.
Cuban, the owner of the Dallas Mavericks, recently interviewed the Up Only podcast discussing his obsession with the social media platform and how he currently has Snap streaks – also known for being on consecutive days interacted with someone – Microsoft founder Bill Gates and billionaire Warren Buffett.
“We’re like a bunch of us on Snaps (Snapchat),” Cuban said on the podcast on The Daily Hodl. “You know every night I have [a Snap Streak with] Bill Gates or Warren Buffett get my little S for highlights. And Warren Buffett always likes to show his toes and stuff. Chamath [Palihapitiya] (Social Capital CEO and billionaire Bitcoin Bull) tries to join the group, but Bill Gates won’t let him in … “
Cuban said he’s not that hot on messaging apps like Discord or Telegram, but Snap keeps it simple.
“There’s all this competition for entry into the New World Order or the Trilateral Commission, and they don’t let normal people in,” Cuban joked. “We chose to just have our own alternative and that was just a Snap group.”
Unfortunately for those interested in the secret Snapchat group, Cuban skipped those quotes and continued to talk about his career and his game in cryptocurrency.
As for the richest speeches and news in the world (I think we can all live without Warren Buffett’s feet) this remains unknown. However, Cuba’s brief glimpse into his personal life reveals that billionaires are like normal people.
To understand how the richest in the world live, Sarah Stanley Fallaw’s book “The Next Millionaire Next Door: Enduring Strategies for Building Wealth” is a good study of how more than 600 millionaires live in America and how their personal lives make their wealth and success certainly .
“Focusing on goals is related to wealth building regardless of age or income,” Stanley Fallaw told Business Insider. “The decisions we make, particularly about the allocation of our time, energy, and money, affect our ability to become financially independent.”
The main findings of her research included:
- Millionaires spend about five and a half hours a week reading for their free time; the average American spends two hours. (The Cuban himself said he reads about three hours a day.)
- Exercise is great. Millionaires spend about six hours a week on body health, while Americans spend about two and a half hours on average. How can millionaires do so much more exercise? It’s not that they don’t work, but they are not connected to their phones like others.
- The average millionaire spends 2 hours and 30 minutes a week on social media, while the average American spends 14 hours.