, 2022-07-05 11:10:46,
The traditional, romanticized impression of the world’s wealthiest individuals is clear. Influenced by popular culture, members of the public lean towards The Wolf of Wall Street-sized properties and corporate meetings in mirrored tower blocks when they think of billionaires.
But the way people make large amounts of money is changing, and the way that money is spent is changing too. Where once fortunate people would climb the corporate ladder to take on swathes of responsibility and capital, the ability to become wealthy has been somewhat democratized with the rise of cryptocurrency and self–made internet personalities. People who cater to the deepest desires of billionaires, such as Jonny Dodge, have identified the trends in tycoon tendencies as they become more ambitious.
Age is just a number
The age of the world’s billionaires may be changing, but the wealth of young tech entrepreneurs is keeping up with the conventional capital of their older counterparts. Companies in the luxury sector are beginning to open up to blockchain and alternative payment methods to enable a financial influx from the new affluent generation.
Cryptocurrency and opportunities in Web3 are, inherently, the playground of this internet cohort. The impact has been a significant trend towards high net worth figures emerging at earlier ages, thus influencing billion-dollar spending habits.
“In the last two years, the average age of a superyacht owner has dropped by 10,” Dodge outlined. “It used to be people in their 40s and 50s that could afford these luxury items; now it’s people in their 30s and 40s. That shift is mainly due to the Web 3.0 and emerging tech such as A.I boom and the evolving design, use, and attraction of yachts.”
A new nomadic lifestyle
Alluded to earlier…
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