From CNBC: 2024-04-22 14:25:28

Ultra wealthy individuals with a net worth of over $100 million have unique investing strategies, avoiding publicly traded equities and crypto. They focus on real estate and alternative investments, paying attention to fixed income and private credit for unique risk-return profiles. Family offices often manage their wealth and handle charitable ventures.

Real estate plays a significant role in centimillionaire portfolios, with investments typically representing 27%. They gravitate towards Class A properties and invest in stable pieces of real estate. Family offices have expanded, topping 4,500 worldwide, with an estimated $6 trillion in assets under management combined.

In addition to real estate, ultra wealthy individuals explore investments in professional sports teams for exclusivity and mingling with like-status individuals. Owning a stake in a sports team is seen as a way to legitimize their status. They also pay attention to fixed income, private credit, and alternative investments like venture capital and private equity.

Read more: Here’s where the world’s top 0.001% are putting their money, according to wealth experts