What billionaires do in their free time will surprise you

Image source: investopedia.com

Almost everyone knows the success stories of some of the world’s wealthiest individuals but have you ever wondered how their life is like beyond what you see or read about online?

Not surprisingly, just like ordinary folks, high net-worth individuals (HNWIs) also need some time to escape from the everyday routine and pursue their passion outside work – but unlike normal people, they do it on a grander scale.

According to a recent Wealth-X study focusing on ultra-high net worth (UHNW) individuals, these are the top three passions and interests of the planet’s richest people:

  1. Art

Most billionaires possess an exquisite work of art and collecting the world’s rarest visual and artistic creations has been one of the top passions of many ultra-rich people. Some of them invest in thousand to million-dollar worth of art works not just as a way to diversify their portfolio but to simply have the full right to claim ownership to a beautiful masterpiece.

  1. Sports

Just like ordinary individuals, the ultra-rich love sports and they would invest not only their money but also their time just to support their favorite teams. In fact, their passion for the games also make them want to play it themselves. Some examples of popular sports among the wealthy are yachting, football (soccer), golf, tennis, and skiing.

  1. Philanthropy

Topping the list of the most popular hobbies of the uber-wealthy is philanthropy. According to the same study, more than a third of the world’s richest support and organize charitable activities. Many high net-worth individuals have been known to provide generous funding for humanitarian causes, child education, medical research, and even scholarship grants through several foundations. Examples of famous philanthropists are Bill and Melinda Gates, Warren Buffett, Carlos Slim Helú, and Li Ka-shing.