I'm sure everyone with big money has a rainy day fund. Most of them have to have a "Flee the country to a non-extradition country" fund. At least the dirty ones do. The legit ones probably have a 10-20% security fund for bad financial decisions or catastrophic market failures. At least I would. Plus some actual physical liquid assets on hand in a secure location. It is hard to say how some of these folks manage to bankrupt themselves. It may be several factors, but ultimately there has to be some serious personality disorders to squander huge sums of wealth.
I'm sure everyone with big money has a rainy day fund. Most of them have to have a "Flee the country to a non-extradition country" fund. At least the dirty ones do. The legit ones probably have a 10-20% security fund for bad financial decisions or catastrophic market failures. At least I would. Plus some actual physical liquid assets on hand in a secure location. It is hard to say how some of these folks manage to bankrupt themselves. It may be several factors, but ultimately there has to be some serious personality disorders to squander huge sums of wealth.