Spend it like a billionaire

Forbes estimates there are over 2,750 billionaires in the world. So should we aspire to this level of wealth over millionaires now?

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Billionaires seems to be the new millionaires, if recent newflow is anything to go by. In February 2021, Bumble founder Whitney Wolfe Herd became the world’s youngest self-made female billionaire following its IPO. Early April saw Kim Kardashian West make headlines after reaching billionaire status, according to Forbes business magazine.

And recently, there’s been a three-way tussle for the title of the world’s richest between Amazon founder Jeff Bezos, Bernard Arnault – the man at the helm of luxury group LVMH – and Elon Musk, co-founder and CEO of Tesla.

Musk made his money in a variety of ways, with most of his wealth in the form of stocks and shares in the companies he founded. Yet I can’t help but daydream what anyone would do with that amount of money, if he were to cash in and have it available at his disposal…

Leasing Options have created a game to help show us regular folk how much (or little) spending affects the super-rich – who knows, perhaps even ‘mere’ millionaires might learn a thing or two!


Whether anyone should be allowed to be a billionaire is a contentious topic, and one I’m going to let others debate. I can’t help but admire the hard work and graft, though, for many of these self-made success stories, especially Ms Wolfe Herd’s.

In the meantime, I’m going to set myself a more achievable goal, and aim to save as much of my £20,000 annual ISA allowance as possible each year. It’s ambitious, but maybe in time I could become an ISA millionaire… and that’ll do me just fine, thanks!

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be considered so you should consider taking independent financial advice.

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