March 2, 2015
Billionaire they may be, but these surprising facts prove that just like us, they are also humans capable of keeping both the most beautiful and the most astounding truths. One thing these wealthy people have in common is they don’t need to buy long term care insurance. Long Term Care Insurance is a type of coverage that pays for the high cost of long term care which can reach $100,000 per year in some states. This high cost of long term care is a problem for the average person but not the ultra wealthy. This site did a decent job at giving the basic concepts of long term care insurance and who should get it. https://www.ltctree.com/long-term-care-insurance/
The wealthy people of the world with 2-million + of assets generally don’t need to buy Long Term Care Insurance. The rest of us, we do.
Completing the list of billionaires who are over 90 years old, the 99-year-old David Rockefeller’s main source of wealth comes from the banking and oil industry. Being the world’s oldest billionaire by turning 100 on June 2015, David Rockefeller’s wealth greatly superseded that of his other siblings and family members. But if you think the good old billionaire doesn’t have hobbies, you got it all wrong. In fact, he is known to have a collection of beetles that reaches approximately 160,000. Quite a fascination, isn’t it?
Another important organization the Rockefeller’s have set up is a department for Long Term Care Insurance study for here.
The family also has a Alzheimer’s research program they head. Alzheimer’s is the number one claim reason for Long Term Care Insurance so the Rockefellers funding goes a long way to help find a cure for the disease. http://www.rockefeller.edu/research/intercenter/cenzach/
If you think cosmetic surgery is always on our side, think again. This Swiss socialite is rumored to spend millions of dollars to have feline-like features to please her husband, Alec Wildenstein, who loves exotic wild cats. Nonetheless, the multi-million cosmetic surgery did not please Alec. In fact, he was caught sleeping with a 19-year-old Russian model. Jocelyn received an astounding 2.5 billion dollars for their divorce settlement, with an extra allowance of $100 million every year for 13 years.
Being an investor in Facebook and a co-founder of PayPal does not make Peter Thiel take his eyes off his rather eccentric goals. Included in his to-do list is the search for the key to human immortality, artificial intelligence and the creation of oceangoing floating cities. He is firm in his belief that these are important for the sustenance of the human species.
Mr. Thiel will never need to buy long term care insurance but many of his employees will need to do so as they don’t have the money Thiel does.
It would be an embarrassment to scratch Clive Palmer off our list, especially since he is most famous for his grandiose ideologies. This Australian businessman/billionaire had been reported to plan the cloning of dinosaurs to lure more guests into his 5-star resort. When it didn’t work, he customized around a hundred animatronic dinosaurs to make sure his guests in the resort would not be left disappointed. His latest project? A replica of Titanic. This is expected to be completed in the year 2016.
Nobody is perfect—not even millionaires. This is exactly what we can learn from Silvio Berlusconi, an Italian billionaire who faces extreme charges that include fraudulence. But despite of being proven guilty in some cases, the most controversial case against Silvio is having sex with an underage prostitute famously known as “Ruby the Heartstealer”. But even though this man has a bucket-full of charges, he still has a spot on our list of billionaires because of his major stakes in some of the most successful businesses in Italy.
Having the freedom to live your life to the fullest is the most priceless thing on earth, except for Robert Durst who seems to be successful in putting a price on freedom. This billionaire has had a very traumatic childhood as he witnessed his mother commit suicide when he was just 7 years old. It seems that this has really taken a toll on Robert as his wife went missing in the year 1982—and yes, her body was left unfound. When the case was re-opened, Susan Berman, a friend of Robert and a possible witness for the case, has been shot to death. This didn’t stop there as the floating body parts of his old neighbor were found in Galveston Bay. Nonetheless, Robert has been acquitted of murder, thanks to his defense lawyer, Dick DeGuerin. He might be free to roam around in streets, but he is now surrounded by terrified neighbors who are keeping a close watch on him.
This might sound a little strange, but do you know that one billionaire is named God? With a real time net worth of around $4.3 billion, the business tycoon is really taking Moscow by storm. Now, we can say that God is one of us.
There is nothing wrong with frugality, and that is definitely one lesson we can lean from Ingvar Kamprad—one of the richest men in the world. He may be the founder of IKEA and he may be earning more than what he can spend, but this man really knows how to value every cent. In fact, he uses public transportation, recycles teabags and takes home pepper and salt from restaurant chains. To top it off, his very modest home is paired with his 20-year-old Volvo. Beat that!
Cayetana Fitz-James Stuart
Love is the most splendid thing on earth—and yes, it sometimes comes with a cost. This is particularly true in the case of Cayetana Fitz-James Stuart, who chose to give up her wealth by giving her 6 children their early inheritance. This is to prove that her wedding with 61-year-old Alfonso Diaz Carrabantes has nothing to do with any of her money. Crazy it may seem, but this 81-year-old duchess is a living testament of the power of love.
Robert Klark Graham
Ending our list is the revolutionary Rober Klark Graham. The late optometrist is known for creating shatter-proof glasses. But even though this is already a great contribution to the world, he didn’t stop there. In fact, he created his own sperm bank which gave life to about 217 children. Unfortunately, he wasn’t able to receive all the recognition he truly deserved because he died in the most unusual way. He accidentally slipped into his bathtub, got unconscious and drowned himself to death. But even so, his legendary work outlives this tragic incident.
This list may be a mix of the good and the bad and the naughty and the nice, but it is absolutely proof that billionaire or not, we all possess our own eccentricity.
However, most of the world will still be left with trying to figure out how to plan for long term care insurance as most folks are not rich.