Why Billionaires Never Retire

Main soch raha tha ki kuch billionaires kabhi retire kyun nahi hote, jabki unke paas luxury mein jine ke liye kai zindagi bhar ka paisa hota hai. Yeh interesting hai kyunki aajkal bohot log retirement ke liye save karne mein struggle kar rahe hain. Kareeb aadhe Americans ke paas koi retirement accounts nahi hain, aur rising cost of living ke saath, millennials ko comfortably retire hone ke liye ek million dollars se zyada chahiye. Millennials, yaani Generation Y, wo log hain jo early 1980s se mid-1990s to early 2000s ke beech paida hue hain. Toh yeh super-wealthy log kyun kaam karte rehte hain? Chalo turant ise bhi dekh lete hain.

Aging Billionaires aur Retirement ka Reluctance

Billionaires older aur richer hote ja rahe hain. Ek global billionaire ki average age ab 63 years hai. Iske bawajood, bohot se log apne later years tak kaam karte rehte hain. Yeh sirf zyada paisa kamane ke baare mein nahi hai; reasons zyada complex hain.

For example, Donald Trump ki aaj $13 billion ki net worth ho sakti thi agar unhone 1988 mein apne $400 million inheritance ko S&P 500 mein invest kiya hota. Iske bajay, unhone business mein active rehna choose kiya. Yeh ek common khasiyat dikhata hai billionaires mein. Woh aksar apne kaam mein engaged rehna pasand karte hain rather than sirf apne investments pe jeena.

Teen Reasons Billionaires Retire Nahi Hote

1. They're Stuck in Their Jobs

• Bohot se billionaires apne jobs mein waise hi stuck hote hain jaise koi aur. Kareeb 69% billionaires ne apne businesses start kiye the, aur baaki inherited wealth ya executive roles ke through rich bane. For example, Steve Ballmer, jo duniya ke sixth richest man hain, inhone apni company start nahi ki. Unhone apna fortune Microsoft ke CEO banne ke baad kamaya jab Bill Gates ne step down kiya. Unka ye role itna crucial tha ki unhone Bills Gates ke almost jitni wealth kama li thi.

• Agar tum ek successful business start karte ho, toh tumhara stake billions ke worth ho sakta hai, par tum retire tabhi kar sakte ho jab tum apne shares ko bechne ka tarika dhundho. Options mein acquisition ya IPO ke through sell karna, enough cash flow generate karna taaki tum dividends le sako, ya apni company ke equity ko loans ke liye collateral use karna. Har ek option time leta hai aur aksar founders ko saalon tak company ke saath rehne ki zarurat padti hai.

2. Psychological Attachment to Wealth

• Billionaires aksar apne wealth se psychological attachment rakhte hain. Founders jo apni companies ko billion-dollar valuations tak le jate hain usually significant acquisition offers ko turn down kar dete hain. Yeh dikhata hai ki woh ya toh apni company mein deeply believe karte hain ya apni wealth ko grow karte dekhne ke liye addicted hain.

• Tom from Myspace ka example lo. Usne platform ko $580 million mein bech diya aur ab comfortable life jeeta hai. Contrast mein, Mark Zuckerberg Facebook ko early stage mein bech sakte the par unhone company ko grow karne ka choose kiya. Yeh selection biasness dikhata hai ki bohot se billionaires sirf financial security ke liye driven nahi hote. Unhe power aur lifestyle ka addiction ho sakta hai jo unke alag alag roles provide karte hain.

• Average CEO kareeb 62.5 hours per week kaam karta hai, jo average salaried employee se thoda zyada hai jo weekly 9 hours unpaid overtime kaam karta hai. Par CEOs typically staff rakhte hain domestic routine tasks or duties handle karne ke liye, jo unke kaam ko less lacking aur more flexible banata hai.

3. The quality of being powerful of the CEO Role

• Ek major company ke CEO ka role prestigious aur fulfilling hota hai. Isme big strategic decisions lena, high-profile appearances, aur world leaders aur celebrities ke sath interact karna include hota hai. Bohot logon ke liye yeh retiring aur leisure life se zyada appealing hota hai.

• Consider karo Bernard Arnault, duniya ke richest man. Woh 75 ke hain aur ab bhi LVMH ke active chairman aur CEO hain. Typical retirement age ke baad bhi woh kaam kar rahe hain, jo dikhata hai ki itne powerful role se step away karna kitna mushkil hota hai. Ek Fortune 500 company ke CEO ka job individual ke liye tailored hota hai, jo ise give up karne mein hard banata hai. Unhe flexibility, high pay, aur sense of importance milti hai, employees ke surrounded jo unhe admire karte hain.

The Myth of the Young Entrepreneur

Popular belief ke opposite, successful entrepreneurs typically young nahi hote. Ek successful company founder ki average age 45 hoti hai. Ek company ko billion-dollar valuation tak scale karne mein average 5.5 saal lagte hain. Buyer dhundhne aur sale complete karne mein ek saal se zyada lag sakta hai, aur earnout periods ise aur extend karte hain. Toh, bohot se founders nearly 60 ke hote hain jab woh apni businesses se door hone ke baare mein soch sakte hain.

Media aksar young entrepreneurs ko glamorize karte hai, par most successful business founders already kaafi experienced hote hain. Toh yeh myth young aspiring entrepreneurs ke liye unrealistic expectations set karta hai.

Conclusion

Billionaires kai reasons ke liye kaam karte rehte hain, including being stuck in their roles, psychological attachment to their wealth, aur unke prestigious positions ka allure. Chahe unke paas zyada than enough paisa ho, woh retire nahi karte kyunki woh deeply invested hote hain apne kaam aur lifestyle mein jo yeh roles afford karte hain.

Hum mein se most ke liye, financial security ek distant goal rehta hai, par yeh samajhna important hai ki extreme wealth achieve karne wale log bhi work aur retirement ke complex decisions face karte hain. Yeh dynamics ko samajhke, hum apne financial aur career paths ko better navigate kar sakte hain.