<prompt> Human: Ive always just wondered how the super rich lets say people worth 500 million for this instance manage their money. Now Im aware they probably have several people helping them manage their money and what not with regards to investments, but where is the majority of their money held? Certainly these people dont keep checking and savings accounts with immense balances the majority of the time, correct? And if someone is worth millions or lets say billions with a lot of that wealth being investments, how do those investments turn into cash that can be spent?Im just generally curious how the super rich manage their cash and if you broke down their net worth piece of piece, what it would look like.Any insight is helpful. Simply curious is all.  <response>: Yes, they have many people helping them. At that level, it is common to have a family office, a group of people dedicated full time to managing your money, though some just operate as well-serviced clients of investment managers.An insignificant portion of wealthy peoples wealth would normally be in deposit accounts. Deposit accounts are high-risk banks failing is commonplace; this doesnt matter for small, insured balances but does matter above that and low-reward.It varies among rich people where there money is. Oftentimes their wealth was earned through some sort of business and remains invested in their personalfamily business. A lions share of Sergey Brins wealth, for example, is in Google stock. This allows him to continue to guide the company more, allows him to feel more in control to what happens to his wealth, and avoids the negative consequences of him exiting that position.Everyone at that level owns a lot of stock in companies globally and a lot of sovereign debt. The former is high-capacity and a natural place for money to rest; the latter is mostly their to help keep from losing money. Sovereign debt and US treasuries in particular are often held in super-high amounts, but are double-counted, since they are held as collateral or backup funding while the actual investments make heavy use of credit. Everyone also has a lot of money tied up in real estate and expensive things art, etc..Most super-rich people are also invested in non-public companies, financial derivatives futures, options, commoditiescommodities-futures, and currency trading. Derivatives trading is a very powerful way to control returns and to do interesting things with relatively small allocations. Commodities markets and FX have the advantage of being relatively uncorrelated to equities markets, so even if it is hard to get an edge, such investments provide some safety in the face of crashes.As far as turning it into cash, option 1 is borrow and option 2 is sellbuy. Super-wealthy people make heavy use of credit. It allows lots of spending without disturbing their investments when its for purchasing and it allows lots of investment with lower counter-party risk for investing. 