8. Wasting Money
Many rich people are misers because they are careful with their money, even though they now have lots of it. However, it is those careful money habits that helped them get rich in the first place. In fact, as their fortune grows, money management becomes more complicated. They must place assets overseas in complicated finance vehicles and investments. It becomes even more important to manage your money carefully, attentively and wisely.
The digital industry is interesting because the top people have achieved seniority without coming up the normal business route. Their interest in tech means they show less interest in the material trappings of power than the technical IT challenge they face. They may continue to display a low desire for material trappings outside of the latest technical machines.
People who invest in businesses often have a broader expectation other than just reasonable profits. Ethical business, employment practices and environmentally-friendly production methods are increasingly important to investors as the internet continues to enforce transparency on businesses. Husbanding of company assets and finance streams has become a complicated job other than simply tallying up operating figures.
The richest people in the world often have money that exceeds the GDP figures of some countries. Their assets are too large to spend in their lifetimes. Coupled with the disparity between the earnings of successfully employed people and those who struggle to find a job only increases the scrutiny of these achievers. It is important for wealthy people to prove they are contributing citizens of the world, so waste is not an option.