Musk, Bezos, Arnault, Ortega: Why do they avoid bank deposits?

Billionaires like Elon Musk, Jeff Bezos, Bernard Arnault, and Amancio Ortega manage their money in ways that differ significantly from the average person. While most people rely on bank savings accounts, the super-rich often consider them unprofitable.

The reasons include the taxation of interest income, which reduces the real return after deducting inflation. Furthermore, liquidity is not a problem for them, and they do not need traditional 'emergency funds'. Instead of deposits, they invest in private businesses, real estate, private equity, and stocks.

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