Summary
Many billionaires continue to work well into their senior years despite having enough wealth to retire comfortably. A recent analysis reveals that the average age of billionaires is now 63, with many choosing to remain in their roles due to a combination of financial and psychological factors. Research indicates that a significant portion of billionaires, approximately 69%, are self-made entrepreneurs who feel tied to their businesses, making retirement a complex decision.
Financially, billionaires face challenges in liquidating their wealth. Selling a business or shares often involves lengthy processes, including earn-out clauses that require them to remain involved for several years post-sale. Additionally, the pressure to sustain company growth can deter them from stepping back. Psychologically, many billionaires are driven by a desire to accumulate more wealth or a deep commitment to their companies, making the prospect of retirement less appealing.
The role of a CEO is also less monotonous than typical jobs, offering flexibility and prestige that many find hard to relinquish. With the average CEO working around 62.5 hours a week, the allure of high-profile decision-making and influence keeps many billionaires engaged in their work, even as they approach retirement age.
Show Notes
Why Billionaires Are Refusing To Retire Check out Hostinger. Everything you need to build a website https://hostinger.com/hmw Use code HMW to get 10% off. And check out our suggested book library we built with them - https://howmoneyworkslibrary.com/ Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ My Other Channel: @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #business #finance #billionaire Most people alive today will never be able to retire. Almost half of all Americans report having no dedicated retirement accounts at all, and rising living costs means that millennials will need more than a million dollars saved to retire comfortably. It’s a bleak outlook for most people who will probably be working in some capacity until the day they die. But there are people with enough money to live several lifetimes in extreme luxury without ever needing to work again… and yet they still chose to work, even at the expense of their health, their family life and worst of all… their own net worth… So what is stopping so many billionaires from retiring? According to Bloomberg, the average age of a global billionaire is now 63 years old, and it’s slowly getting older every year, as wealthy people live longer and longer lives. Male billionaires are slightly older at 63.7 years and female billionaires are on average 62.4 years old. Female billionaires have a longer life expectancy than male billionaires but they still trend younger because several have been the beneficiary of an inherited estate or divorce settlement at a younger age. Forbes has also now reported that there are NO billionaires under the age of 30 that are self made… all of them have inherited their wealth. As billionaires are getting older and richer, an ever increasing number of them are also working well into their twilight years. You might think that they are just obsessed with accumulating more wealth. The mental state of billionaires who just need more is a factor that we will get to soon, but for some of them, they would actually be even richer if they took a step back and just enjoyed their wealth. So it’s time to learn How Money Works to find out the three reasons why billionaires refuse to retire. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - --------------------
---------- Keywords: financial news, how money works, hedge funds, stock market, corporate finance, financial planning, economy podcast, market crash Learn more about your ad choices. Visit megaphone.fm/adchoices
More from How Money Works
How To (Semi) Legally Launder Money Sign up for my newsletter https://compoundeddaily.com 👈 The Pandora papers are the latest in a long line on P Papers that have supposedly unmasked the shady dealings of the global elite’s worldwide network of money laundering, tax evasion and corruption. You have no doubt seen the headlines, and if you are following the story closely you are likely thinking that nothing will really come of this. It’s been five years since the Panama Papers were released the world and since then they have been followed up by the paradise papers, as well as a series of smaller leaks ultimately confirming what everybody suspected was going on anyway. Now to an outside observer it is easy to be a bit disheartened by all of this news and simply resign yourself to the fact that these schemes will just happen forever and nothing will really be done to punish the perpetrators. This narrative would certainly be supported by the outlets publishing these stories too, because to be honest… outrage sells. But it’s not necessarily the case, and perhaps the best way to see this is to do what no stories on this issue have been willing to do, and that is to unpack how this creative international accounting actually functions. #PandoraPapers #PanamaPapers #howmoneyworks ___________________________________________________________________________ Link to my brand new Patreon 👉 https://www.patreon.com/HowMoneyWorks ❤️ ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR Music by Epidemic Sound Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - --------------------------
Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/DIRMRBV or code hmw50 for 50% Off Monarch Core tier.-----Smoothie King's Video: https://youtu.be/8f1o9-AMau8?si=_BWQiHzdCDH4D_11------Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://www.howmoneyworkslibrary.com/Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig-----My Other Channel: @howhistoryworksEdited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ [email protected] up for our newsletter https://compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#business #finance #money ------https://variety.com/2026/gaming/news/americans-play-video-games-hour-per-week-1236765544/https://www.visualcapitalist.com/wp-content/uploads/2023/08/Datastream-03-Leveling-Up-to-300-Billion-and-Beyond-Main-graphic-Aug-15-2.jpghttps://news.xbox.com/en-us/2026/07/06/resetting-xbox/https://thatparkplace.com/ubisoft-bankruptcy/https://www.pcgamer.com/gaming-industry/ubisoft-closes-another-2-studios-lays-off-hundreds-more-employees/https://edition.cnn.com/2026/07/06/tech/microsoft-layoffs-xboxhttps://www.reuters.com/technology/unity-software-cutting-25-staff-company-reset-continuation-2024-01-08/https://www.statista.com/outlook/amo/media/games/worldwide?currency=USD/#revenue https://www.pcgamer.com/gaming-industry/epic-games-lays-off-more-than-1-000-employees-were-spending-significantly-more-than-were-making-ceo-tim-sweeney-says/https://pressf.ticker.io/https://www.polygon.com/xbox-game-pass-lost-millions-players-price-increases/https://www.techspot.com/news/112906-third-xbox-price-hike-15-months-raises-all.htmlhttps://www.nytimes.com/2025/09/29/business/dealbook/electronic-arts-buyout-jared-kushner.htmlhttps://variety.com/2025/gaming/global/electronic-arts-goes-private-55-billion-deal-1236533827/https://finance.yahoo.com/markets/stocks/articles/2-billion-mess-saw-thousands-175713470.htmlhttps://finance.yahoo.com/markets/stocks/articles/embracer-group-cuts-itself-pieces-142935980.htmlhttp://statista.com/statistics/552623/number-games-released-steam/?srsltid=AfmBOooD_pFEMRGcAAHDdWmovKeaAvzxS8ZazWIfMBjMVa8gmoIkHVAShttps://www.resetera.com/threads/sky-news-the-rise-of-forever-games-and-the-battle-for-consumer-culture.1001460/https://resources.newzoo.com/hubfs/Free%20Reports/PC%20and%20Console%20Report/2025_Newzoo_The%20PC%20and%20Console%20Gaming%20Report%202025.pdfhttps://www.gamedeveloper.com/business/five-takeaways-for-game-developers-from-matthew-ball-s-state-of-gaming-datahttps://www.digitallydownloaded.net/2023/05/sony-appears-to-be-struggling-to-sell-70-games-this-is-an-issue-of-quality-not-price.htmlhttps://www.forbes.com/sites/paultassi/2024/09/21/new-report-says-sonys-concord-cost-400-million-to-make/https://www.zillow.com/news/zillow-launches-zillow-for-warcraft-a-new-way-to-explore-world-of-warcraft-homes/https://www.ign.com/articles/concords-initial-development-deal-was-200-million-but-it-wound-up-costing-sony-much-more-reporthttps://www.tomsguide.com/news/live/sony-acquires-bungie-36-billionhttps://www.forbes.com/sites/paultassi/2026/03/14/destiny-2-has-lost-91-of-players-since-edge-of-fate-97-from-final-shape/https://tech-insider.org/sony-bungie-writedown-765-million-2026/https://finance.yahoo.com/news/sony-finally-admits-bungie-acquisition-130601290.htmlhttps://howtomarketagame.com/2023/09/28/the-missing-middle-in-game-development/ht Learn more about your ad choices. Visit megaphone.fm/adchoices
Yes... People ARE Angry 🔒Remove your personal information from the web at https://joindeleteme.com/HMW and use code HMW for 20% off 🙌 DeleteMe international Plans: https://international.joindeleteme.com Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowHistoryWorks @HowMoneyWorksUncut @HowHistoryWorksUncut Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #finance #economy #money For some reason everybody keeps asking if “you feel better today than you did 4 years ago”, and for many people, the answer is pretty clear… Prices for everything they are buying have stabilized but they haven’t gone back DOWN, The AVERAGE household is now making more than ever before but the MEDIAN household is still worse off in real terms than they were in 2019, which means a lot of people are just falling further behind. That is, they are falling further behind the small group of households pulling the average up, and they are falling further behind on their own personal finances. Household savings have been eliminated while credit card debt has climbed to its highest level in HISTORY, housing is less affordable than ever ESPECIALLY for people who weren’t lucky enough to lock in generationally low interest rates, And the job market has become filled with automated systems, endless interviews and roles that never really existed. Unemployment may be down but that data point completely ignores the millions of people who have simply given up. There are a lot of REAL problems hurting a lot of real people… and the worst possible thing you can do… is tell them how great everything is and how grateful they should be…. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - -----------------------------------
Start your own store with #printify: https://try.printify.com/ba6mdz2kmzmq The first 100 people who use the code HowMoneyWorks will get 15% off their first order!-----Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://www.howmoneyworkslibrary.com/Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig-----My Other Channel: @HowBusinessWorked @HowMoneyWorksUncut @De-Monetised Edited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ [email protected] up for our newsletter https://compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#money #business #bigdata ------Sources: In Orderhttps://www.bbc.com/future/article/20260513-your-car-is-spying-on-you-its-about-to-get-worsehttps://www.usnews.com/news/u-s-news-decision-points/articles/2026-05-04/your-fridge-may-be-spying-on-youhttps://www.tomsguide.com/how-to/how-to-get-an-apple-watch-for-free-through-your-health-insurancehttps://www.pcmag.com/explainers/yes-your-tv-is-spying-on-you-heres-how-to-stop-ithttps://www.wsj.com/tech/ai/reddit-signs-data-licensing-deal-with-openai-14993757https://www.forbes.com/sites/maryroeloffs/2026/08/17/ai-companies-are-buying-and-destroying-antique-books-heres-why/https://www.wired.com/story/amazon-uses-your-twitch-content-to-train-its-ai-how-to-opt-out/https://www.nbcnews.com/tech/security/23andme-goes-bankrupt-millions-peoples-dna-data-sale-rcna197874https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.htmlhttps://awealthofcommonsense.com/wp-content/uploads/2025/07/image-28.pnghttps://time.com/3961676/history-credit-scores/https://www.fastcompany.com/40464730/equifax-has-a-super-shady-history-that-might-explain-its-shady-presenthttps://www.ftc.gov/system/files/ftc_gov/pdf/fcra-march-2026.pdfhttps://www.fico.com/blogs/fico-s-adoption-and-pricing-mortgage-origination-markethttps://www.federalreserve.gov/boarddocs/rptcongress/creditscore/general.htmhttps://ourworldindata.org/cdn-cgi/imagedelivery/qLq-8BTgXU8yG0N6HnOy8g/fbcddeb4-03aa-4632-0712-ba0aa739fb00/w=2160https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/unlocking-the-full-life-cycle-value-from-connected-car-datahttps://theworknumber.com/https://www.consumerfinance.gov/ask-cfpb/how-long-does-information-stay-on-my-credit-report-en-323/https://www.bu.edu/law/record/articles/2021/closing-the-wage-gaphttps://hbr.org/2025/07/how-ai-assessment-tools-affect-job-candidates-behaviorhttps://internationalbanker.com/technology/the-rise-of-dynamic-pricing-how-algorithms-are-rewriting-the-economics-of-price/https://www.bloomberg.com/news/articles/2026-06-04/jane-street-plans-new-data-center-as-compute-power-runs-scarcehttps://newsroom.haas.berkeley.edu/how-hedge-funds-use-satellite-images-to-beat-wall-street-and-main-street/https://www.grandviewresearch.com/static/img/research/alternative-data-market-size.webphttps://www.edmunds.com/car-news/gm-killed-program-that-sold-driving-data-to-insurance-companies.htmlhttps://nypost.com/2024/03/12/business/your-car-is-spying-on-you-and-upping-your-insurance-rates-report/https://www.wyden.senate.gov/news/press-releases/wyden-investigation-reveals-new-details-about-automakers-sharing-of-driver-information-with-data-brokers-wyden-and-markey-urge-ftc-to-crack-down-on-disclosures-of-americans-data-without-drivers-consenthttps://www.eff.org/deeplinks/2024/04/how-political-campaigns-use-your-data-target-youhttps://pages.awscloud.com/EMEA-Data-Flywheel.htmlhttps://www.pbs.org/newshour/science/dna-anc Learn more about your ad choices. Visit megaphone.fm/adchoices
The Golden Age of the Middleman Sign up for Morning Brew today for your daily news briefing by using my link 👉🏻 https://morningbrewdaily.com/hmw https://howmoneyworkslibrary.com/direct-the-rise-of-the-middleman Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ Modern MBA Vid on DTC: https://youtu.be/WcNbIm0fRxk?si=A69oMSjv3sen9x2k My Other Channels: @HowHistoryWorks @HowMoneyWorksUncut Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #business #finance #economy The art of good business is being a good middleman… The biggest companies that you have never heard of make billions of dollars every year by inserting themselves as wholesalers, distributors, licensors or aggregators getting between you and the factories that make your stuff. The only problem is… everybody kinda hates middlemen… which is why ENTIRE industries have been created from the ground up to “cut them out” by offering direct to consumer, peer to peer, direct selling, disruptive, streamlined, outlet, platformed solutions to make consuming… everything… an easier, faster and cheaper experience. The only problem is… it never really works, and in our venture capital fueled rush to cut out the middleman, we have just created even bigger ones. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ----------------------------