Originally Posted by
ValueNZ
I get what you're saying. Cash probably has little utility to anyone past probably $5-10M, but at the same time having a massive NW means you can do enormous good for the people around you. Family member gets sick? You have the ability to get them private healthcare with no noticeable loss to your NW. It's those sorts of situations where you want deep pockets.
Plus, it gives you the ability to be extremely charitable. Say you're worth $50M at 65 earning 10% a year, you could easily donate $2.5M every year to any charity you want, live large spending 500k whilst travelling the world and still have your NW increase each year. There is no way you could do nearly as much good for society if you were only worth a million.