Question for each participant

[Modar]

I've been asking this question for a long time and still can't find the answer on Google. Topic: Wealth and currency. Question: Why do all the world's Millionaires and Billionaires have their income, savings, capital, wealth in US Dollars (USD) and not in Euros, for example, or Pound Sterling? Why doesn't there exist a Millionaire with a fortune of a million pounds sterling, namely in Dollars? Why are there EXACTLY so many Dollar millionaires and billionaires in the world? Why do they choose the US Dollar to store funds and not another currency? For example, famous people: Bernard Arnault, Mark Zuckerberg, Elon Musk, Bill Gates, Singer Cher, they all have their capital in dollars... What do you think about this?
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[Timgab]

There are couple stuff which makes great reason why it is so: The US Dollar is considered the world's primary reserve currency, held by central banks and financial institutions for international transactions. This gives it a kind of universal acceptance, making it a safe and stable choice for storing wealth.

 

[Nomad]

Do you really think these millionaires and billionaires have stacked paper notes in USD? Mark Zuckerberg's worth is 169 billion USD. Do you think Zuckerberg has $169 billion US dollars in cash? They wealth is measured in USD, they don't have USD in cash.

 

[Riberet19]

Do you really think these millionaires and billionaires have stacked paper notes in USD? Mark Zuckerberg's worth is 169 billion USD. Do you think Zuckerberg has $169 billion US dollars in cash? They wealth is measured in USD, they don't have USD in cash.

True, most wealth is in assets, it is measured in USD because it is the world's reserve currency and it is the main currency of exchange, but the rich have their fortunes mainly in financial assets.