Where do billionaires keep their money?

N

NanoTick

Now since FDIC only covers $100K, so someone with $100M cash mush have 1000 accounts to keep his money safe? How does it work?
 
tbills, money market accounts, foreign bank accounts in aaa countries, cdars.

bear in mind, billionaires have most of their equity tied up in a business or stock
 
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