The richest individuals use a mix of top-tier private banks like J.P. Morgan Private Bank, specialized wealth managers, and major global institutions such as Goldman Sachs and Morgan Stanley, often leveraging their private client divisions for bespoke wealth management, investment, and concierge services beyond typical retail banking. In Australia, Macquarie Bank and Westpac are noted for having a high concentration of wealthy clients, alongside the big four banks' private arms.
9 of The Best Banks For High Net Worth Individuals
While CBA banks many Australians, Macquarie Bank consistently has the wealthiest customers in Australia, with high net wealth per capita, high incomes, and high home ownership, making them a top choice for the affluent, alongside other major players like Westpac, St. George, and specialized private banking arms of banks like NAB.
Morgan Stanley, which has a $2.3-trillion wealth management unit, has tripled its loans to high-net-worth individuals in the last five years. Musk has also been a client of Morgan Stanley's investment bank, hiring it and Goldman Sachs Group Inc.
Industrial and Commercial Bank of China Ltd.
As of 2025, Industrial and Commercial Bank of China (ICBC) is the largest bank in the world in terms of total assets under management.
Tesla bears may not have noticed it, but Tesla profits are forecast to 3x over the next five years. I won't keep you in suspense. The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (TSLA +2.11%) stock five years ago -- and it's a pretty nice return, right?
As of early January 2026, Elon Musk is consistently ranked as the world's richest man, leading lists from Forbes and Bloomberg, with significant wealth derived from Tesla, SpaceX, and his various tech ventures, often holding over $600-$700 billion, followed by tech leaders like Larry Page and Jeff Bezos. His fortune has seen significant growth, making him the first person to reach several multi-hundred-billion-dollar milestones, notes Wikipedia.
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Equities and Stock Markets
The stock market is a primary vehicle for wealth accumulation. The wealthy invest in publicly traded companies, private equity, and hedge funds. Many also hold shares in the companies they own or manage, further increasing their net worth.
You'll earn roughly $330 to $420+ per month on $100,000, depending on the interest rate (e.g., a 4% to 5% Annual Percentage Yield (APY)), with higher rates earning more, and the amount increasing slightly each month due to compound interest. For example, at a 4.2% APY, you'd get about $4,200 yearly ($350/month), while at 5%, it's $5,000 annually ($416.67/month), with actual earnings varying by bank, account type (savings, CD, bond), and compounding frequency.
You can deposit up to $100 million for each account type. With this option, you may receive expanded insurance protection and still have the flexibility to access your funds when you need them. Customers who want FDIC insurance coverage on large deposits and do not require immediate access to funds.
It's generally safe to have $500,000 in one bank if it's a joint account (covered up to $500,000 by FDIC/government guarantee), but for individual accounts, only the first $250,000 is guaranteed, leaving the excess unprotected; to fully insure $500,000 individually, you'd need to spread it across two different banks or use multiple ownership categories like trust accounts at the same bank to maximize coverage.
$10,000 invested for 10 years can grow significantly, potentially reaching around $26,000 with a 10% average annual return (like the S&P 500), but can be as low as $13,500 with 3% (savings account) or $14,800 with 4% (CD), depending entirely on the rate of return, with higher, riskier returns yielding much more, showing the power of compounding.
But if you were smart enough to invest $1,000 in Apple stock at the start of the year 2000, you'd be sitting on a monster gain of 21,230%. This means that modest investment would be worth a whopping $213,000 today (as of July 27).
3 Bank Stocks Warren Buffett Is Heavily Invested In
Largest AMZN Shareholders & Ownership 2025. Amazon is primarily owned by institutional investors who hold approximately 61.68% of shares. The largest individual shareholder is founder Jeff Bezos who has large stock ownership of around ~8.28% of the company.
Here's a look at what your stake would be worth if you'd invested $10,000 in Amazon.com (NASDAQ: AMZN) 20 years ago. Let's get to the answer first: Your investment would now be worth $1,183,328. Yup -- your investment would have increased in value 118-fold.
1. Commonwealth Bank of Australia. Commonwealth Bank dominates the Australian banking landscape as the nation's largest financial institution by every major measure including assets, market capitalisation, deposits and customer numbers.
Despite the rising number of applications and the falling number of internships, the hardest (major) investment bank to land an internship isn't the venerable JPMorgan and its 0.91% acceptance rate or Goldman Sachs and its 0.8%. No, the toughest bank to land an internship at – statistically – is Morgan Stanley.
Macquarie has the wealthiest customers among the larger Australian banks, with customer net wealth per capita at a market-leading $943,000, according to new financial data from Roy Morgan's Wealth Report.