50 Percent Billionaires Are Prepping to ‘Ride Out The Apocalypse’

Around 50 percent of billionaires have some sort of “apocalypse insurance,” LinkedIn co founder Reid Hoffman said. The insurance can range from an elaborate bunker to a farm in New Zealand.

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How do billionaires prepare for the apocalypse?

More than half of the billionaires I know own private bunkers that they intend to use in the event of an apocalyptic event, Reid Hoffman, one of the founders of the LinkedIn social network, once admitted.

Especially since the beginning of the pandemic, and then due to the outbreak of war in Ukraine, now also in Israel, more and more people are interested in ‘Preppers’, a ‘movement’ that has existed for decades.

The average citizen can save some money, get some cans, “secure” the basement… Those with slightly thicker pockets will perhaps install some kind of bunker underground that can accommodate those closest to them. Always and everywhere ready.

If money is not your problem, but you fear the apocalypse, then there is a whole other world.

Some of you have already heard of bunkers with luxury apartments where you can wait until things are safe on the surface, but they are popular with millionaires. Billionaires don’t share a bunker with hundreds of other families. But a bunker doesn’t mean anything to you if you’re stuck somewhere in a meeting… You need to get to a safe zone somehow. One of the directors of a large investment fund admitted in an anonymous interview to the New York Times that 24 hours a day, wherever he is, there is a helicopter and a pilot near him ready to take him to his underground bunker.

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Steve Huffman, one of the founders of Reddit, furnished his home in San Francisco with guns and motorcycles, and also had vision surgery to increase his chances of survival in the event of an apocalypse.

Yishan Wong, the one-time director of Reddit, underwent the same surgery.

‘System collapse brings chaos’

The former director of Yahoo, Marvin Lao, started practicing archery because he is afraid of the apocalypse, Antonio Garcia Martinez, one of the former key people of Facebook, bought a large island equipped with solar panels, where he keeps a large amount of weapons… And these are only those who admitted that preparing for something…

As Hoffman said, there are more reasons to prepare, The New Yorker writes. They’ve been working on technologies that will replace a lot of human labor for a long time, so they’re afraid that the masses won’t attack them.

Another reason is political unrest. A system crash would cause chaos,” Hoffman said.

New Zealand utopia

One location is particularly popular with billionaires from all over the world – New Zealand. They bought up so much territory on which they built their underground bunkers, that the New Zealand government had to change its laws.

“New Zealand is already a utopia,” said Peter Thiel, an entrepreneur whose fortune Forbes estimates today at $6.1 billion.

Back in 2011, he managed to ‘buy’ New Zealand citizenship. He also said he had an ‘exit route’ that could lead him to his New Zealand estate, but, as expected, he declined to reveal details.

And why New Zealand?

Well, according to Business Insider, Thiel was inspired by James Dale Davidson’s 1997 book How to Survive and Succeed in an Apocalypse. In it, New Zealand was mentioned as an ideal location for surviving the apocalypse. The book is about a group of individuals who would hide from the collapse of society, wait for the chaos to pass, and then set out to build and rule again.