Several people have mentioned among others why the rich buy assets in someone else's name, the plausible reasons being avoiding high taxes and importantly privacy reasons where their name is not wanted by many people. I think the rich would know the reason behind it and would not be able to explain the reason to the public... unlike me where buying assets in one's own name is feared to be a dispute that results in personal loss, now in my country there are many land mafias. Its a pretty common legal move.  Rich people set up trusts and shell companies to protect their money and pay less in taxes.  It is not really about privacy, at least not how most people think of it.  Rich folks hide their money so they can hold on to it.  You are hiding yours just to protect yourself.  Thats a totally different situation. Just like rich people set up a foundation, then the money earned from the company is transferred to their foundation to avoid high taxes and this is one of the things I know after seeing videos on Tiktok where rich people often do that. Yeah... obviously it's different from protecting personal money from income, whereas rich people have a large flow of funds, especially if they have many companies, of course the way to protect it is different.
Several people have mentioned among others why the rich buy assets in someone else's name, the plausible reasons being avoiding high taxes and importantly privacy reasons where their name is not wanted by many people. I think the rich would know the reason behind it and would not be able to explain the reason to the public... unlike me where buying assets in one's own name is feared to be a dispute that results in personal loss, now in my country there are many land mafias. Its a pretty common legal move.  Rich people set up trusts and shell companies to protect their money and pay less in taxes.  It is not really about privacy, at least not how most people think of it.  Rich folks hide their money so they can hold on to it.  You are hiding yours just to protect yourself.  Thats a totally different situation. Just like rich people set up a foundation, then the money earned from the company is transferred to their foundation to avoid high taxes and this is one of the things I know after seeing videos on Tiktok where rich people often do that. Yeah... obviously it's different from protecting personal money from income, whereas rich people have a large flow of funds, especially if they have many companies, of course the way to protect it is different.

Several people have mentioned among others why the rich buy assets in someone else's name, the plausible reasons being avoiding high taxes and importantly privacy reasons where their name is not wanted by many people. I think the rich would know the reason behind it and would not be able to explain the reason to the public... unlike me where buying assets in one's own name is feared to be a dispute that results in personal loss, now in my country there are many land mafias. Its a pretty common legal move.  Rich people set up trusts and shell companies to protect their money and pay less in taxes.  It is not really about privacy, at least not how most people think of it.  Rich folks hide their money so they can hold on to it.  You are hiding yours just to protect yourself.  Thats a totally different situation. Just like rich people set up a foundation, then the money earned from the company is transferred to their foundation to avoid high taxes and this is one of the things I know after seeing videos on Tiktok where rich people often do that. Yeah... obviously it's different from protecting personal money from income, whereas rich people have a large flow of funds, especially if they have many companies, of course the way to protect it is different.

Several people have mentioned among others why the rich buy assets in someone else's name, the plausible reasons being avoiding high taxes and importantly privacy reasons where their name is not wanted by many people. I think the rich would know the reason behind it and would not be able to explain the reason to the public... unlike me where buying assets in one's own name is feared to be a dispute that results in personal loss, now in my country there are many land mafias. Its a pretty common legal move.  Rich people set up trusts and shell companies to protect their money and pay less in taxes.  It is not really about privacy, at least not how most people think of it.  Rich folks hide their money so they can hold on to it.  You are hiding yours just to protect yourself.  Thats a totally different situation. Just like rich people set up a foundation, then the money earned from the company is transferred to their foundation to avoid high taxes and this is one of the things I know after seeing videos on Tiktok where rich people often do that. Yeah... obviously it's different from protecting personal money from income, whereas rich people have a large flow of funds, especially if they have many companies, of course the way to protect it is different.