Billionaires Stash $32 Trillion Offshore

Billionaires Stash $32 Trillion Offshore Play

April 29 (Bloomberg) -- Bloomberg's Matthew G. Miller talks about actions by billionaires to hide assets from tax authorities or provide legal protection from government seizure and lawsuits. More than 30 percent of the world’s 200 richest people, who have a $2.8 trillion collective net worth, according to the Bloomberg Billionaires Index, control part of their personal fortune through an offshore holding company or other domestic entity where the assets are held indirectly. Miller speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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