"Good fortune struck twice this weekend," said Cramer, "there's the mysterious winner of the $590 million dollar Powerball and David Karp who will pocket hundreds of millions for the sale of Tumblr to Yahoo!"
With these two individuals immediately coming into substantially more money than they had last week at this time – at least so we think – it seemed like an appropriate time to examine how to invest like the ridiculously rich.
Like F. Scott Fitzgerald once said, the rich aren't like the rest of us.
As investors, they don't need to take risk to make money, they only need to preserve their wealth. And Jim Cramer thinks the greatest risk to wealth preservation right now is the easy money initiatives underway all around the world.
"If you're rich you have to worry about inflation eating into your wealth," said the Mad Money host. Therefore Cramer recommends the following: high end real estate & paintings. "Both of these investments have held their value in times of hyperinflation," Cramer explained. "I'm talking works of art and property ranging from beach front property and raw land to farm land and more."
Cramer said these assets were able to retain value in the aftermath of the Weimer Republic, and if they could do that, they should be able to withstand what's happening now.