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In developing countries like Nigeria, it is to avoid billing , i mean i'm not even rich but i know the amount of "billings" from people i receive. I don't blame rich people for trying to downplay their wealth. I don't know if it is a global thing or it's Nigerian thing though.
It seems to be a global thing, but very much apparent in Nigeria. We know that people want to stay away from those asking them for money, especially when they know you have some cash to give out.