Poll of the Day > If you earn a million per year it'd still take 1000 years to be a billionaire

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Lokarin
04/06/24 4:13:29 PM
#1:


Woop woop

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agesboy
04/06/24 4:19:08 PM
#2:


if you make a million per year, it'd take a million years to be a trillionaire

musk and bezos are about a fifth of the way there, and given how income inequality seems to be speeding up, that's probably achievable in their lifetimes

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captpackrat
04/06/24 4:52:23 PM
#3:


https://gamefaqs.gamespot.com/a/forum/b/bce864ae.jpg

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darkknight109
04/06/24 5:19:07 PM
#4:


My favourite perspective on how ridiculous the level of wealth the ultra-wealthy control is this one.

If Jesus Christ, circa ~24 AD, decided that he didn't want to go through with the whole "dying for humanity's sins" thing and instead decided to make himself immortal and grant himself a dailystipend of $200,000 - as in, he wakes up every morning, there's another $200k in his bank account - and he didn't spend a single penny of it...

...he would just barely crack the top 5 for highest net worth on the planet. 2000 years times 365 days a year (we'll ignore leap years - they won't make a tonne of difference anyways, since they account for a sub-1% level of wealth on this scale) times $200,000 a day is $146 billion. That slots him in just ahead of Larry Ellison (net worth: $141 billion) on the all time wealth list, but behind Mark Zuckerberg ($177 billion), Jeff Bezos ($194 billion), Elongated Muskrat ($195 billion), and Bernard Arnault ($233 billion).

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PMarth2002
04/06/24 6:41:09 PM
#5:


If you didn't invest any of it, sure. Although even if you do invest, you'd probably need to make a lot of really good investments to hit a billion at just a million per year.

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agesboy
04/06/24 6:55:17 PM
#6:


PMarth2002 posted...
If you didn't invest any of it, sure. Although even if you do invest, you'd probably need to make a lot of really good investments to hit a billion at just a million per year.
it's mostly just an exercise in realizing how absolutely fucking big millions, billions, and trillions are, even with respect to each other

i used to think billionaires were just millionaires that were marginally more successful. no it's a whole ass new league of wealth

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rjsilverthorn
04/06/24 7:18:55 PM
#7:


agesboy posted...
it's mostly just an exercise in realizing how absolutely fucking big millions, billions, and trillions are, even with respect to each other

i used to think billionaires were just millionaires that were marginally more successful. no it's a whole ass new league of wealth
Yeah, I remembered watching this video a while back and it does a good job of driving home just how much difference there is between the two. https://www.youtube.com/watch?v=8YUWDrLazCg
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Zareth
04/06/24 7:27:41 PM
#8:


When I played Diablo 3, the highest level of gems that you could upgrade, took around a million gold.
I had like 500 million and would mash the "upgrade gem" button and still have a shit ton of gold.
That made me realize that a billionaire could easily do the same thing with real life money. "Oh look at these supercars, let's see, I'll take that one, that one, that one, that one..."

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Hejiru
04/06/24 7:55:11 PM
#9:


agesboy posted...
i used to think billionaires were just millionaires that were marginally more successful. no it's a whole ass new league of wealth

You know what the difference is between a millionaire and a billionaire? About a billion dollars.

Best way to drive the point home IMO.

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darkknight109
04/08/24 9:11:43 PM
#10:


Zareth posted...
That made me realize that a billionaire could easily do the same thing with real life money. "Oh look at these supercars, let's see, I'll take that one, that one, that one, that one..."
The way that conceptualized it for me was that you can easily understand how life looks like to a billionaire by just adjusting the prices of everything around you.

Like, let's put the "average" billionaire pay at $600 million a year - that's about 10,000 times the average US annual salary. So in order to figure out how much something costs to a billionaire, pretend you're an average Joe and divide the cost of anything by 10,000.

Ultra-luxury hotel room? Those can be $10,000 a night; to a billionaire, that costs $1 a night. High-end Lambo? The Aventador SVJ Roadster starts at $575,000 - to our billionaire, that's like spending $57.50. Luxury property? $100 mil will get you into the top 25 most expensive properties on the planet; to our billionaire, that's a $10,000 purchase - certainly not something you're doing on the daily, but doable with some saving and planning.

Executive assistant to run your life for you? Pay her the equivalent of $20 a year and you're set. Want a private jet to travel the world in style? For somewhere between $2,000 and $10,000 (plus maintenance and salaries that will wind up being a couple bucks a year to you), it's yours. Perhaps you're the philanthropic sort and want a building named after you? Shell out ~$10,000 and you can buy a decent new hospital for a community in need.

It gets kind of unreal when you start putting real numbers to it.

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man101
04/09/24 4:37:59 PM
#11:


darkknight109 posted...
The way that conceptualized it for me was that you can easily understand how life looks like to a billionaire by just adjusting the prices of everything around you.

Like, let's put the "average" billionaire pay at $600 million a year - that's about 10,000 times the average US annual salary. So in order to figure out how much something costs to a billionaire, pretend you're an average Joe and divide the cost of anything by 10,000.

Ultra-luxury hotel room? Those can be $10,000 a night; to a billionaire, that costs $1 a night. High-end Lambo? The Aventador SVJ Roadster starts at $575,000 - to our billionaire, that's like spending $57.50. Luxury property? $100 mil will get you into the top 25 most expensive properties on the planet; to our billionaire, that's a $10,000 purchase - certainly not something you're doing on the daily, but doable with some saving and planning.

Executive assistant to run your life for you? Pay her the equivalent of $20 a year and you're set. Want a private jet to travel the world in style? For somewhere between $2,000 and $10,000 (plus maintenance and salaries that will wind up being a couple bucks a year to you), it's yours. Perhaps you're the philanthropic sort and want a building named after you? Shell out ~$10,000 and you can buy a decent new hospital for a community in need.

It gets kind of unreal when you start putting real numbers to it.
Now reverse the equation and imagine a billionaire deciding to shell out what is the equivalent of a regular person getting a mortgage. They could mortgage an entire country. Or buy the moon.

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Nichtcrawler-X
04/09/24 5:28:32 PM
#12:


Would take longer than that here.

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KJ_StErOiDs
04/09/24 10:38:22 PM
#13:


Hejiru posted...
You know what the difference is between a millionaire and a billionaire? About a billion dollars.
Simple and so powerful.

Fun fact: Elon Musk purchasing a Bugatti Chiron would impact his fortune about as much as a "normal" person in the US would impact theirs making a purchase from the Dollar Tree.

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adjl
04/09/24 11:01:10 PM
#14:


Accumulating $10,000 gets you about as close to having $100 billion as climbing Everest gets you to reaching the sun.

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Glob
04/09/24 11:01:22 PM
#15:


I made about 2.85 billion last year.

Unfortunately, it was in a currency where that is less impressive.
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captpackrat
04/10/24 6:20:41 AM
#16:


Glob posted...
I made about 2.85 billion last year.

Unfortunately, it was in a currency where that is less impressive.
https://gamefaqs.gamespot.com/a/forum/f/ff74b63c.jpg

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Glob
04/10/24 7:51:37 AM
#17:


captpackrat posted...
https://gamefaqs.gamespot.com/a/forum/f/ff74b63c.jpg

No, VND.
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KJ_StErOiDs
04/10/24 8:40:47 AM
#18:


https://gamefaqs.gamespot.com/a/forum/4/41c26a91.jpg

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captpackrat
04/10/24 2:52:45 PM
#19:


Glob posted...
No, VND.
https://www.youtube.com/watch?v=7OZBbbgk6h8

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Glob
04/10/24 6:35:42 PM
#20:


captpackrat posted...
https://www.youtube.com/watch?v=7OZBbbgk6h8

Not sure what youre going for with that one.
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captpackrat
04/10/24 6:46:59 PM
#21:


Glob posted...
Not sure what youre going for with that one.
I guess we'll just take our millions of Dongs elsewhere.


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Glob
04/10/24 7:02:31 PM
#22:


captpackrat posted...
I guess we'll just take our millions of Dongs elsewhere.

Yeah, I watched the clip. Repeating a line from it doesnt clarify anything.
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