Swiss bank favoured by super-rich says 1,000 billionaires are likely to pass on $5.2tn to their children over next 20 years
  • osarusan@kbin.social
    12·
    1 year ago

    I mean, if you inherit a billion dollars, that’s more money than you will ever earn in several lifetimes of actual work… so yeah.

    • Hyperreality@kbin.social
      5·
      1 year ago

      that’s more money than you will ever earn in several lifetimes of actual work.

      Imagine you earn 20 dollars an hour, ten hours a day, work five days a week, two weeks vacation so that’s 50 weeks a year.

      20 x 10 x 5 x 50 = 50,000 per year. All your expenses are covered for some reason.

      To earn a million dollars you would need to work 20 years.

      To earn a billion dollars you would need to work 20,000 years.

      To be as rich as Elon Musk is now, you would need to work 3.7 4.28 million years .

      e: updated Musk number.

    • Blackmist@feddit.ukEnglish
      6·
      1 year ago

      If you earn $100 an hour, and worked every day for 8 hours, and never spent anything, you’d have to have been working since 1400BC to earn a billion dollars.