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this post was submitted on 30 Nov 2023
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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.
It's closer to more money than your entire extended family will earn in the next 50-100 generations of your family combined.
Good spirit in your comment, but it demonstrates the fundamental disconnect in how humans perceive vast sums of wealth. A YouTube personality, Tom Scott, did one of the best jobs I've seen of making this concept digestible for people, worth a watch: https://m.youtube.com/watch?v=8YUWDrLazCg
Here is an alternative Piped link(s):
https://m.piped.video/watch?v=8YUWDrLazCg
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
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.
Look, I hate to say it but Elon earned his money by working 370,000 times harder than the rest of us
Fixed that for you.
It seems like there is definitely an upper limit to the amount of money you can make from actual work. That doesn't seem fair
Ya don't say
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.
Oh, no. Far, far more than that.
1 billion / 50,000 a year = 20,000 years.
Musk's worth 214 billion / 50,000 a year = 4.28 million years.
I say 214 but apparently it's actually 214.8 billion. That 0.8 billion / 50,000 = 16000 years.