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