Inside the deal that made Bill Gates $350M (1986) [pdf]
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Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#2How quaint that $300 Million put you in the "top 100 richest Americans" in 1986. Today, #100 has $5 billion.
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#3How quaint that $300 Million put you in the "top 100 richest Americans" in 1986. Today, #100 has $5 billion.
You'd need to adjust the numbers by inflation to make a fair comparison though.
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#4How quaint that $300 Million put you in the "top 100 richest Americans" in 1986. Today, #100 has $5 billion.
You'd need to adjust the numbers by inflation to make a fair comparison though.
$770,988,654.35 / http://www.calculator.net/inflation-calculator.html?cstartin...
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#5How quaint that $300 Million put you in the "top 100 richest Americans" in 1986. Today, #100 has $5 billion.
You'd need to adjust the numbers by inflation to make a fair comparison though.
$300 million in 1986 is $750 million in today's dollars.
Still seems like the rate of wealth of the richest 100 has exceeded inflation by 8X... Which is fine, just interesting.
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#6How quaint that $300 Million put you in the "top 100 richest Americans" in 1986. Today, #100 has $5 billion.
You'd need to adjust the numbers by inflation to make a fair comparison though.
$350 million (the amount referenced in the article) in 1986 dollars is $760 million in 2015 dollars. [0]
Still quite a bit less than $5 billion.
[0] http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=350.00&year1=19...
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#7Earlier quoted context omitted.
You'd need to adjust the numbers by inflation to make a fair comparison though.
$300 million in 1986 is $750 million in today's dollars. Still seems like the rate of wealth of the richest 100 has exceeded inflation by 8X... Which is fine, just interesting.
Your instincts are correct:
http://www.theguardian.com/books/2013/oct/08/plutocrats-rise...
"Plutocrats: The Rise of the New Global Super-Rich by Chrystia Freeland – review
A necessary and at times depressing book about the staggeringly wealthy"
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#8"...a programmer who received nearly $200,000 plans to use it to expand his working hours by hiring a housekeeper"
I was consulting with MSFT in 1990. During the break, several softies were discussing the intricacies of their stock tracking code. I guess that is one way to fill up those extra working hours.
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#9Earlier quoted context omitted.
You'd need to adjust the numbers by inflation to make a fair comparison though.
$300 million in 1986 is $750 million in today's dollars. Still seems like the rate of wealth of the richest 100 has exceeded inflation by 8X... Which is fine, just interesting.
I wouldn't say it's "fine". The well-documented increasing wealth-inequality is going to be a major problem to solve in the next century. As automation becomes more prevalent, it will only get worse with the money ultimately going to fewer and fewer hands.
Re: Inside the deal that made Bill Gates $350M (1986) [pdf]
#10How quaint that $300 Million put you in the "top 100 richest Americans" in 1986. Today, #100 has $5 billion.
You'd need to adjust the numbers by inflation to make a fair comparison though.
Even that's not right, you need to compare to per capita GDP.
$350 million in 1986 is $750 million in today's dollar, but per capita GDP was just $19.1k in 1986. So $750 million corresponded to 39.2k times the per capita GDP.
Today per capita GDP is $54.6k, so $5 billion is 91.5k times that. Which means that the degree to which the 100th richest person is richer than the average is about 2.3x more than it was 30 years ago.