31–40 of 56 posts
Kind of a funny thought.
Bill gates keep selling shares on several companies and donating stuff, also he does not do any "work" anymore, he only do volunteer stuff. Why his net worth keeps increasing?
investments, along with the rate of return to wealth in investment markets being greater than the economic growth rate ( http://www.economist.com/blogs/economist-explains/2014/05/ec... )
Several friends of mine work at the Gates Foundation up here in Seattle and they comment a lot about the pressure they're under to GIVE AWAY the Gates' money faster. There's a running "joke" internally there (Gates himself does not find it funny and puts a lot of pressure internally on the folks responsible) that it's been nearly impossible to outspend Gates' financial gains as his own wealth keeps growing too fast.…
There may internal pressure to "give money away" but I doubt many have the freedom to start writing checks for ...anything.
Bill gates keep selling shares on several companies and donating stuff, also he does not do any "work" anymore, he only do volunteer stuff. Why his net worth keeps increasing?
These lists are pretty arbitrary. They don't include more than $32 trillion hidden in off shore accounts. Putin, Gaddafi, Mubarak, and other third world dicators have many trillions stashed away. That is not even to count the monarchs who practically own entire countries.
I wonder what would anyone do with a trillion dollars... I really can't comprehend this numbers...
I agree, even a billion dollars, as free cash (as opposed to illiquid property holdings) is mind boggling. At IMF .9% interest rates that is $25,000 a day you would have to spend just to spend off the interest income.
Several friends of mine work at the Gates Foundation up here in Seattle and they comment a lot about the pressure they're under to GIVE AWAY the Gates' money faster. There's a running "joke" internally there (Gates himself does not find it funny and puts a lot of pressure internally on the folks responsible) that it's been nearly impossible to outspend Gates' financial gains as his own wealth keeps growing too fast.…
Almost 2000 billionaires. Almost 100 in India. 200+ in China. 500 plus in US. 100 some in Russia. WTH.
And still he could only buy about 10% of AAPL.
[1] http://www.tuaw.com/2014/05/20/what-ever-became-of-microsoft...
to put this in perspective, in January 2014 30 year treasuries were yielding 3.92% (although they have come down quite a bit since then).
These lists are pretty arbitrary. They don't include more than $32 trillion hidden in off shore accounts. Putin, Gaddafi, Mubarak, and other third world dicators have many trillions stashed away. That is not even to count the monarchs who practically own entire countries.
I wonder what would anyone do with a trillion dollars... I really can't comprehend this numbers...
Oh, the couple of billion for Cancer Research, Brain Research, American Indian College Fund, and OpenBSD Foundation would be fun. Also doing a better OLPC.
We all have dreams of what we could do, its another matter of if those dreams would stay with us at that level.