That’s just rich people on the left, a billionaire is seriously something way more (depressing), and those with 2, 8, 15 billions are IMO mentally ill, for those needing even more … We need a new word for how ill they are.
Most billionaires keep most of their wealth in actual investments (stock, bonds, Caymanian bank accounts, swimming pools filled with gold coins). Though this information is not public, let us assume that only 10% of their wealth is contained within these “lifestyle” objects, which is likely an overestimation. This would give us a total of 7.4 billion USD
Given the actual average wealth of a billionaire to be 5.3 billion USD (reference), I maintain the objects I have described accurately describe what a typical billionaire would be able to afford (if not slightly more than they could afford, actually).
Valmond@lemmy.dbzer0.com 3 weeks ago
That’s just rich people on the left, a billionaire is seriously something way more (depressing), and those with 2, 8, 15 billions are IMO mentally ill, for those needing even more … We need a new word for how ill they are.
MrScruff@lemmy.zip 3 weeks ago
Illionaire
Denjin@feddit.uk 3 weeks ago
New Nas album just dropped
NateNate60@lemmy.world 3 weeks ago
It’s not reasonably possible to own the stuff on the left without being a billionaire. All of that would cost hundreds of millions.
Lost_My_Mind@lemmy.world 3 weeks ago
Right…what he’s saying is that’s not a great measure of BILLIONAIRES if it only costs MILLIONS.
It’s underselling how big the gap really is.
NateNate60@lemmy.world 3 weeks ago
I’m not underselling anything. I believe a quick napkin calculation will show that it’s roughly in the right ballpark.
Total: 741 million USD
Most billionaires keep most of their wealth in actual investments (stock, bonds, Caymanian bank accounts,
swimming pools filled with gold coins). Though this information is not public, let us assume that only 10% of their wealth is contained within these “lifestyle” objects, which is likely an overestimation. This would give us a total of 7.4 billion USDGiven the actual average wealth of a billionaire to be 5.3 billion USD (reference), I maintain the objects I have described accurately describe what a typical billionaire would be able to afford (if not slightly more than they could afford, actually).