Comment on [deleted]
NateNate60@lemmy.world 1 day agoIt’s not reasonably possible to own the stuff on the left without being a billionaire. All of that would cost hundreds of millions.
Comment on [deleted]
NateNate60@lemmy.world 1 day agoIt’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 1 day 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 1 day 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).