Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 2年前Next generation of billionaires collect more wealth from inheritance than from work, says UBSwww.theguardian.comexternal-linkmessage-square70fedilinkarrow-up1543arrow-down19
arrow-up1534arrow-down1external-linkNext generation of billionaires collect more wealth from inheritance than from work, says UBSwww.theguardian.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 2年前message-square70fedilink
minus-squareHyperreality@kbin.sociallinkfedilinkarrow-up15·edit-22年前 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.
minus-squareteichflamme@lemm.eelinkfedilinkEnglisharrow-up12arrow-down1·2年前Look, I hate to say it but Elon earned his money by working 370,000 times harder than the rest of us
minus-squareohitsbreadley@discuss.tchncs.delinkfedilinkEnglisharrow-up3·2年前 …by working 370,000 times slaves in his daddy’s emerald mine harder than the rest of us. Fixed that for you.
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
3.74.28 million years .e: updated Musk number.
Look, I hate to say it but Elon earned his money by working 370,000 times harder than the rest of us
Fixed that for you.