Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 8 months agoNext generation of billionaires collect more wealth from inheritance than from work, says UBSwww.theguardian.comexternal-linkmessage-square69fedilinkarrow-up1537arrow-down19
arrow-up1528arrow-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 · 8 months agomessage-square69fedilink
minus-squareHyperreality@kbin.sociallinkfedilinkarrow-up15·edit-28 months ago 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-down1·8 months agoLook, 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-up3·8 months ago …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.