3 ms·
Meh people over-estimate the wealth of billionaires. A $1 billionaire can only buy 1000 houses in the bay area for example, and then make something like $6m/yr
by novok 6y ago
Meh people over-estimate the wealth of billionaires. A $1 billionaire can only buy 1000 houses in the bay area for example, and then make something like $6m/yr in rent from it.
If we take all the wealth of the top 100 billionaries and put it towards the US annual budget, it wouldn't fund it for more than a year or two also and then you'd soon be out of billionaires as you go down the list.
Governments are the real 'wealthy' organizations out there.
- mypalmike 6y agoMore like $60m in rent, just FYI.