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> It proceeds to say he made about $400000 from the mine in total - hardly a billionaire villain level money. Just to clarify for anyone else wondering, that’s
by dorkwood 4y ago
> It proceeds to say he made about $400000 from the mine in total - hardly a billionaire villain level money.
Just to clarify for anyone else wondering, that’s 400,000USD inflation adjusted for 2021. Converted to South African rand, it’s about 7.2 million.
To put that in context, the average home price in South Africa is about a million rand. So at most they would have been able to buy 7 properties. If they bought in an expensive area, they likely would have only been able to afford 4 or 5.
- dragonwriter 4y ago> Converted to South African rand, it’s about 7.2 million. > To put that in context, the average home price in South Africa is about a million rand. So at most they would have been able to buy 7 properties That’s... not how averages work.
- dorkwood 4y agoIf a house costs a million rand, and you have 7 million, then you can buy 7 of them, right? What am I missing?
- dragonwriter 4y agoIf an average house costs a million rand, and you have 7 million rand, 7 properties is not the maximum you could buy. (If the minimum price was a million rand, then 7 would be the maximum.)
- dorkwood 4y agoOh, I didn’t realise I wrote “at most”. You’re right, that was incorrect.