4 ms·
> with an annual contribution of €13.61 and a real rate of return of 3%, 400 years of annual compounding would be over €7 million. With a rate of 4% it would be
by nico 2y ago
> with an annual contribution of €13.61 and a real rate of return of 3%, 400 years of annual compounding would be over €7 million. With a rate of 4% it would be €280 million
400 years -> 280M
That gives you a perspective on how insane a billion dollars is. Also wild that any single individual can own that much (and some a lot more!)
- WorkerBee28474 2y ago> Also wild that any single individual can own that much (and some a lot more!) Nobody owns a billion dollars except governments. "Billionaires" usually have ownership of business interests that could theoretically be sold for a billion dollars, but that they generally do not want to sell (because they would rather own and often run the business.).