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He won't have given away 70% of his wealth. If he gave away a dollar at the beginning that is 10 dollars that dollar didn't turn into etc.
by willvarfar 1y ago
He won't have given away 70% of his wealth. If he gave away a dollar at the beginning that is 10 dollars that dollar didn't turn into etc.
- monooso 1y agoAFAIK he didn't give it all away in one lump sum at the start.
- DavidSJ 1y agoFirst giving away X% and then getting a Y% return on investment has exactly the same effect on his wealth as first getting a Y% return and then giving away X%. So to determine X, we can just ask how much money he’d have now had he not given any away, and it looks like he has about 70% less than that.