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The data is from 2013, so by your calculation the person would have had to have made the $10MM in 1998. The stock market has not had 7% returns since then, and
by hkmurakami 12y ago
The data is from 2013, so by your calculation the person would have had to have made the $10MM in 1998. The stock market has not had 7% returns since then, and you haven't considered the impact of taxes and using part of the gains to fund a higher standard of living.
In addition, it was much harder to make $10mm before the .com era.