966
Which CEOs are actually worth keeping around? (i.imgur.com)
submitted 1 week ago by TehBamski@lemmy.world to c/microblogmemes@lemmy.world
192 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] MonkeyBusiness@sh.itjust.works 12 points 1 week ago

Reminder, 1 billion dollars is:

  • 1,000 millions
  • 1 million thousands
  • At the highest minimum wage in the world (Denmark @ USD$44,252/year), it would take just under 22,598 years to earn (11.2 Jesuses-ago)
  • If a Dane earning min wage were to work 24 hrs/day non-stop, it would take them just under 4,977 years to earn (2.46 Jesuses-ago).

Billionaires have all that money even after their expenses. It's their "savings account", but their savings account makes much more interest than ours because they are actually invested in the market. If they need money beyond their regular pay, they use their investments as collateral for loans with interest rates lower than investment returns. They're making money even if they are spending it.

this post was submitted on 08 Dec 2024
966 points (100.0% liked)

Microblog Memes

6016 readers
1375 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS
ReadyUser31@lemmy.world
aeronmelon@lemmy.world