That means with 1 million, you can burn 1 dollar/euro per second for 11 days. With 1 billion, you could do that for 32 years. Bezos aka amazon dude is worth more than 100 billion...
A million seconds is 12 days. A billion seconds is 31 years.
If someone had the luck to be able to save 100% of a six-figure salary (say, $100,000/year in this case), it would take 10 years to save up 1 million. It would take 10,000 years to save up 1 billion.
Billionaires should not exist. Not in a perfect world, and certainly not in our imperfect one.
So apparently, the 400 richest Americans have a combined wealth of around $3 trillion.
That's also over twice as much as would be needed to meet all the UN's Global Goals for sustainable development. For everyone, including the world's poorest.
0.00000005128% of the world's population could make literally everything better for all 7.8 billion of us. But they don't.
@gemlog that's clearly because the market is the most efficient way to allocate resources. I can't see any other explanation...
@Antanicus It's 2589 BC. The Egyptians were building the Giza Pyramids. You are immortal, and you are aware of it.
You had $0. You decided to save up $10,000 every day, never spending a cent, not even for food or shelter.
4609 years later, it's 2020. You still only have only one-fifth the average fortune of the 5 richest billionaires.
17 billion = 4609*365*10k
Ish - do think that little rounding is importante?
One million seconds ago, it was still the start of this month.
One billion seconds ago, it was the 1980s, and the first discussions about the World Wide Web were happening.
One trillion seconds ago, it was the palaeolithic era, around the time when the oldest known cave paintings were made.
(I haven't checked this one)
@Antanicus An average lemon seed is approximately an oblate spheroid with dimensions of around 10×5.5×5.5 mm. One seed has a volume of roughly 0.16 ml.
One million lemon seeds would fill half a bathtub.
One billion lemon seeds would take up almost as much space as two average city busses.
One trillion lemon seeds would fill the main concourse of New York Grand Central Station. (or this one)
@Antanicus billionaire? that's nothing. I have Graham's Number of dollars - that's larger than the number of atoms in the known universe.