Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 10 months agoNext generation of billionaires collect more wealth from inheritance than from work, says UBSwww.theguardian.comexternal-linkmessage-square69fedilinkarrow-up1542arrow-down19
arrow-up1533arrow-down1external-linkNext generation of billionaires collect more wealth from inheritance than from work, says UBSwww.theguardian.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 10 months agomessage-square69fedilink
minus-squareHyperreality@kbin.sociallinkfedilinkarrow-up5·edit-210 months agoOh, no. Far, far more than that. 1 billion / 50,000 a year = 20,000 years. Musk’s worth 214 billion / 50,000 a year = 4.28 million years. I say 214 but apparently it’s actually 214.8 billion. That 0.8 billion / 50,000 = 16000 years.
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Oh, no. Far, far more than that.
1 billion / 50,000 a year = 20,000 years.
Musk’s worth 214 billion / 50,000 a year = 4.28 million years.
I say 214 but apparently it’s actually 214.8 billion. That 0.8 billion / 50,000 = 16000 years.