A Fool And His Folly! (4 of 5) by Steve Wagers
This content is part of a series.A Fool and his Folly! (4 of 5)
Steve N. Wagers
1. For the past several years Forbes Magazine has listed Bill Gates, founder and CEO of Microsoft Corporation, as the richest man in the world. Based on Microsoft's current stock price, Mr. Gates' net worth is $34.76 billion. To illustrate Bill Gates' net worth, one would go back to March 13, 1986 when Microsoft Corporation went public. Since March 13, 1986 Bill Gates' net worth breaks down to:
$2.06 billion a year
$169.46 million a month
$39.54 million a week
$5.65 million a day
$235,361.23 million an hour
$3,922.68 a minute
$261.51 every four seconds
$65.37 every second
2. To illustrate his wealth another way, imagine an endless line of $1 bills laid end to end. If you began traveling along this line picking up dollar bills on March 13, 1986(the day Microsoft went public), and you wished to accumulate wealth at the same rate Bill Gates has since that date, you would need to travel that line of bills picking them up at 22.91 mph.
3. Since March 13, 1986, Bill has been making money at a compounded interest rate of 35.00% per year. If this rate of return continues, he will become a trillionaire, on Jan. 16, 2014. The U. S. national debt, as of 11/14/2002 was $6.27 trillion. At this current rate of growth, Bill could pay off the national debt on Feb. 27, 2020.
4. According to the U. S. Census Bureau, the population of the world on 11/14/2002 was 6.25 billion. This means that Mr. Gates could give $5.55 to every person on the entire planet. And, he would still have $46, 231,695 left over.
5. To give one final example, if you took Bill Gates wealth in dollars, and again laid them end to end, you would go from the moon and back seven times. (1)
6. I don't know about you, but I kind of feel sorry for the poor old fellow. I don't know how he is going to make ends meet.
7. The fact of the matter is that it matters not how much Mr. Gates, or any other of Forbes Mag ...
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