How much money is 1 Billion dollars really? Page #2by Jp
FeedTheVillage.com - Tips and Advice: How much money is 1 Billion dollars really?
How much money is 1 Billion dollars really? Using Mark Zukerberg as an example: The guy is 23 yrs old and keeping the 8 % interest assumption and using the rule of 72** that means that the money would double every 9 years and he did not spend the $80,000,000 a year in interest... Here is what this does: At age 32 he is worth $2,000,000,000 **If you want to break that down simply take the above above breakdown numbers times 2! At age 41 he is worth $4,000,000,000 **If you want to break that down simply take the above above breakdown numbers times 4! At age 50 he is worth $8,000,000,000 **If you want to break that down simply take the above above breakdown numbers times 8! At age 59 he is worth $16,000,000,000 **If you want to break that down simply take the above above breakdown numbers times 16! Here is the kicker - It is reported that he was holding out for $2,000,000,000 and it leaked from Yahoo that they were wiling to pay $1,600,000,000. So what happened? He did sell 1/6th of the company for $245,000,000 which breaks down to $19,600,000 a year in interest (Using the 8% assumption)which is still $53,698.63 a day $2,237.44 and hour and $37.29 a minute IN INTEREST ONLY! The buyer was none other than Bill Gates who in 2007 was worth $56,000,000,000 (down from the once worth of over $100,000,000,000) and he accumulated his wealth over 31 years.
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