🗑️ 🧵 How do billionaires even exist?
Anonymous at Fri, 18 Oct 2024 15:32:46 UTC No. 16438088
If you got 50.000 dollars every day it would take you 54.79 years to reach your first billion, more than 5 decades despite you getting 50.000 dollars everyday, and I haven't even calculate any tax detraction or inflation or anything, likely it would take you WAY more than that. But in the world there are 3.194 billionaires, how? Mathematically and rationally it just doesn't make sense to me, especially since it doesn't take them 5-6 decades for them to become billionaires so they must be gaining WAY more than 50.000 dollars/day, I just can't wrap my head around it
Anonymous at Fri, 18 Oct 2024 15:36:04 UTC No. 16438094
>>16438088
They don't have it in cash. It's all mark-to-market net worth which is essentially fiction.
Anonymous at Fri, 18 Oct 2024 15:43:48 UTC No. 16438101
>>16438088
6 billion adults in the world. Write a beautiful poem that makes 20% of them donate an average of $1 to your goshillme account. This is how you convert your arts major to > $1B.
Anonymous at Fri, 18 Oct 2024 15:45:07 UTC No. 16438102
>>16438101
I prefer mini cum chalices to money bets
Anonymous at Fri, 18 Oct 2024 15:48:22 UTC No. 16438106
>>16438102
No money bets are involved. Just a few free, well-aligned words. A favela kid from Chiraq or Gaza could do it for free.
Anonymous at Fri, 18 Oct 2024 15:53:36 UTC No. 16438119
>>16438088
If Musk and Bezos went back to July 4, 1776 and burned a million dollars a day, they would still be billionaires today.
Anonymous at Fri, 18 Oct 2024 15:54:23 UTC No. 16438121
>>16438119
Mouf
Anonymous at Fri, 18 Oct 2024 15:57:42 UTC No. 16438128
>>16438119
No, they'd get jailed for counterfeiting by the end of the first week and summarily hanged for treason.
Anonymous at Fri, 18 Oct 2024 15:58:16 UTC No. 16438129
>>16438088
Geometric growth.
Anonymous at Fri, 18 Oct 2024 16:00:46 UTC No. 16438131
>>16438088
By being conniving, exploitive backstabbers, mostly.
Anonymous at Fri, 18 Oct 2024 16:10:13 UTC No. 16438142
>>16438131
Besides writing a beautiful poem that touches 20% of global adults, you could also simply be born with a $1B trust fund.
Anonymous at Fri, 18 Oct 2024 16:10:23 UTC No. 16438143
So even with the most unrealistic job possible where the monthly salary was as heigh as 50 000 and you did month's worth of work every day including sundays and got the huge salary every day, you would almost be dead from old age before reaching your first ten figures. Then someone like Elon Musk had 44 times as much money when he bought Twitter. It's an absolutely mind boggling amount of money that one individual can have.
Anonymous at Fri, 18 Oct 2024 16:13:28 UTC No. 16438149
>>16438142
>Expectation
20%
>Reality
Pic related
Anonymous at Fri, 18 Oct 2024 16:16:16 UTC No. 16438152
>>16438142
People will just read your poem and never pay you. Many poets/composers have been infamously poor and underappreciated until after their death.
You could make a lot of money off of it, obviously, but becoming a billionaire from it is not really likely at all.
Anonymous at Fri, 18 Oct 2024 16:16:26 UTC No. 16438153
>>16438128
Burning counterfeit currency is not a crime.
Anonymous at Fri, 18 Oct 2024 16:16:39 UTC No. 16438155
>>16438143
You're not paying attention to the correct answers. World birth rate is > 130MM /yr. If you charge $4 per circumcision, you're already a billionair in 1 year.
🗑️ Anonymous at Fri, 18 Oct 2024 16:18:30 UTC No. 16438159
If Elon Musk divided his entire wealth between every person on earth, they would all get more than two dollars or something. You could think it's not much but it's insanse because of two points: there's an insane amount of people on earth, and an insane proportion of them are extremely poor, so even two dollars would be quite a lot.
Anonymous at Fri, 18 Oct 2024 16:18:57 UTC No. 16438161
>>16438152
Not likely but it's a clear and mathematically accurate description of how you could make $1B from nothing,
>>16438153
Possession is.
Anonymous at Fri, 18 Oct 2024 16:19:59 UTC No. 16438164
>>16438159
How would that help anything?
Anonymous at Fri, 18 Oct 2024 16:27:30 UTC No. 16438177
>>16438161
>Possession is.
Also entirely untrue.
Anonymous at Fri, 18 Oct 2024 16:31:43 UTC No. 16438180
>>16438177
Obviously not counterfeit. Whereas $100B of nonconvertible currency issued by a central bank that doesn't exist is obviously counterfeit.
Anonymous at Fri, 18 Oct 2024 16:36:13 UTC No. 16438184
>>16438161
It's not, literally nobody gives a shit about poetry except for a tiny minority of intellectuals in first world countries, and even among this tiny minority most of them will just read your poem and not pay you
Anonymous at Fri, 18 Oct 2024 16:38:52 UTC No. 16438188
>>16438180
The only time counterfeit currency becomes illegal is when you attempt to spend it. Creating, possessing, or burning it violates no law.
Anonymous at Fri, 18 Oct 2024 16:41:50 UTC No. 16438193
>>16438184
It is. Replace poem with sauce recipe and you'll immediately see that the math checks out. Your next post will be a backpedal making you look even dumber than you already look.
Anonymous at Fri, 18 Oct 2024 16:45:36 UTC No. 16438198
>>16438188
How does a billionaire travel to 1776 and not die within a week if they don't spend money?
Anonymous at Fri, 18 Oct 2024 16:53:08 UTC No. 16438214
>>16438198
Wouldn't it be more reasonable to admit that you were wrong?
Anonymous at Fri, 18 Oct 2024 16:56:04 UTC No. 16438225
>>16438161
>Not likely but it's a clear and mathematically accurate description of how you could make $1B from nothing,
By 'not likely' it's basically impossible.
Anonymous at Fri, 18 Oct 2024 16:57:44 UTC No. 16438231
>>16438214
>illegal is when you attempt to spend it
Wouldn't it be more reasonable to admit that your argument was born retarded?
Anonymous at Fri, 18 Oct 2024 16:59:37 UTC No. 16438233
>>16438225
Same as winning the lottery. Yet people do win the lottery and people are billionares.
Anonymous at Fri, 18 Oct 2024 17:02:15 UTC No. 16438236
>>16438231
No.
Anonymous at Fri, 18 Oct 2024 17:05:01 UTC No. 16438241
>>16438236
Try spending that. And see where your argument leads you. Then imagine if you had 100MM more of those hidden in your wall.
Anonymous at Fri, 18 Oct 2024 17:10:49 UTC No. 16438251
>>16438241
>Try spending that.
That WOULD be illegal. See, you learned something today. Good job.
Anonymous at Fri, 18 Oct 2024 17:13:25 UTC No. 16438260
But billionares don't actually exist right? In the sense that nobody actually has a billion dollars in their bank account. They all have billion dollars worth of shares or other assets but not real money.
Anonymous at Fri, 18 Oct 2024 17:16:00 UTC No. 16438265
>>16438260
>Guys, I just learned about Financial Instruments.
>Let me explain to you how they aren't real.
Anonymous at Fri, 18 Oct 2024 17:16:04 UTC No. 16438266
>>16438260
They can just sell those shares and assets and have it in cash if they want to
Anonymous at Fri, 18 Oct 2024 17:17:20 UTC No. 16438270
>>16438251
Literal retard.
Anonymous at Fri, 18 Oct 2024 17:17:54 UTC No. 16438271
>>16438270
Lol
Anonymous at Fri, 18 Oct 2024 17:20:27 UTC No. 16438279
>>16438260
True.
>>16438265
>>16438266
Retards.
Anonymous at Fri, 18 Oct 2024 17:23:11 UTC No. 16438281
>>16438271
>billionaire teleports to 1776
>lives for a week without spending money
You're a literal retard.
Anonymous at Fri, 18 Oct 2024 17:31:12 UTC No. 16438295
>>16438279
''Retard'' is not an argument, you sycophantic maggot. There's nothing stopping them turning their assets and shares into liquidity. This is what Musk did to buy Twatter in fact, he paid 20 billion in cash from selling Tesla stock
https://www.reuters.com/markets/us/
Anonymous at Fri, 18 Oct 2024 17:36:47 UTC No. 16438306
>>16438295
He leveraged his net worth to get a loan from global banks. You are literally a retard.
Anonymous at Fri, 18 Oct 2024 17:39:52 UTC No. 16438311
>>16438306
No moron, he had to pay 20 billion in cash from selling Tesla stock, can you even read you literal retard? The rest of the sum he loaned it from banks. Keep rimming them billionaire asses maggot, also it's not true that billionaires do not have billions in cash, Musk had 3 billions liquid even before buying Twitter
Anonymous at Fri, 18 Oct 2024 17:43:01 UTC No. 16438318
>>16438088
If you had 50.000 dollars and your wealth increased by 10% every day, how long would it take to amass a billion? You should be able to solve this
Nobody becomes a billionaire working a 9 to 5 job. Most billionaires didn't even become billionaires, they inherited wealth accumulated over generations. Those who made their own billions continually reinvest their money getting higher and higher returns.
Waging is a game for fools
Anonymous at Fri, 18 Oct 2024 17:43:33 UTC No. 16438319
>>16438088
Lefties will never understand economics because they beyond dumb retards
Anonymous at Fri, 18 Oct 2024 17:44:36 UTC No. 16438320
>>16438311
>He leveraged his net worth to get a loan from global banks.
>20 billion in cash from selling Tesla stock // The rest of the sum he loaned it from banks.
You are literally the dumbest person in every social circle you trespass on.
Anonymous at Fri, 18 Oct 2024 17:44:56 UTC No. 16438325
>>16438319
You are a fairy right now no joak
Anonymous at Fri, 18 Oct 2024 17:47:32 UTC No. 16438329
>>16438318
No, billionaire wealth is literally the same thing as writing a poem that gets 25¢ per view. It's a penny shaving scheme.
Anonymous at Fri, 18 Oct 2024 17:48:06 UTC No. 16438330
>>16438311
Based retard commie
Anonymous at Fri, 18 Oct 2024 17:50:04 UTC No. 16438332
>>16438325
I see foam dripping from your gaping mouth because you are envious and a loser
Anonymous at Fri, 18 Oct 2024 17:50:21 UTC No. 16438333
>>16438330
He's obviously a cappie not a commie.
Anonymous at Fri, 18 Oct 2024 17:55:48 UTC No. 16438341
>>16438333
I offer you helicopter ride along with him
Anonymous at Fri, 18 Oct 2024 17:56:27 UTC No. 16438342
>>16438341
I offer you machine gun up anus
Anonymous at Fri, 18 Oct 2024 18:00:37 UTC No. 16438347
>>16438342
You commies can't even handle your right arm properly due to cooming to futa and furies. Let alone a real gun
Anonymous at Fri, 18 Oct 2024 18:05:42 UTC No. 16438354
>>16438347
Israel.
Anonymous at Fri, 18 Oct 2024 18:09:23 UTC No. 16438358
>>16438320
I posted proof (the Reuter article and I can post a dozen more articles from financial magazines saying the same), you are just spouting insults because you have nothing and you were embarrassed
Anonymous at Fri, 18 Oct 2024 18:10:28 UTC No. 16438363
>>16438358
You posted proof that I'm right and that you're a moron. Please post more.
Anonymous at Fri, 18 Oct 2024 18:14:07 UTC No. 16438366
>>16438363
Color me surprised the rimming sycophant can't even read:
>According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.
Musk would have needed to raise an additional $2 billion to $3 billion to complete the financing for the deal.
Anonymous at Fri, 18 Oct 2024 18:17:48 UTC No. 16438369
>>16438366
Literal retard.
Anonymous at Fri, 18 Oct 2024 18:25:40 UTC No. 16438379
>>16438369
Lol owned, you literally have nothing other than insults while bitchslapped by facts. Maybe you have a humiliation fetish but thanks for playing
Anonymous at Fri, 18 Oct 2024 18:28:14 UTC No. 16438384
>>16438379
Facts are
> billionaire wealth is literally the same thing as writing a poem that gets 25¢ per view. It's a penny shaving scheme.
and
>>He leveraged his net worth to get a loan from global banks.
>>20 billion in cash from selling Tesla stock // The rest of the sum he loaned it from banks.
>You are literally the dumbest person in every social circle you trespass on.
Facts.
Anonymous at Fri, 18 Oct 2024 18:31:25 UTC No. 16438390
>>16438384
And also the girthest
Anonymous at Fri, 18 Oct 2024 18:33:23 UTC No. 16438396
>>16438390
Not at all, you are mogged to death on girth by all comers.
Anonymous at Sat, 19 Oct 2024 18:03:26 UTC No. 16440065
>>16438088
hmmm
Anonymous at Sat, 19 Oct 2024 18:09:34 UTC No. 16440076
>>16438088
Most billionaires are made billionaires in a matter of days: They are crowned as billionaires when they make a deal with an investment bank, for an IPO. Many reach that stage after a short series of deals for investing from VCs.
Amazon lost money for 20 years while Jeff Bezos was still a billionaire.
Anonymous at Sat, 19 Oct 2024 18:11:12 UTC No. 16440079
>>16440076
Don't display pork beneath swine.