Will we ever have trillionaires?

21st Annual HRC National Dinner

Do you know what you’d do with a trillion dollars? Would you buy a fleet of private jets or dune buggies or maybe dine on gold-plated chicken wings ? Or would you just withdraw a huge pile of cash and burn it for fun ?

Some sums of money are so large, they defy imagination: a trillion dollars is just shy of Mexico’s gross domestic product. So, for some perspective: to accrue a billion dollars on the median US household income of just under $60,000 would take more than 16,000 years, assuming you spent none of it. To make a trillion would take you over 16 million years.

Apple recently became the first US-listed company with a market value of $1 trillion . So how long will it be before an individual passes the same milestone, and what will they have to do to get so filthy rich?

Continue reading… “Will we ever have trillionaires?”

Top 10 countries with the most billionaires per capita

 

Monaco

According to the list of the world’s billionaires released by Forbes the United States isn’t even in the top 1o.  At the top the list is a tiny country with a relatively small but proportionally large number of billionaires.  That country is Monaco. Monaco has three billionaires—specifically, David and Ezra Nahmad, two brothers who are art “megadealers,” along with Lily Safra, the widow of a wealthy banker.

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