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?

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Zimbabwean Crisis: Z$100 Billion Note Won’t Even Buy You Lunch

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The new note is three zeros short of Germany’s 1924 100-trillion-mark note

If you think the American economy is bad, take heart that it’s nowhere near the ultra-super-hyperinflation in Zimbabwe, once one of the richest countries in Africa. The country’s central bank has recently issued a Z$100 billion note (yes, Z$100,000,000,000).

Continue reading… “Zimbabwean Crisis: Z$100 Billion Note Won’t Even Buy You Lunch”