Perspective - Bill Gates' wealth as compared to yours...
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From: Peter Langston <psl>
Date: Sat, 1 Nov 97 11:36:03 -0800
Subject: Perspective - Bill Gates' wealth as compared to yours...
Forwarded-by: Bob Stein <email@example.com>
Forwarded-by: "Garrett, Robin" <firstname.lastname@example.org>
Examine Bill Gates' wealth compared to yours:
Consider the average American of reasonable but modest wealth. Perhaps he
has a net worth of $100,000. Mr. Gates' worth is 400,000 times larger.
Which means that if something costs $100,000 to him, to Bill it's as though
it costs 25 cents. You can work out the right multiplier for your own net
So for example, you might think a new Lamborghini Diablo would cost
$250,000, but in Bill Gates dollars that's 63 cents. That fully loaded,
multimedia active matrix 233 MHZ laptop with the 1024x768 screen you've been
drooling after? A penny. A nice home in a rich town Palo Alto, California?
Two dollars. That nice mansion he's building? A reasonable $125 to him.
You might spend $100 on tickets, food and parking to take your family to
see an NHL hockey game. Bill, on the other hand, could buy the team for
100 Bill-bills. You might buy a plane ticket on a Boeing 747 for $1200 at
full-fare coach. In Bill-bills, Mr.. Gates could buy three 747s. One for
him, one for Melinda and one for young Jennifer Katherine.
Evan Marcus, a Systems Engineer from Fair Lawn, New Jersey who maintains a
Bill Gates Net Worth Page on his web site, notes that Bill could buy every
single major league team in Baseball, Football, Basketball and Hockey for
only about 35% of his net worth -- plenty left over to buy a European sport.
Of course then he wouldn't have around $150 for every person in the USA as
he does now. Nor could he still give $6.70 to every person on the planet.
Marcus suggests that Bill could pay Michael Jordan's 1997 salary only 1300
times, but that he could buy 902 million subscriptions to TV guide.
He's also fascinated by how much all this money would be if put into dollar
bills. Laid end to end, the Bills would stretch 3.8 million miles -- to the
moon and back over 8 times. They could paper over all of Manhattan 7 times,
or be stacked 2,690 miles high -- watch out for satellites. They would weigh
40,000 tons -- 100 times the weight of one of those 747s he bought above.
But one thing Marcus says Bill can't do is even dent the national debt.
Should he selflessly donate his stock to the U.S. treasury, he would reduce
the $5.37 trillion national debt by well under 1%.
It's nice to put things in perspective.
© 1997 Peter Langston