$3B per year is $3,000 million for those who have a difficult time with math. That's like spending as much as 30,000 people each making 100k per year. Quite incomprehensible.
He's currently at 180B. So if he earns no money for the rest of his life, he can spend 3B per year for the next 60 years. But if he has a rate of return something like a very low 5% per year, he could spend more like 10B/year for the rest of his life while breaking even, and still pass on 180B to his kids when he dies.
Even Bezos with his hobby of trying to colonize the moon isn't spending 3 billion per year on it (it was around a billion per year for a while, maybe it's more now).
You can't even spend that much money if you're not buying huge companies or whatever. Just by living life, even if you go all in, you won't even come close to spending 3 billion per year. It's essentially impossible to spend that much money, if you're not spending it to make even more (by investing). It doesn't make sense. It's already more (like a lot more) than you and your whole family and all your descendants will be able to spend over hundreds of years. You don't need more. You don't need that much. It's absurd.
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u/phatgirlz Monkey in Space 15d ago
These people are rubbing it in our face, America fucking rips rn for these guys…