Have the first trillionaires (or billionaires with their net worth in the high...

VisualMaster
VisualMaster

Have the first trillionaires (or billionaires with their net worth in the high hundreds of billions) already been born?

CodeBuns
CodeBuns

Yep I'm right here :)

New_Cliche
New_Cliche

jej
nt m8

Illusionz
Illusionz

The sistem is made so that no one can obtain a trillion, besides countries themselves.
You can buy a war for a trillion user.

Spazyfool
Spazyfool

If we assume optimistic development of life extension technology and an average 2% annual inflation rate, yes.

SniperGod
SniperGod

Right here lad

Poker_Star
Poker_Star

Satoshi will be a trillionaire when Bitcoin is at $1M

BlogWobbles
BlogWobbles

if you had 1 trillion dollars.
how would you hold onto / keep track of it.

how would you make sure the ppl you trusted weren't walking out the door with millions, hundred millions and even billions a day?

MPmaster
MPmaster

i mean.. you cant hold it all in your pocket.

banks, politicians and lawyers will rip you off for a trillion dollars...

populations will rise up against you for a spare trillion dollars....

there isn't that many spare trillion dollars lying around on earth.
ppl would rather steal and cook books than try to understand how to create new, genuine value.

SomethingNew
SomethingNew

Gaddafi supposedly had $2-300B stashed away in various investment accounts from siphoning oil profits off of Libya for years.

If there is a trillionaire it is probably the Saudi king.

PurpleCharger
PurpleCharger

try trillionaires with their net worth in the high hundreds of trillions, faggot

Boy_vs_Girl
Boy_vs_Girl

Satoshi Nakamoto will become the world's most wealthy individual, and arguably the most powerful. It won't be long now..

Soft_member
Soft_member

Yes, Rockefeller's net worth would've been about $800 Billion when adjusted for inflation. Ganghis Khan's would have extrapolated that by almost $300 Billion.

So I mean, we've had them. They will likely happen again once a new market is born and someone (Not a company) is a vanguard to that industry/sector.

Bill gates is a good modern example: He made about 100 Billion (Before Tax) with Microsoft, because he played his cards wrong. Obviously he's still the richest man in the world, but he could be MUCH richer if he'd done it right.

Microsoft went public in 1986 with a market cap of $778 Million, Bill Gates owned 45% of that, so $350 Million.

Today, Microsoft's Market Cap is $516 Billion, which would mean that Bill's 45% stake would be worth $232 Billion.

But of course he had to turn a LARGE chunk of his stock into cash, just to hoard it. Anyway, if he had sold ALL of it in 1999, when it was fairly high, he would've made about $200 Billion, after taxes, which would just be 15% because of Capital gains, he would have $170 Billion.

Assuming he put it all on the S&P, now he would have 187% of that, or $318 Billion.

That's assuming he didn't fully acquire companies nor any other income. He's just 61 Years, assuming he lives to 95, he would have over $1 Trillion because of Compounded Income.

So, short way of saying it: Bill Gates mismanaged his money HUGELY and still made it to #1 Richest Man.

Same goes for Buffett, but the other way around. He bought majority of Berkshire after IPO, and now it's worth 400 Billion. If he had just bought it completely off and privatized it, he would DEFINITELY have most of that to himself.

So our first Trillionaire will either come when inflation gets extremely high and everyone becomes a Trillionaire, or when the next Vanguard of a new Sector/Great Investor play his cards right.

whereismyname
whereismyname

Satoshi has no problems there.

w8t4u
w8t4u

Hopefully he will use the money for the greater good and adapt every LN into anime.

Gigastrength
Gigastrength

NANI

Sharpcharm
Sharpcharm

oops my old nametag

StonedTime
StonedTime

Interesting. Here's a (You).

farquit
farquit

These companies wouldn't have been as big if Gates and Buffett held their initial shares. Couldn't have happened for Berkshire, and unlikely even for Microsoft. Growth happens from perceived value. Performance helps but so does more people having a stake.

Emberburn
Emberburn

trillion
mtgox
satoshi

likme
likme

Yes, 21BTC+ holders in 10 years.

Methnerd
Methnerd

THERE CAN BE ONLY ONE MCCLOUD!

BinaryMan
BinaryMan

Bill gates is a good modern example: He made about 100 Billion (Before Tax) with Microsoft, because he played his cards wrong. Obviously he's still the richest man in the world, but he could be MUCH richer if he'd done it right.
Houses made of paper are easy to steal.

Once you become a piece of the system it's expensive to protect the account. If the bureaucrat beast can make more money stealing from you than by extorting then it will take everything.

This is beyond the red pill.

Illusionz
Illusionz

I read awhile back that there was 'unlisted' individuals that easily have much more money than that, obviously someone owns the huge multinational corporations, right? Wouldn't those people have way more than a trillion in assets already?

Playboyize
Playboyize

If you're talking about management decisions, they could've gone public partially (Say, 20%) with board seats. Same effect.

Agreed... To an extent.

ZeroReborn
ZeroReborn

I don't think so. Mabe some arab royal family has a trillion total, but it is split between hundreds of "princes"

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