this post was submitted on 25 Oct 2024
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[–] lurklurk@lemmy.world 6 points 20 hours ago* (last edited 17 hours ago)

Although if you did earn $5k per day and managed to invest at a yearly return of 3% above interest, you'd have about $41 trillion

At 1% above interest you'd just have $3.6 billion so invest wisely

(edit, corrected the numbers)

[–] Juice@midwest.social 4 points 19 hours ago (33 children)

Okay so then how is he worth that much?

These memes and stories are like, "its unbelievable that Bezos is worth so much money", no it makes perfect sense!

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[–] JackLSauce@lemmy.world -5 points 14 hours ago (2 children)

Linear growth < exponential growth

So... Basic math...?

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[–] DragonsInARoom@lemmy.world -4 points 14 hours ago (1 children)

Did they have computers and future technology back then?

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[–] Annoyed_Crabby@monyet.cc -3 points 1 day ago (6 children)

Huh. Based on this online calculator(https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator), if i earn £5000 everyday in 1493(Cuntopher Columbus start his slave trading voyage in 1492 i think), i would have £1,825,000, which in today money is roughly £1,813,589,780.47, that's just for a single year.

Kinda made me the richest immortal in the world.

[–] KazuchijouNo@lemy.lol 7 points 23 hours ago

I don't think the original poster meant you to 'adjust for inflation'. Good thinking tho!

[–] jaybone@lemmy.world 2 points 23 hours ago (1 children)

Was Columbus trading slaves?

[–] GetOffMyLan@programming.dev 5 points 22 hours ago (1 children)
[–] AnUnusualRelic@lemmy.world 1 points 21 hours ago (2 children)

Didn't everybody back then?

[–] GetOffMyLan@programming.dev 3 points 19 hours ago

I'm sure it was very common. But that's whataboutism and it's definitely worth noting.

[–] iii@mander.xyz 1 points 15 hours ago

Slaves didn't own slaves

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