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[–] 5 points 1 year ago (8 children)

When you're earning $26M/year, it's just a matter of time.

It still takes 40 years.

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  • [–] 9 points 1 year ago* (last edited 1 year ago) (2 children)

    The S&P doubled in the last five years and more than tripled in the last ten. Pocket $20M of that $26M, at $1.6M/mo, while earning around 15% yoy ROI and you're looking at $400M inside a decade.

    Compound interest is propelling already-rich people into the stratosphere.

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  • [–] 4 points 1 year ago (1 child)

    15% yoy is too generous. S&P has averaged 10% p.a. over the past 100 years.

    But yes, compound interest brings the billion target ($20M pocketed @ 10%) down from 40 to 18.8 years.

    But remember, the average CEO tenure is about 7.5 years.

    Getting to a billion through a salary only is very difficult.

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  • [–] 2 points 1 year ago

    Sooner or later he would have been offered the CEO position of a big health tech start-up, it would have grown for a few years, than either gone public or sold for several billion, and he'd be the Billionaire he was angling to be.

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  • [–] 4 points 1 year ago

    He was making that much now, but his salary would have increased steadily, as his immoral policies brought in more profit by murdering their customers. He would have reached Billionaire status far quicker than 40 years.

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