Understanding the Super Wealthy
What is the difference between a millionaire and a billionaire?
I always found it difficult to comprehend the wealth of the owners and those chartering these yachts. Looking online I found some useful everyday comparisons which show the incredible leap from millionaire to billionaire, way higher than I ever imaged.
Hopefully you will find the below examples useful in helping understand the super wealthy and appreciating the level of wealth of some you may meet.
• One million is a thousand thousands.
• One million is a 1 with six zeros after it, denoted by 1,000,000.
• One million seconds is about 11 and a half days.
• One million pennies stacked on top of each other would make a tower nearly a mile high.
• If you earn $45,000 a year, it would take 22 years to amass a fortune of one million dollars.
• One million ants would weigh a little over six pounds.
• One million dollars divided evenly among the U.S. population would mean everyone in the United States would receive about one third of one cent.
• One billion is a thousand millions.
• One billion is a 1 with nine zeros after it, denoted by 1,000,000,000.
• One billion seconds is about 31 and a half years.
• One billion pennies stacked on top of each other would make a tower almost 870 miles high.
• If you earn $45,000 a year, it would take 22,000 years to amass a fortune of one billion dollars.
• One billion ants would weight over 3 tons - a little less than the weight of an elephant.
• One billion dollars divided equally among the U.S. population would mean that everyone in the United States would receive about $3.33.
Quite a sharp difference, so when talking about millions to run a yacht, for a billionaire this is relative pocket money in comparison.
Next Blog: Deciding whether to work on a super yacht...
Written by Ben Proctor