What would happen if Bill Gates gave everyone a million dollars?
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What would happen if Bill Gates gave everyone a million dollars?
He would go broke very quickly. Bill Gates net worth is 84.7 billion, their are 323.1 million people in America. Cash divided by people, everyone gets $262.14 each. If he just started dividing his cash up by millions, it would go to 84,700 people.
How much money could Bill Gates give everyone in the US?
Bill Gates could afford to give the average American adult about $57.80 per year, or alternatively, $49.54 per American citizen per year for five years. This is a very oversimplified calculation that ignores various other fees, taxes and the real life practicality of even giving away $14.4bn per year.
How much would it cost to make everyone a millionaire?
(Spectrem defines a millionaire as someone with a net worth of $1 million excluding the value of a primary residence.) That number is 70.1\% among the billionaire set, according to a 2015 Wealth-X census.
Can Bill Gates give 7 billion people a million dollars?
Your math skills are terrible. Bill Gates is $699,910,000,000,000 short of being able to give 7 billion people a million dollars. What you are suggesting would require 7 quadrillion dollars, Bill Gates doesn’t have even 1\% of that.
The number should be more like $12.But yes, there will be huge repercussions. Bill Gates giving 90 billion away would mean that huge amounts of Microsoft shares are being given away (because Bill’s net worth is in those shares, not in cash).
What would happen to the dollar if everyone had $1 million?
The dollar would be devalued, so the money that you have is pretty much worth the same as what you had before, though the rapid inflation would mess up some people’s loan repayments. Sort of like a syndrome quote “When everyone has $1 million, no one does.” Rapid inflation was my first thought as well.
Why is Bill Gates the second richest person in the world?
Bill Gates, known foremost for his ability to vault over office chairs, also happens to have founded Microsoft, making him the second richest person in the world, according to Business Insider.