Now that Biden has stumbled in Iowa some Centrists are looking to Michael Bloomberg to thwart the rise of the Democratic Left. He’s certainly an interesting candidate.
- #8 in the Forbes 400 2019
- #9 in Billionaires 2019 (not quite sure why those are different but I also don’t care)
Forbes estimates his current net worth at $61 Billion. Using a hyper-conservative return on investment of 1.5% (1 Year T-Bills were yielding 1.485% as of writing) that’s merely $915 Hundred Million a year.
That’s kind of a big number. Let me break it down, Hammertime-
That’s-
- $2,506,849 every day
- $104,452 every hour
- $1,740 every minute or
- $29 per second
Depending on how you want to figure it. I like that per second number because it’s easy for a wage earner to grasp but you have to remember it includes all the time he’s asleep or otherwise doing things that might be deemed non-productive and that’s per second.
I charge $35 an hour and it’s really quite reasonable.
So that’s Bloomberg money. $100 Million a Month until the Election? No problem, won’t even notice it.