There was a little boat sitting in English Bay the other day. We stumbled upon it when we were out cruising around the bay.
After a quick little google search, we found out that it belongs to Roman Abramovich, the Russian Billionaire.
Out of sheer boredom, my roommate and I did the math and figured out what Roman makes per second, assuming his 13.3 billion dollar net worth makes him an average of 10% per annum.
42 Dollars USD per SECOND!
Well, it may not be much.. but at least he’s off to a good start.
By the time he wakes up from a night’s rest, he could give away $1.23 million to a lucky passerby and he wouldn’t have any less than he did when he went to sleep. And that’s not counting compound interest.
In 24 hours, he could crown 4 new millionaires. 28 new millionaires per week. One thousand, four hundred and fifty six new millionaires per year without any impact on his net worth.
In the meantime.. I just like looking at his boat.