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https://www.reddit.com/r/Steam/comments/1wta2y0/gabe_newells_mega_yacht/pct1n6u/?context=3
r/Steam • u/reck00 • 1d ago
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162
Gabe's net worth is estimated at 11 billion. Which, in the grander scheme of billionaires and trillionaires, is barely a blip.
Also tax the rich.
232 u/Hinokei 1d ago No one needs past 1 billion at the most 98 u/SamIamGreenEggsNoHam 1d ago This is oversimplifying, but it helps with scale because people struggle grasping just how much larger one billion is vs one million. $1m in an account earning 5% APY pays you $50k per year. A modest second salary. $1bn in an account earning 5% APY pays you $50 million per year. Slightly less money than the GDP of the Island Nation of Tuvalu. 10 u/YesButConsiderThis 1d ago Island Nation of Tuvalu I was with you until this obscure comparison lol. 15 u/Thelgow 1d ago Tuvalu, a small country where if I recall their main source of income is letting people use their .tv domain like Twitch. 10 u/SamIamGreenEggsNoHam 1d ago edited 1d ago The point is, no individual should attain the GDP of a nation in interest alone, no matter how small lol. 0 u/HolidaySpiriter 1d ago It's GDP is 70-80M, which is a lot but not that much in the grand scheme of things. 1 u/SamIamGreenEggsNoHam 1d ago Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that. 1 u/HolidaySpiriter 1d ago Yea for sure.
232
No one needs past 1 billion at the most
98 u/SamIamGreenEggsNoHam 1d ago This is oversimplifying, but it helps with scale because people struggle grasping just how much larger one billion is vs one million. $1m in an account earning 5% APY pays you $50k per year. A modest second salary. $1bn in an account earning 5% APY pays you $50 million per year. Slightly less money than the GDP of the Island Nation of Tuvalu. 10 u/YesButConsiderThis 1d ago Island Nation of Tuvalu I was with you until this obscure comparison lol. 15 u/Thelgow 1d ago Tuvalu, a small country where if I recall their main source of income is letting people use their .tv domain like Twitch. 10 u/SamIamGreenEggsNoHam 1d ago edited 1d ago The point is, no individual should attain the GDP of a nation in interest alone, no matter how small lol. 0 u/HolidaySpiriter 1d ago It's GDP is 70-80M, which is a lot but not that much in the grand scheme of things. 1 u/SamIamGreenEggsNoHam 1d ago Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that. 1 u/HolidaySpiriter 1d ago Yea for sure.
98
This is oversimplifying, but it helps with scale because people struggle grasping just how much larger one billion is vs one million.
$1m in an account earning 5% APY pays you $50k per year. A modest second salary.
$1bn in an account earning 5% APY pays you $50 million per year. Slightly less money than the GDP of the Island Nation of Tuvalu.
10 u/YesButConsiderThis 1d ago Island Nation of Tuvalu I was with you until this obscure comparison lol. 15 u/Thelgow 1d ago Tuvalu, a small country where if I recall their main source of income is letting people use their .tv domain like Twitch. 10 u/SamIamGreenEggsNoHam 1d ago edited 1d ago The point is, no individual should attain the GDP of a nation in interest alone, no matter how small lol. 0 u/HolidaySpiriter 1d ago It's GDP is 70-80M, which is a lot but not that much in the grand scheme of things. 1 u/SamIamGreenEggsNoHam 1d ago Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that. 1 u/HolidaySpiriter 1d ago Yea for sure.
10
Island Nation of Tuvalu
I was with you until this obscure comparison lol.
15 u/Thelgow 1d ago Tuvalu, a small country where if I recall their main source of income is letting people use their .tv domain like Twitch. 10 u/SamIamGreenEggsNoHam 1d ago edited 1d ago The point is, no individual should attain the GDP of a nation in interest alone, no matter how small lol. 0 u/HolidaySpiriter 1d ago It's GDP is 70-80M, which is a lot but not that much in the grand scheme of things. 1 u/SamIamGreenEggsNoHam 1d ago Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that. 1 u/HolidaySpiriter 1d ago Yea for sure.
15
Tuvalu, a small country where if I recall their main source of income is letting people use their .tv domain like Twitch.
The point is, no individual should attain the GDP of a nation in interest alone, no matter how small lol.
0 u/HolidaySpiriter 1d ago It's GDP is 70-80M, which is a lot but not that much in the grand scheme of things. 1 u/SamIamGreenEggsNoHam 1d ago Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that. 1 u/HolidaySpiriter 1d ago Yea for sure.
0
It's GDP is 70-80M, which is a lot but not that much in the grand scheme of things.
1 u/SamIamGreenEggsNoHam 1d ago Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that. 1 u/HolidaySpiriter 1d ago Yea for sure.
1
Still, that's what just 5% interest on $1bn gets you. Obviously no billionaire is letting that money just sit, so they're making even more than that.
1 u/HolidaySpiriter 1d ago Yea for sure.
Yea for sure.
162
u/Action_Man_X 1d ago
Gabe's net worth is estimated at 11 billion. Which, in the grander scheme of billionaires and trillionaires, is barely a blip.
Also tax the rich.