1 Billion, or 1000 Million
27,378.5 years
or in reality 87.63 minutes
Based on some rough calculations the result I got
54 years as Hidden Billionaire then
1 year 7 months as Millionaire w/ fake Billionaire lifestyle
Rough Calculations
First the Tax - say 37% that leaves 670 million
Second, the minimum lifestyle of a billionaire.
(unless you go into business or politics where the risks of bankruptcy, etc. are real)
Take for example the very first expense --> a house; not any house, but what, a Penthouse like Trump's?
Cost of Trump's penthouse: 300 million
( It has 3 floors, 14 year old Barron has the top floor for himself)
So we settle for a modest but well furnished house on a scale of 10 million or so )because what's the point if we cannot entertain Mingle members on weekends). This also requires staff, maintenance, insurance, CCTV level of hi-security, etc., which are all recurring costs
say 2 million annually.
Then, towards in-house entertainment
(one has to give, to receive from society)
2 million minimum, annually
Plus expensive gifts jewelry including proverbial mink coats, lawsuit settlements from women : (@ 2 girlfriends / year)
2 million annually
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So with a 10 million house, there comes a 6 million recurring costs - annually.
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So far okay, but if one's a millionaire, lifestyle demands an additional get-away house.
In other words, twice of all of the above.
Initial cash: 670 million
Less:
Asset: 20 million
Annual recurring costs: 12 million
Technically, the money would last for 54 years (using spreadsheet)
(Interesting that 54 is twice the 27 years ball parked)
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This does not include overseas travel, political donations, annual cruise party, staff loyalty / retirement benefits, medical (due to opulence), inflation
Your figures don't allow for depreciation or inflation.
Assume one sells the get-away house for 10 million
Same billionaire lifestyle, (one cannot get out of that habit) 6 mil recurring then it lasts for 1 year 8 months.
Conclusion: Living at the high end, 1 million dollars lasts 1 year 8 months.
Reality check: There's what's called the Billionaire's sickness. Lot of stories of movie stars who went bankrupt within 2 years when their income stopped.
Unless you are a Mike Tyson, who ran into 60 million in debt --> filed bankruptcy --> continued to live in a mansion --> amount was reduced to 2 million --> finally paid it off in installments and now 'grows and sells his own cannabis brand as well as marijuana-based health products'