What is $113 Billion

@porwest (112717)
United States
July 16, 2022 6:13am CST
I am talking about Bill Gates. Right now, according to Forbes, he is the 4th richest man in the world and he has pledged to give away virtually all of his money eventually. Granted, it is a bit of a misnomer. He intends to have accomplished this by the time he is dead—or nearly. So, he will still enjoy riches nonetheless. And there is nothing wrong with that. He clearly earned every penny he has ever made. He wants to donate it all to his own foundation, the Bill and Melinda Gates Foundation which has supported causes like world hunger, disease control, climate change and other issues. I am not going to say anything bad about his efforts or the causes of the foundation. It's his foundation. It's his money. And perhaps some good can come out of it. Besides, passing the money down simply means the money will be spent mostly frivolously on fast cars, vacation homes, jewelry and lavish lifestyles. But it got me to thinking. If Bill Gates decided what he was going to do was change every single life in America? The world? Could he do it? What's $113 billion really? If he gave it all to US. What would that be worth? Less than a hill of beans. If he gave it all away to JUST Americans, each American would get a check for $322.85. If he gave it to every single living person in the WORLD, everyone would get a check for $14.13. $113 billion is, of course, a lot of money. But its real impact is not as great as it may seem when you broaden the scale. Even in terms of the impact of the foundation's efforts, while his cause is entirely noble, and I won't say is not the right thing to do... Its impact will be little if anything in the big picture.
5 people like this
4 responses
@lovebuglena (52144)
• Staten Island, New York
17 Jul 22
He is worth $113 billion? All these famous people that are worth million or billions of dollars, I wonder how much physical money they actually have...
1 person likes this
@lovebuglena (52144)
• Staten Island, New York
17 Jul 22
@porwest Wow! And in the end he is backing out of the deal?
1 person likes this
@porwest (112717)
• United States
17 Jul 22
@lovebuglena Well, he is saying it is because he does not believe Twitter is being truthful about the number of bot accounts.
1 person likes this
@porwest (112717)
• United States
17 Jul 22
Not a lot actually. Most of these rich people have their money tied up in stocks and real estate and other investments. I am sure they have plenty of physical cash. But it's not like they can just write a check. Musk is a perfect example of that. He has $150 billion but he had to get investors and other loans and funding to try to pay the $44 billion he offered to buy Twitter.
1 person likes this
@akanetuk (2132)
16 Jul 22
He was once the richest man on earth but the divorce settlement took a huge chunk of his wealth.
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@porwest (112717)
• United States
17 Jul 22
It usually does. lol. Interestingly, he also said he wants to get off the list entirely.
@NJChicaa (127116)
• United States
16 Jul 22
I have never been a big Bill Gates fan but I do like what he and ex-wife Melinda have done with their foundation--particularly with health and disease control. Here in the US we don't ever worry about malaria but it is a huge issue in Africa. I also really like that they are committing $280 million per year to promote access to modern contraception around the world. So important.
1 person likes this
@porwest (112717)
• United States
18 Jul 22
There are a handful of causes I think are good. Some that you mentioned here. Others are a bit nutty, but that's the sort of thing I expect from a bit of a nutty guy like Bill Gates.
1 person likes this
@LindaOHio (222222)
• United States
17 Jul 22
You could do so much good with that money. I would give a big chunk to St. Jude's Hospital and Shriner's Hospital, our local Humane Society and Pet Shelter, local libraries, Goodwill, Salvation Army....so many options.