Member-only story
At last count, there were 2,755 world billionaires.
In aggregate, their assets were worth $13.1T.
Some (less than 10%) signed the Giving Pledge, championed by billionaires Warren Buffett and Bill Gates, in which they were asked to give away the majority of their assets.
Most didn’t.
As of January, 2021, there were 231 signatories from 28 countries.
How much is enough?
Well, that depends.
If one uses the 4% rule of Bill Bengen, published in a seminal work about retirement planning in the Journal of Financial Planning in 1994, a nest egg of $10M would yield $400k/year, more than $1k/day, more than enough for most retirees.
But what if you’re not most?
What if you want more?
Let’s be generous.
Take $100M.
Most agree that would be a nice nest egg.
The average Joe on the street would probably be ecstatic to win a lottery ticket worth $100M.
But let’s be even more generous.
Let’s have the billionaires keep 90% of their nest eggs.
What would $1.3T buy?
