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What Does One Billion Dollars Look Like?
According to Forbes, as of early March, 2023 there were 2,640 billionaires worldwide, 735 in the U.S. alone.
These billionaires have each amassed at least one billion dollars worth of assets, including stocks, real estate, and cash — many of them much more than that. Another way of thinking of the example above is that a single billionaire could afford to live comfortably in America, with no additional income, for over 11,000 years (not adjusting for inflation)! And whereas the American government is ostensibly accountable to the public and has a mandate to reinvest the funds it collects towards a democratically determined common good, a private individual has no such oversight or obligation.
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