- The world’s billionaires view money differently than the average person – in more ways than one.
- The typical billionaire could easily afford to spend $US80 million each year, while most Americans earn less than $US60,000.
- We crunched the numbers and found the value of $US1 for the average American equates to $US1,355 for the typical billionaire.
Billionaires are unfathomably rich in the eyes of the average person.
For the typical billionaire, a massive purchase – think: a brand-new luxury car, a once-in-a-lifetime vacation, or pricey college tuition – is just a drop in the bucket.
The median household income in the US is $US59,039 a year, according to the U.S. Census Bureau. With only about 2,000 billionaires worldwide, it’s difficult for the rest of us to understand the power wielded by a 10-figure net worth.
Business Insider crunched the numbers to see how the spending power of the world’s billionaires and average people compares on a dollar-to-dollar basis.
At that rate, the value of $US1 to the average person is the same as $US1,355 to a billionaire. That means the stomach pinch you feel when you drop $US100 on something is how a billionaire feels when they spend $US135,500.
Below, check out the real cost of 12 purchases, and the relative “cost” for someone with a $US2 billion fortune.
Dinner for two at Masa in NYC
Actual cost: $US1,190
Relative cost: $US0.88
Trip to Bali (per person, including flights and hotels)
Actual cost: $US1,500
Relative cost: $US1.11
One week in a suite at the Bellagio in Las Vegas
Actual cost: $US3,360
Relative cost: $US2.48
Annual average household food spend in the US
First class, roundtrip ticket (Etihad Airways, NYC to Sydney, Australia)
Annual rent for a Manhattan apartment ($US3,400/month)
Down payment on a $US256,000 house (US median home price)
One year at Harvard (including tuition, room/board, and fees)
Private jet rental (roundtrip, cross-country flight)
New, fully-loaded Range Rover
New Tesla Model X P100D with Ludicrous Mode
Down payment on $US3.5 million mansion in Malibu, California
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