Five@slrpnk.net to Luigi Mangione@lemmy.worldEnglish · 3 months agoLuigi Mangione Eligible for the Death Penaltyimagemessage-square81linkfedilinkarrow-up11.56Karrow-down112
arrow-up11.55Karrow-down1imageLuigi Mangione Eligible for the Death PenaltyFive@slrpnk.net to Luigi Mangione@lemmy.worldEnglish · 3 months agomessage-square81linkfedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up4·3 months ago15% yoy is too generous. S&P has averaged 10% p.a. over the past 100 years. But yes, compound interest brings the billion target ($20M pocketed @ 10%) down from 40 to 18.8 years. But remember, the average CEO tenure is about 7.5 years. Getting to a billion through a salary only is very difficult.
minus-squareBarneyPiccolo@lemmy.todaylinkfedilinkarrow-up2·3 months agoSooner or later he would have been offered the CEO position of a big health tech start-up, it would have grown for a few years, than either gone public or sold for several billion, and he’d be the Billionaire he was angling to be.
15% yoy is too generous. S&P has averaged 10% p.a. over the past 100 years.
But yes, compound interest brings the billion target ($20M pocketed @ 10%) down from 40 to 18.8 years.
But remember, the average CEO tenure is about 7.5 years.
Getting to a billion through a salary only is very difficult.
Sooner or later he would have been offered the CEO position of a big health tech start-up, it would have grown for a few years, than either gone public or sold for several billion, and he’d be the Billionaire he was angling to be.