Did you ever wonder what it would be like to have so much money that you could spend thousands — or even more than $1 million — as easily as the average American shells out a dollar for a candy bar?
By Dawn Allcot
See: 14 Shocking Facts About the World’s Richest BillionairesFind: 10 Genius Money Tips From Billionaire Bill Gates
That’s what it must be like to be Bill Gates. With his net worth of $131 billion, spending $1.08 million is comparable to someone else spending $1. In fact, Gates could spend $1 million a day for the next 350 years and still not run out of money.
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
The Federal Reserve points out that the median U.S. household has a net worth of $121,700. Divide Bezos’ net worth of $211.4 billion, based on Forbes data, by that number and Bezos can spend $1.7 million as easily as the average American can spend $1. For Musk, $1.3 million is the equivalent of $1. That would make the price to launch Falcon 9, SpaceX’s most frequently flown reusable rocket, equivalent to a mere $47.69 out of the average American’s wallet.
- What Money Topics Do You Want Covered: Ask the Financially Savvy Female
- 5 Things Most Americans Don’t Know About Social Security
- 20 Home Renovations That Will Hurt Your Home’s Value
- What Income Level Is Considered Middle Class in Your State?
