Imagine someone gave you a million dollars and told you to spend $1,000 every day and come back when you ran out of money. You would return, with no money left, in three years. If someone then gave you a billion dollars and you spent $1,000 each day, you would be spending for about 2,740 years before you went broke.
How long would it take to spend a billion dollars a day?
You could spend $5,000 a day for more than 500 years before you would run out of money. Breaking it down even farther, it means you would have to spend over $100,000 every day for the next 25 years in order to spend one billion dollars.
What if Bill Gates spent 1 million a day?
If Gates spent $1 million a day, it would take him more about 400 years to spend his fortune, according to Business Insider calculations.
How long would it take to spend a billion dollars if you..?
So, if you had a billion dollars and spent one million of it every day your fortune would last 1,000 days. If we want to be exact as to how many years this is, we are talking approximately 2.738 years or (1,000 days divided by 365.24 days in a year).
How long would it take to spend one billion dollars at the mall?
1,000,000 / 24 hours in a day = 41,666 days (making an assumption you spend 24 hours a day) However, this did not take into account that you would earning interest on the money let’s assume 2% return per annum, which would be approx 54k a day. For the sake of argument you pay 50% tax, you are still ahead 3k a day….
How much money would you get if you spent 1000 an hour?
However, suppose you had $1,000,000,000 in a lump sum. If you invested it in 10-year US Treasury bonds, you would get about 3% per year, that would be $3,424 per hour. So spending $1000/hr actually lets your investment grow by about 2% per year before tax, or about 1% per year after tax.
How much money can you spend in a day?
You’d need to spend about 40k a day for 70 years to spend it all without ever getting interest or any income made by your money. Alternatively, it could allow 40 people to spend a grand a day for 70 years. It’s a ridiculous amount of money. Not even a drug addict could spend it (if they paid for their own habit only).
