| Author |
Message |
iceman

Joined: Jul 26, 2006
Posts: 7
|
Posted:
Thu Jul 27, 2006 1:33 am |
|
Millionaire minutes
Advertisement
By Hannah Clark, Forbes.com
July 26 2006
It's good to be rich. With the £77 she earns every minute, Harry Potter author JK Rowling could buy more than a few boxes of Bertie Bott’s Every Flavour Beans, one of the young wizard’s favourite sweets.
But Rowling is on the poorer end of our list of top-earning celebrities. Due in large part to endorsement deals, she rings in at number seven, once bands U2 and the Rolling Stones are removed from the equation. Steven Spielberg tops the list, earning £180 million in 2005, or £342 per minute. It would take him only eight minutes to accumulate enough money for a night at the Mansion at MGM Grand, a Las Vegas hotel, which charges £2,700 per night.
There's bad news for the Hollywood set, however. While celebrities sometimes venture into nine-figure territory, their paychecks don't even come close to the sums earned in the business world. In fact, Spielberg didn't corral that cash directing War of the Worlds or Munich.
Slideshow: What the 10 highest paid celebrities make every minute
Slideshow: What the 10 top billionaires make every minute
Slideshow: The world’s billionaires
Last year, DreamWorks, the studio he founded with Jeffrey Katzenberg and David Geffen, was sold for £8.6 million. Starting a company, it seems, can be much more lucrative than making a movie.
The titans of technology make more than any producer, director or diva in Hollywood. Microsoft (owner of MSN) founder Bill Gates is, of course, the richest man in world, with a net worth of £27 billion. If he makes a 7% return on investment, which is the average amount the stock market appreciates each year, he earns £3,601 every minute.
Actual returns, of course, will vary widely - particularly for billionaires like Gates, who hold a large portion of their wealth in one company's stock. Nevertheless, in our hypothetical world, Gates could save for about four minutes and buy his wife Melinda a £13,500 dress designed by Elie Saab, who frequently clothes Oscar-winning actress Halle Berry. Berry, by the way, makes only £16.20 per minute, barely enough for a pair of jeans off the sale rack.
Of course, the Gateses prefer more charitable pursuits, and they've received copious attention lately for their philanthropic efforts. Their foundation, which is frequently lauded for its investments in education and antipoverty programs, handed out £1,440 a minute last year. Praiseworthy, to be sure. But at our hypothetical rate of return, Bill and Melinda Gates still make more than twice as much as their foundation spends.
Fewer than half of the world's 10 richest people are American. Indian steel titan Lakshmi Mittal, the majority owner of Mittal Steel, earns £1,696 per minute off his £127 billion fortune. It would take Mittal four days to accumulate £9.8 million, enough to buy Coakley Cay, a private island in the Bahamas.
If he's impatient, however, he could find a quicker route to happiness. In six minutes, he could afford a six-liter bottle of champagne, the Louis Roederer Cristal Brut 1990, which sold at an auction last year for £9,552 |
|
|
|
|
 |
iceman

Joined: Jul 26, 2006
Posts: 7
|
Posted:
Thu Jul 27, 2006 1:42 am |
|
i only want £5000,..please bill..take a minute of your time!!!!..or maybe 2  |
|
|
|
|
 |
iceman

Joined: Jul 26, 2006
Posts: 7
|
Posted:
Thu Jul 27, 2006 1:50 am |
|
i work half the year and pwned a good wage...BG earns double my monthly wage in a minute...1 MINUTE...by the time youve read this your bills have been paid...no debts...ALL GONE!!!....60 SECONDS!!!!!.....No more 2 say!!!! |
|
|
|
|
 |
iceman

Joined: Jul 26, 2006
Posts: 7
|
Posted:
Thu Jul 27, 2006 2:00 am |
|
That means...7 hours of work..and BG is done...we sleep close to 7 hours a nite..and hes done a years work for me... ..but whod not want to be the mighty BG
im off to bed....and i still think ive not worked that out rite...who cares with that money
 |
|
|
|
|
 |
|
|
|
View next topic
View previous topic
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum You can attach files in this forum You can download files in this forum
|
|
|