For Gates, Musk, Bezos, Spending $1 Million Is Like Spending $1

Bill Gates net worth
Elaine Thompson/AP/REX / Shutterstock.com

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? 

See: 14 Shocking Facts About the World’s Richest Billionaires
Find: 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. 

Of course, Gates isn’t alone. The Microsoft founder is the fourth-richest person in the U.S. behind Amazon founder Jeff Bezos, Tesla and SpaceX founder Elon Musk and Facebook founder Mark Zuckerberg, according to Forbes’ Real-Time Billionaires List.  

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. 

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.

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