If Bill Gates spent $1 million a day, he would blow his fortune in 218 years (2024)

I'm fairly certain it would take just one particularly vigorous shopping spree to spend away my "fortune." But it would take Bill Gates a lot more than that.

According to new research from Oxfam, Gates would have to spend $1 million a day for 218 years in order to get rid of every last penny of his wealth (approximately $79 billion). It would take Carlos Slim, the world's richest man, even longer: 220 years if he spent at the same rate.

Oxfam's report uses these numbers to make a larger point about economic inequality, which it says has reached "extreme levels." Since the recession, the number of billionaires has more than doubled, and the income gap is only widening: The 85 richest people in the world own the same amount of wealth as the poorest half of humanity.

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

For more interesting stats on the research, head to The Guardian.

Explore More

If Bill Gates spent $1 million a day, he would blow his fortune in 218 years (2)

Continue reading for free

We hope you're enjoying The Week's refreshingly open-minded journalism.

Subscribed to The Week? Register your account with the same email as your subscription.

If Bill Gates spent $1 million a day, he would blow his fortune in 218 years (2024)
Top Articles
Latest Posts
Article information

Author: Twana Towne Ret

Last Updated:

Views: 6423

Rating: 4.3 / 5 (64 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Twana Towne Ret

Birthday: 1994-03-19

Address: Apt. 990 97439 Corwin Motorway, Port Eliseoburgh, NM 99144-2618

Phone: +5958753152963

Job: National Specialist

Hobby: Kayaking, Photography, Skydiving, Embroidery, Leather crafting, Orienteering, Cooking

Introduction: My name is Twana Towne Ret, I am a famous, talented, joyous, perfect, powerful, inquisitive, lovely person who loves writing and wants to share my knowledge and understanding with you.