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The World's First Trillionaire is Coming
Posted December 23, 2023
Chris Campbell
Let’s do a thought experiment.
You have $1 trillion, but you have to spend it in three days.
Is it even possible? I guess.
But it would be insanely difficult.
You’d have to spend $333 BILLION per day.
Per hour: $13,888,888,888.89
Per minute: $231,481,481.48
Per second: $3,858,024.69
OVER $3 MILLION PER SECOND.
Most of the most expensive properties in the world are priced around a few hundred million dollars.
Buying a $200 million property every minute would total $288 billion per day, which is still short of the daily target.
The MOST expensive property is the Buckingham Palace, valued at around $4.9 billion. You’d have to buy 204 Buckingham Palaces to hit $1 trillion.
The most expensive painting ever sold is around $450 million. You would need to buy about 741 of these per day, assuming you can find that many.
The most valuable sports teams are worth around $5 billion. Purchasing 66 of them per day would still not meet the target.
A top-end private jet might cost $70 million. Buying one every minute would be far from the needed rate.
At a price of about $60,000 per kilogram, you would need to buy over 5.5 million kilograms of gold per day, which is highly impractical given the logistics and availability.
Trying to buy $1 trillion worth of Bitcoin would essentially mean trying to purchase ALL the Bitcoin in circulation, which is not practical.
Point is, $1 trillion is an ungodly amount of money.
But the world’s first trillionaires are coming.
And you know where they’re going to come from? I’ll give you a guess.
AI’s Second Wave
Mark Cuban said it:
"The world's first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of."
He might be right.
Except, here’s what he left out: it will likely be where AI intersects with other important industries.
Robotics. Cybersecurity. Defense. And much more.
Now, here’s why you should be paying attention now.
This Thursday, three AI experts -- James being one of them -- are going LIVE for a virtual mastermind.
They’re going to be talking about the coming second wave for AI.
And, because you’re a loyal Altucher Confidential subscriber…
You’re invited.
Don’t miss it.
Our AI experts are giving out three of their favorite AI picks.
Obviously, those who catch it live could stand to benefit the most.