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What would it take to become a trillionaire

Do you know what you do with a trillion dollars? Would you buy a fleet of private jets or dune buggies or maybe dine on gold plated chicken wings? Or would you just withdraw a huge pile of cash and burn it for fun?

moncler outlet serravalle Some sums of money are so large, they defy imagination: a trillion dollars is just shy of Mexico gross domestic product. So, for some perspective: to accrue a billion dollars on the median US household income of just under $60,000 would take more than 16,000 years, assuming you spent none of it. To make a trillion would take you over 16 million years. moncler outlet serravalle

moncler outlet online shop Apple recently became the first US listed company with a market value of $1 trillion. So how long will it be before an individual passes the same milestone, and what will they have to do to get so filthy rich? moncler outlet online shop

Been there moncler outlet , done that: maybe we already had the first trillionaire

piumini moncler Hyperinflation produced plenty of trillionaires in Zimbabwe 10 years ago, but in a currency so worthless that a Z$100 billion note would cover just one trip on a public bus it probably fair to say they don count. piumini moncler

piumini moncler uomo There a better case, however, for ancient kings, financiers and kleptocrats. Estimating their wealth is very tricky, but a few consistently make the list. Malian moncler outlet online shop king Mansa Musa possessed so much gold that his wealth was simply beyond comprehension. piumini moncler uomo

Other rulers, both in the middle ages and in antiquity had enormous wealth, but it tough to gauge exactly moncler bambino saldi how much. Stanford historian Ian Morris estimated Roman Emperor Augustus Caesar fortune at about $4.6 trillion, although he admits these estimates need to be taken with a fistful of salt.

piumini moncler scontatissimi even people like you and me can watch TV, use the Internet or wander into Boots or Walgreens and buy drugs like Viagra or Prozac that Roman emperors would have given their hind teeth for. In a way, we’re richer than Augustus, and piumini moncler outlet yet in other ways he was rich on a scale that makes Donald Trump look like he’s on minimum wage, he says. piumini moncler scontatissimi

piumini moncler saldi View image of (Credit: Getty Images) piumini moncler saldi

piumini moncler outlet Putting people out of work with machines piumini moncler outlet

moncler outlet Many futurists think the first trillionaire will make their fortune from innovations that make today technology seem a little ancient. Artificial intelligence (AI) has progressed in leaps and bounds in recent years, and its potential applications could touch almost every corner of our lives. Businesses are investing heavily, and at least one billionaire think it a solid bet. moncler outlet

moncler uomo “I am telling you, 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,” businessman and Shark Tank host Mark Cuban told the SXSW Conference last year. moncler uomo

Imagine a new AI engineered drug that can significantly prolong human lifespan or cure Alzheimer’s. that would surely result in massive wealth Martin Ford

moncler donna But how exactly will AI create tycoons? There are many possibilities. moncler outlet learning is already being used for drug discovery and design. Imagine a new AI engineered drug that can significantly prolong human lifespan or cure Alzheimer’s. moncler donna

The danger, though https://www.moncleroutlet-i.org , is that there a trillion dollar fortune in piumini moncler killing off jobs. Why hire a human if a machine can do the same work without demanding pay, holidays or health insurance? A smaller workforce doing the same work piumini moncler scontatissimi could mean that even more money floats to the top. The consultancy McKinsey estimates that AI could eliminate as many as 800 million jobs.

moncler outlet trebaseleghe These fears and challenges have certain parallels in the 19th Century. Like today era of digital transformation, the industrial revolution fuelled a massive shift in the economy and made some people enormously rich. Cornelius Vanderbilt made a fortune from railway and shipping, while John D Rockefeller made his fortune in oil and was piumini moncler uomo possibly America’s first billionaire (although this is disputed) while moncler saldi outlet car maker Henry Ford was the second. Adjusting for inflation, all were arguably wealthier than Amazon founder and CEO, Jeff Bezos is today (but again, comparisons need to be treated with caution). moncler outlet trebaseleghe

View image of (Credit: Getty Images)

outlet moncler Exactly how this century potentially wrenching economic transformation will play out is up for debate. Some believe that it will simply shift the focus of moncler outlet serravalle work (much like the industrial revolution before it) and we simply end up doing different types of jobs. Others feel the shift might be more fundamental, and it might leave some workers permanently jobless as AI improves and takes over an increasing number of moncler uomo roles. And it difficult to predict how quickly things will change. outlet moncler

moncler saldi uomo is definitely a strong possibility if the AI is leveraged for job automation (something that seems inevitable), says Martin Ford. the other hand, if the wealth generation results primarily from leveraging AI in financial markets or in biotechnology, then the impact on labour markets might be less immediate but probably still inevitable once the technology scales across other industries. crypto world is full of bloviating evangelists and pump and dump scammers. But it has made a diverse group of people rich in a very short time. Forbes compiled a list in early February, which suggested there were at least a few potential billionaires, including the Winklevoss twins and the founder of Ripple (XRP), Chris Larsen who, at the peak of the crypto craze, briefly became one of the world richest men, according to the New York Times and other US media. moncler saldi uomo

a lot of creative people figuring out how to monetise this, in lots of ways we never anticipated in the past, says Thomas Frey, a futurist who has written extensively about the industries that will create the first trillionaire. so much activity in that space right now. And there so many people involved, that there potential for it to scale quickly. made the most headlines, with growth of 1,318% during 2017, but it wasn’t even near the top of the list when it comes to rapid growth. Other well known cryptocurrencies like moncler saldi Litecoin and Ethereum grew faster, while Ripple (XRP) grew 36,018% in the same period meaning $100 invested in Ripple in January 2017 would have grown to over $36,000 by the start of 2018. With such strong returns, it’s easy to see how investors could get rich very quickly if they cashed out.

View image of (Credit: Getty Images)

moncler bambino saldi Any victory could be fleeting though. Cryptocurrencies have been shown to be exceptionally volatile. When Forbes created its list earlier this outlet moncler year, it was out of date before it went to print, with many of the wealthiest (like the Winklevosses) slipping below the billion dollar line before publication. moncler bambino saldi

So, the first trillionaire could be a rich and reckless tycoon making a huge casino style bet on a cryptocurrency and getting lucky. But Thomas Frey says anyone who reaches the twelve figures threshold this way might only stay in the stratosphere for a day or piumini moncler saldi two before gravity teaches them a lesson.

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moncler saldi The world has limited natural resources such as oil or diamonds but our appetite for them seems to be ever increasing. That particularly true for some metals that are moncler saldi uomo found in electronic components. And if we can find what we need on earth, moncler outlet trebaseleghe maybe someone moncler bambino outlet could make a fortune finding moncler donna them elsewhere. moncler saldi

The most valuable asteroids could hide deposits worth more than $100 trillion

moncler saldi outlet According to website Asterank, which estimates the mineral and profit potential of known asteroids, there are many fortunes to be won out in space. The most valuable asteroids could hide deposits worth more than $100 trillion. moncler saldi outlet

space resources market is an untapped market and it will certainly be a lucrative one, so a large opportunity exists, especially for early investors,” according to Takeshi Hakamada, the founder and CEO of ispace, a company that hopes moncler outlet online uomo to settle on the moon and eventually profit from it too.

moncler bambino outlet The problem, of course, is that it extremely expensive to recover these riches. Plenty of companies have gone broke digging for gold here on earth, so the financial risk of trying the same in space is clear. But Hakamada says there a longer game. Resource extraction is just the first step in creating an entire economy in space moncler bambino outlet.