Jun 15, 2022 19:00:00

'You Vs. A Billionaire' lets you see the difference between the world's richest man, Elon Musk, and your financial sense

Elon Musk, head of Tesla and SpaceX, became the richest man in the world in 2021, surpassing Amazon.com founder Jeff Bezos in terms of total assets. By using the website ' You Vs. A Billionaire,' which allows you to compare the difference between Musk's annual income and your own annual income to see how much your everyday expenses will hurt your wallet, you can get a sense of the difference in financial sense between the super-rich and ordinary people.

You Vs. A Billionaire

https://youvsabillionaire.com/

When I visited the above site, I was greeted with the message, 'Elon Musk's net worth increased by an estimated $121 billion in 2021. Enter your annual income below to see how it compares to yours.' I immediately entered the average salary in Japan in 2020, 4.33 million yen, converted into dollars to get $32,000, and clicked 'Submit.'

The result is as follows. 'Elon Musk's annual income is 3,781,250 times yours. In other words, even if you spend $1 (about 135 yen) and Elon spends $3,781,250 (510,576,500 yen), the amount of money in your wallet will decrease the same.' Continue scrolling.

'Putting $0.25 into a parking meter is like buying three

Rolls-Royce Ghosts for Elon,' 'For the cost of a $5 latte at Dunkin' Donuts, Elon Musk could buy 13 Dunkin' Donuts,' 'How excited would you be to find $20 in your pocket that you forgot? Elon would have to find $75,625,000 to experience the same excitement.'

'A fully-equipped Tesla Model S would cost $150,990, but it would only cost Elon $0.04!' 'In 2021, the median home price in the US was $346,990. It would only cost Elon $0.09 to buy it with your income.'

Up until this point, he had been comparing himself to Musk, but from here on, he started talking about his own income and the income of people around the world. 'According to the World Bank, recent estimates of global poverty suggest that at least 10% of the world, or more than 750 million people, live in extreme poverty on less than $1.90 (about 250 yen) a day.'

'If you earn more than $59,000 a year, you're in the top 1 percent of the world's population. If you earn more than $29,000 a year, you're in the richest 5 percent,' he said. The article also includes a quote from Scottish philosopher William MacAskill: 'Because we are relatively wealthy, we are able to benefit others far more than we benefit ourselves.'

'Your $32,000 annual income is worth 46 times as much to someone living in extreme poverty. Remember that $5 latte? It may not seem like much to you, but donating that $5 to a poor person will do them just as much good as giving them $230.'

'You may not be Elon Musk, but to many people you are exceptionally wealthy. Want to learn more about how you can help improve the lives of millions of people?

GiveWell.org is where you can donate to the most impactful charities on the planet.'