At $1 Million a Day, It Would Take Mexico's Carlos Slim 220 Years to Spend All His Money Emmie Martin - Business Insider
go to original November 4, 2014

Microsoft Chairman Bill Gates, and Mexican telecommunications tycoon Carlos Slim (Associated Press)

At a spending rate of $US1 million a day, most people would blow through their entire life savings in less than a week.

But for billionaire Bill Gates, it would take 218 years to spend his approximate $US79 billion fortune at this rate, according to new research from Oxfam that was recently highlighted by The Guardian. That’s about three Ferraris a day.

It would take Mexico’s Carlos Slim, the world’s richest man, even longer at 220 years. Warren Buffett could get through his fortune slightly faster, but it would still take 169 years to clear his bank account.

While few could keep up with these hypothetical spending patterns, more people than ever can call themselves billionaires these days. In fact, the number of billionaires in the world has more than doubled since the recession, rising from 793 in March 2009 to 1,645 in March 2014, Oxfam reports.

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