Tag: money

Bill Gates Praises This Finance Book as “Thrilling”

When the founder of Microsoft recommends a book, it is likely a good idea to add it to your ever growing wish list.

CNBC reports that billionaire, not-quite-playboy, philanthropist Bill Gates was hosted for a CNN interview and recommended Billion Dollar Whale, by Tom Wright and Bradley Hope.

“It’s a sad story of corruption in international finance, but fascinating. As Bad Blood is to biotech, Billion Dollar Whale is to international finance,” Gates explains.

 

Billion Dollar Whale by Tom Wright and Bradley Hope

Image via Amazon

John Carreyrou’s Bad Blood documents the rise and fall of Theranos, a blood-testing start-up valued at $9-billion before being exposed for fraud. Billion Dollar Whale follows Malaysian businessman Jho Low, the mastermind behind the 1Malaysia Development Berhad Scandal involving a complex web of illegitimate offshore companies, A-list celebrities, the Middle East, and Wall Street. He is now on the run.

“Not as profound as [Steven] Pinker, [Paul] Scharre, [Hans] Rosling,” Gates adds, “But a wonderful read, very quick, thrilling.”

Gates has previously recommended books that are known to be comparably more hopeful and enlightening. His latest book recommendation is something of a cautionary tale worth heeding.

Fun fact: Low used some of the money to finance The Wolf of Wall Street.

 

 

 

Featured Image via CNBC

J.K. Rowling superimposed over a background of dollar bills

Here’s How Much Money J.K. Rowling Makes Per Hour

So we all know J.K. Rowling is ridiculously rich—according to the recent Forbes list of the highest paid celebrities, she’s richer than both Drake and Lady Gaga with a 2018 income of $54 million. Maybe a number that enormous is difficult to comprehend. Rich is rich, right? Absolutely not. You might realize that, with fifty-two weeks in a year, Rowling earns over one million dollars per week. To wrap your had around this staggering hoard of wealth, let’s measure it out in houses (no, not the Hogwarts kind).

 

The average price of a house in the United States is $200,000. Let’s round down J.K.’s weekly earnings to a tidy one million. That means every week, J.K. Rowling could purchase five homes and, with the $300,000+ dollars she’d have left, buy a Ferrari Spider to drive between them. Let’s reiterate—one week.

 

JK Rowling with money floating around her head

Image Via The Daily Express

 

Infamous as the first and only billionaire to lose her ten-figure status due to charitable donations, it’s important to remember that several million dollars—several hundred million dollars—can still buy an island or, if you’re so inclined, the Romanian castle that inspired Bram Stoker to write Dracula. (In any case, she’s a billionaire again.) So let’s go even deeper into the bottomless expanse of J.K.’s coin, a gold pile so enormous you’d expect it to come with a dragon on top, ask the real question: how much money does J.K. make in an hour?

 

Harry Potter looking at his vault full of galleons

Image Via Perez Hilton

 

That’ll be $10,948, folks. Every single hour. Including while she sleeps.

 

"DON'T FUCKING CRY"

Image Via Tumblr

 

(For context, that’s more than the average cost of a year of in-state public college education. That means that J.K. Rowling makes enough money to cover the average American’s entire college costs while taking a long nap.)

 

 

Featured Image Via YouTube.com