What The Richest Person In New Jersey Can Buy
There are a lot of rich people in New Jersey, but only one person in the Garden State has a net worth of $6.1 billion.
For the record, his name is John Overdeck of Millburn and he is the co-founder of Two Sigma Investments, and he is worth over $6 billion. But our exercise today is not saying that number. It's about understanding it.
What exactly can you do with $6.1 billion in terms we mere financial mortals can understand. Here are some facts you can chew on about what you could buy if you had $6.1 billion...
Venti Caramel Macchiato at Starbucks...You can buy over 1.3 billion of them. In other words, if you bought one every second starting now, you wouldn't be out of money until around winter of 2061.
New SUV. Assuming the SUV's sticker price is $35,000, you can buy about 46,000 of them, or to put it another way, you can have a new SUV each day until the spring of 2146.
Grocery shopping. Smart Asset says the average grocery shopping bill is $310 a month, which actually seems low to me, but for the sake of argument, let's go with it. At that rate, your $6.1 billion will cover your average grocery costs for 1.6 million years.
Wow. That's a lot to wrap our minds around. i actually think it was better when I had no idea what $6 billion meant. I mean I like Caramel Macchiato, but not that much. And I like SUV's but I'd get bored with a new one each day eventually.
Feel free to double check my numbers. I'm not used to dealing with that many zeroes. Maybe you are. And if you want similar numbers for Jeff Bezos, America's richest person in 2019, you'd have to multiply the above numbers by 19. My head and my wallet hurt right now.
More From Monmouth & Ocean Counties