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What much is £30 in US dollars?

How could someone acquire $30 million US dollars?

  • I was talking with a friend about wealth, and we came across an article[1] that states there are 40,000 North Americans that are worth $30 million or more. My assumption is that this refers to $30 million in assets. The question is, how could a person build $30 million in wealth. We came up with: 1. Start a business that is taken public (i.e., IPO) 2. Become a CEO or some other C level position 3. Inheritance The rationale for #1 is that if you start or run a small or medium size business, $30 million is probably out of reach. There are of course exceptions (e.g., Ikea is private) but they seem to be fairly rare. What are the other ways to reach the $30 million mark? [1] http://blogs.wsj.com/wealth/2011/06/22/u-s-has-record-number-of-millionaires/

  • Answer:

    Start with a smaller sum and invest over many years. The "average" annual return of the stock market (as measured by the S&P 500) since 1980 has been 12.61%. Since 1950, it has been 12.53%. http://www.moneychimp.com/features/market_cagr.htm For the the purposes of this, we'll use 12.5%. (Please note: this is average, and not true CAGR). Here are two scenarios: If you won't be able to swing $90K/year, start with more and add less annually. If you invest over a longer period of time, you'll have more time to compound.

Ian McCullough at Quora Visit the source

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Just $30 million? Hmm... Inherit it - The most likely manner in which most rich people become...rich. Star in a series of ever increasingly successful films . Or become an American television star with enough "clout" to have yourself paid a salary equaling or exceeding that amount for one or more years. Discover methods to do the following: Travel through time, travel faster than light speed, detect a metallic object underwater at depths of greater than one hundred from the air or from space;create a drug or compound which greatly lengthens the human lifespan or create a room where people can live out fantasies of their own choosing (essentially a holo-deck) Find a conflict (any conflict) in a resource-rich area Build relationships with both sides of the conflict. Sell both sides weaponry and logistical equipment. Don't let either side catch you doing this. Lottery tickets - It only takes one and a dream.....

Jon Mixon

3 ways: 1) start a successful business 2) Invest in the stock market (tricky) 3) real estate, buy assets producing passive income, reinvest the profits till you reach the desired goal.

Fabio Burinato

Go to a shop with $40million spend 10million and then you will have that exactly.

Joe Geronimo Martinez

Hmm.  Let's see if I can think of a few. 1. Become a big name actor or sports star. 2. Investing in real estate. 3. Discovering an oil deposit. 4. Create a wildly successful product like a pet rock, paper clips, etc. 5. Do something crazy that gets you on the news.  If it leads to appearances on popular talk shows and book deals, you might just make your $30 million.

Terry Prothero

I suggest you the films The Best Offer, The blind side, Ingenious, The Social Network, Jobs, Jobs and Steve Jobs.You could simply hire me to manage your brokerage account remotely and I eventually would make at least $30,000,000 for you.I have written many financial articles over the years for many of the largest and most popular websites in Australia, Japan, India and the United States of America including but not limited to Insider Monkey, Seeking Alpha and The Motley Fool.If you have at least $15,000,000 then I can probably double your money to $30,000,000 in 25 months or less.If you have at least $7,5000,000 then I can probably quadruple your money to $30,000,000 in 50 months or less.If you have at least $1,875,000 then I can probably increase your wealth to $30,000,000 in 100 months or less.If you have at least $937,500 then I can probably increase your wealth to $30,000,000 in 125 months or less. That is only a decade plus five months.If you have at least $468,7500 then I can probably increase your wealth to $30,000,000 in 150 months.If you have at least $234,375 then I can probably increase your welath to $30,000,000 in 175 months.You are asking the wrong question.I suggest you to ask me the folloing question:How could someone acquire $30 million US dollars with an initial investment of $X in X decades?

Alejandro Guillú Mendoza

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