If someone goes back in time to 2001, what does he have to do to become a multibillionaire when he has only $100? Which opportunities can he gain through these 23 years?
If someone goes back in time to 2001, what does he have to do to become a multibillionaire when he has only $100?
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Assuming the person going back in time was smart enough to pay attention to winning lottery numbers and the stock market you could make a lot more than a billion.
- Take first $100 and win the lottery. On December 29th 2001 there was a jackpot for $33.5M
- Take that 16.75M (half went to taxes) and invest all of it
- At the end of 2010 the price of bitcoin was $0.30. You have more money than there are bitcoins. So lets say you buy 10% of bitcoins in existence which is roughly 2 million bitcoins. (Buying more might have too big an effect on the trajectory of bitcoin). This would cost you only 600k at the time.
- Take your remaining 16.15M and buy shares in tesla which in December of 2010 accounting for share splits was $1.78 per share. You could buy 9,073,033 shares.
- Now, as of today your 600k bitcoins and 9,073,033 shares of tesla are worth a measly 87 billion
So many issues with this. First, if someone won the jackpot also then you would split the lottery. Then raises the problem of what do you do until 2010 from 2001? That’s nine years you have to feed, clothe, and house yourself - among other things.
Lastly, the Tesla stock dropped only 13.3 million shares up for grabs in 2010. You would not be able to purchase that many. You would be under all sorts of investigation by the SEC and more trying to figure out where you came from and how you are accumulating all this wealth.