Monday 27 February 2012

You can't take it with you...

Earlier this evening, I joked on Twitter about helping someone spend a million pounds. Chance would be a fine and pleasurable thing. But seriously, how would you spend £1m?

It used to be a question that took a while to answer. With inflation taking its toll over the years, the answers have gradually grown shorter. Time was when your imagination would run dry well before the cash ran out.

The world's first millionaire is said to have been 18th Century merchant, Elias Hasket Derby. Whilst undoubtedly wealthy, it is thought that he was just one of a number of wealthy and successful Massachusetts businessmen during the period.

History is littered with the wealthy; money can even buy you an entry in the history books. Notably wealthy figures from history include:
Alan Rufus, a companion of William the Conqueror
Marcus Licinius Crassus, Roman politician who made up the first triumverate along with Pompey and Julius Caesar
Tsar Nicholas II of Russia, the richest monarch in history and the wealthiest saint.
The Rothschilde family, a European dynasty of German-Jewish bankers and financiers
According to the World Wealth Report, the US has more millionaires than any other country, with Japan in 2nd place and Germany in 3rd place. The UK comes in at 5th place after China and ahead of France. The US$m was used as the measure here.

If ever you were in the enviable position of needing help in spending a fortune, have a look at this Independent article from last July: EuroMillions: £154 million, how to spend it all in one week.
Today's run at 17:48
Distance4.15 kmTime23:29
Pace5:39 min/kmCadence80 spm
Comments: Grey and spitting with rain.

2 comments:

  1. It's not really spending though, is it? Buying a painting or a penthouse is merely an investment.

    On a related note, it's interesting to see how people seem to think the £154 Million Jackpot is the time to buy a ticket. Like the usual 23 Million isn't worth buying a ticket for...? But when it gets over the magical 100 Million, now *THAT* is the time to buy a ticket. Can't see the logic myself. If anything, the odds are stacked against you even more, as more people now have bought a ticket, and as a result chances of having to share a Jackpot also go up.

    Quite ironic, really.

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  2. You are, as usual, absolutely correct.

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