-4

When we consider the world’s wealthiest in history, we use accrual accounting and thinking, considering broad spectrum of assets and instruments. Let us disconsider this.

Historically: Who is the 20th-21st century’s wealthiest in terms of how much unadulterated cash, nothing else, they receive in their banking account or wallet every year for their personal use? Again, no stocks or stock options, just cash.

  • 1
    Are you accounting for inflation or not? – Semaphore Jan 16 '18 at 17:55
1

I'd say that Pablo Escobar probably tops the cash-only list.

Pablo was earning so much that each year we would write off 10% of the money because the rats would eat it in storage or it would be damaged by water or lost

Business Insider Article

lots of cash

  • 2
    That's not exactly a "Salary" though. Closer to a dividend. – T.E.D. Jan 16 '18 at 18:52
  • 3
    Part of the problem is always going to be defining what actually counts as a "salary" because that's going to vary by tax domain. – KillingTime Jan 16 '18 at 19:08
  • 1
    Does drug money count as "unadulterated" cash? ;) – Steve Bird Jan 16 '18 at 19:10
  • 2
    Yeah, after rereading the question, I'm starting to like this answer more. If OQ is honest about mostly wanting to know who rakes in the most cash, the answer almost has to be a drug kingpin. They actually have the problem that they earn too much cash, and have trouble converting it into more useful long-term assets. Someone like Bill Gates has the opposite problem, that all his wealth is in one long-term security, and he can't exactly liquidate it all tomorrow without devaluing it (and thus losing tons of his wealth) in the process. – T.E.D. Jan 16 '18 at 19:16
  • 1
    T.E.D. - You mean that MOST, not ALL, of Bill Gate's wealth is in one long-term security. Surely his company pays him a salary and his stock pays dividends, and he uses that income for living expenses, to buy perishable goods, and to invest in other stocks, bonds, etc. I'm sure Gates owns expensive real estate, automobiles, private jets, etc., which also have potential sale value. You mean that MOST, not ALL, of his wealth is in a single investment. – MAGolding Jan 16 '18 at 19:41

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.