Benzinga - You know the old phrase, “If I had a nickel for every time [x happened], I’d be rich,” here’s one example of how you could be as rich as Tesla Inc (NASDAQ:TSLA) CEO Elon Musk based on getting one nickel at a time.
What Happened: Musk lost the crown of the world’s richest person in 2022 thanks to the decline in the valuation of his Tesla shares.
Despite the drop of $137 billion in wealth in 2022, Musk remained the second-richest person in the world at $128 billion and could find his way back to the top of the list if the price of Tesla shares increases in 2023 and the valuation of SpaceX continues to soar.
Musk built his wealth through stakes in Tesla, SpaceX, The Boring Company, Neuralink and the recently acquired social media platform Twitter. Musk also saw his wealth get a boost years ago when his stake in PayPal Holdings Inc (NASDAQ: NASDAQ:PYPL) was bought out by eBay Inc (NASDAQ: NASDAQ:EBAY).
While it took decades for Musk to become the richest person in the world, here’s a hypothetical way it could take less than one year.
Related Link: The 10 Most Searched Things In 2022: How Wordle, Queen Elizabeth, Mega Millions And Jeffrey Dahmer Rank
A Nickel Per Search: Search engine Google, which is owned by Alphabet (NASDAQ:GOOGL) Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), remained the dominant player in the internet search sector.
Every day, between 8.5 and 9 billion searches are done on Google a day, according to estimates.
Here’s a look at applying the “If I had a nickel” phrase to Google searches would translate.
If you were paid a nickel for each search done on Google, you would get $425 million per day, based on 8.5 billion searches daily.
It would take 301.18 days, or 301 days and 4 hours and 20 minutes, to have $128 billion.
In less than one year, you could be as rich as Musk thanks to the dominance of Google in the search space.
Of course, Alphabet won’t be paying anyone for its searches anytime soon, so it’s back to the drawing board.
Read Next: If You Printed $1 Million A Day Since 1440, You Could Have More Money Than Tesla CEO Elon Musk But Not By Much
Photo: Pure Snow Publishing via Shutterstock
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.