Not too many people will ever get to amass a million dollars in their life times, let alone earn a whopping million dollars per year!
For the typical five-day work week, some 52 weeks in a year, that million-per-year would amount to a mind-blowing $19,230.77 per week, or some $3,846.15 per day!
Now, as amazingly sweet as it sounds to earn a million dollars per year, imagine just how long you would need to save up a million dollars each year in order to equal what some companies have just sitting there in their overstuffed piggy banks?
Well, let's put it this way, if you where around on July 2nd, 1776, the day of America's Declaration of Independence, you would have now accumulated a rather nice tidy sum of, $235,000,000 by now! Now that indeed is a sweet and tidy little sum of money, and so much so that if you got a measly interest rate of three percent, that would still give you another rather nice tidy interest payment of $7,050,000 per year, or some $135,576.92 per week, or almost ten times the weekly amount you got from your original million per year.
Ok, now this is getting a little silly, but what the hell, silly is what I do, because silly is what I am, so let's be silly and imagine that you started earning and saving $1,000,000 per year since around the time of Christ, or a little before, let's say 2,000 years ago. Well, if you saved that amount regularly you now have the very princely and tidy sum of $2,000,000,000 dollars..... yes, you got it..... you be a real-live billionaire (and a hell-of-an-old one at that!), and your three percent interest would now be earning you a jaw-dropping $60,000,000 per year, or over $1,000,000 per week... yes, each and every single week!
Ok, now here's the thing, if you wanted to save an equal amount to that of Apple's current piggy bank, how long would it take you?
Well, in that case your going to have to go back a little farther than the time of Christ, because 2,000 years of saving would only be 0.026% of the time needed, or in other words - you would have to go back over 76,200 years ago, because that's how much money Apple currently has on hand, some - $76 billion! That kind of moo-lah, at three percent interest, would also give you a yearly income of some $2,286,000,000 per year, and yes that's billions folks, or equal to $43,961,538.46 per week, or the tidy, little sum of $6 plus million per day, and that's for every day of the week!
Apple is currently, by-far-and-large, the largest corporate piggy bank holder in the world, with Microsoft and Cisco coming in second and third, with piggy banks equalling $41 billion, and $40 billion respectfully. According to the Business Journal, the top ten largest American corporate piggy banks are:
1. - Apple with $76 + billion
2. - Microsoft with $41 billion
3. - Cisco with $40 billion
4. - Pfizer with $36 billion
5. - Google with $35 billion
6. - General Electric with $30 billion
7. - Johnson-Johnson with $28 billion
8. - General Motors with $27 billion
9. - Intel with $24.4 billion
10. - Oracle with $24.3 billion
Wow, in conclusion, now those are some pretty big and impressive piggy banks indeed, and that goes especially for Apple which has almost double that of second place holder, Microsoft. With over 76 billion in its piggy bank, it's no wonder that Barron's reported that when it comes to the current patent wars, and the rush for companies to buy and secure even more patents, Apple is now indeed the most "Formidable Bidder For Any IP Trove", and all thanks to its little-itty-bitty piggy bank.
And that's my 2 cents 4 this glorious, and I mean absolutely glorious Thursday, July 28, 2011
UPDATE: Appleinsider, among others, is now reporting that Apple's piggy bank has now more cash on hand then that of the entire U.S. federal government.... now that's what I call a piggy bank!
Apple logo via: the Business Journal
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