Justin Bieber: new financial superpower

Discussion in 'Economics' started by DT-waw, Sep 6, 2011.

  1. 33 biggest european banks lost 80% of their value in the last 5 years.
    now worth $330 bn.

    Justin made over $50 million last 12 months.

    if the pace of these trends will continue, during the next 20 years, banks could lose another 0.2 x 0.2 x 0.2 x 0.2 = 99.8% of their value, bringing the valuation down to 600 Mill dollars.

    Justin will be worth more.
    Thoughts?
     
  2. Now, if we'll invest his last year earnings at 30% p.a. in Gold or some smart managed futures....

    1,3^20 = 190x more wealth after 20 years or $10B!
     
  3. wolfpack

    wolfpack

    Justin Beiber is a fad. I wouldn't be surprised if he turns into the drugged out male counterpart of Lindsey Lohan.

    He will be all over the super market magazines. But he won't be worth more than a European Bank. That would be humiliating.