r/nextfuckinglevel • u/matori_tester • 2d ago

Billionaire speaker Robert F. Smith tells 400 graduates he's paying off all their student loans ($40 million in total)

13.3k Upvotes

93% Upvoted

583 comments sorted by

View all comments

Show parent comments

-24

u/MagicHarmony 2d ago

Exactly. Its so disingenuous.  He gave .0037% of his net worth away. What a saint and scholar. We should all be so lucky to have .0037% of our wealth to carry that much weight but for the average American that would be $148. 

14

u/ninenineten 2d ago

Check your math, no shot this is correct

9

u/lolwut19 2d ago

they’re a little bit off, I’m assuming they calculated by average or median income vs net worth. that being said, the numbers are still disgusting.

“…in October 2024, Forbes reported Smith’s net worth to be $10.8 billion, and that he was the 88th richest person in the United States.”

40 million divided by 10.8 billion = 0.0037

the median net worth in the US is $192,700. the average net worth is $1,063,700.

192,700*0.0037=712.99

1,063,700*0.0037=3,935.69

edit: average income in the US is $39,982.

39982*0.0037=147.933, so that’s where they got the $148 figure

2

u/FritterEnjoyer 2d ago

.37% is literally 100 times larger than 0.0037%. That’s quite a bit more than “a little bit off” lol.

3

u/lolwut19 2d ago

what are you talking about? “.37%” isn’t used anywhere in mine or their calculations

0

u/FritterEnjoyer 2d ago

Ahh my bad, I assumed everybody opining on math here could convert decimals to percentages.

Real quick bud, google what .0037 is once converted to a percentage. It’ll blow your mind.

8

u/lolwut19 2d ago

you understand there’s a way to talk to people without sounding like a miserable cunt right?

-3

u/FritterEnjoyer 2d ago

what are you talking about? “.37%” isn’t used anywhere in mine or their calculations

Bud, you’re the one that started with the posturing here. You’re just mad that you sounded like a jackass and I decided to match your energy.

2

u/lnterGalacticPotato 2d ago

You are obv correct in the math, but you seem to have taken his response in a more negative tone than it was likely intended. And even if he was being a jackass, do you have to take his eye out for it?

0

u/FritterEnjoyer 2d ago

Yes, I think I did have to.

At one point I would have agreed with you, unfortunately I no longer think we have the leeway to give that grace. Letting it slide when jackasses who don’t even understand what they’re saying openly claim dumb shit brought my country to its knees. I’ve learned that you need to meet people with an energy that matches their incredulity. If you’re wrong and going to be bitchy when it’s pointed out then I will let you know just how stupid you are.