Bill Gates revealed how he'd live on $2 per day
Bill Gates is estimated to become the world's first trillionaire. Oxfam proposed that it could happen in the next 25 years, meaning he would be 86 years old when he hits the 13 digits. Astonishingly, even though the founder of Microsoft is no longer working at the tech company, his net worth has still increased by $25 billion since retiring.
The 62-year-old is currently the world's richest person, estimated to have a net worth of $87.9 billion right now. So what would he do if he was forced to live on only $2 per day, as nearly half of the world's population living in poverty does?
Apparently, he'd get himself a nice little brood of chickens.
"There's no single right answer, of course, and poverty looks different in different places," Gates wrote in a blog post.
"But through my work with the foundation, I've met many people in poor countries who raise chickens, and I have learned a lot about the ins and outs of owning these birds. It's pretty clear to me that just about anyone who's living in extreme poverty is better off if they have chickens."
He said that chickens are a worthwhile investment because they cost hardly anything to buy and take care of, plus you can eat them and their eggs. I mean, it's sensible and a healthy choice of protein, but still – could you really eat your own chickens? Well, if you're desperate – of course you can.
Gate's business plan has been analysed by Chris Weller, a Tech Insider reporter, who agreed that owning chickens was a good investment for someone with low income.
"Through research and trips to West Africa, Gates has found that after a period of three months, a typical owner of eight to 10 chickens can yield a flock of 40 chicks," Weller said. "With a sale price of $5 per chicken, which Gates notes is typical in West Africa, an owner can earn over $1,000 a year. The extreme-poverty line, meanwhile, hovers around $700 a year."
The Microsoft founder stepped down as CEO of the company 17 years ago and later left his position as Chairman in 2008. But he hasn't just been rolling in his cash or sitting around hypothesising about things. Rather, he's spending a good chunk of his fortune on various projects at the Bill & Melinda Gates Foundation.
His idea to own chickens if he were to be living below the poverty line is for a good cause, with the foundation teaming up with the Heifer International charity that donates livestock to poor families around the world. The idea is to help 30% of families in sub-Saharan Africa to raise chickens.
It's just one of few initiatives the Bill & Melinda Gates Foundation is supporting. Gates started the charitable foundation with his wife the year he left Microsoft and has been working on it full-time ever since. Between its inception and the end of 2016, they had given away an astonishing $41.3 billion towards things like malaria prevention in Mozambique, college costs for US students, and anti-smoking programs in China.
While he's on track to being the world's first trillionaire, you can't say that he isn't putting a lot of his money to good causes. Good on you Bill. Now, I'm off to get some chickens and begin my route to being a trillionaire as well.