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This is how much the most profitable U.S. corporations make a second
“Cha-ching!” go the corporate coffers.
Neil DeGrasse Tyson noted in 2014 that if Bill Gates was walking down the street and saw money on the ground, if it was any less than $45,000 he’d actually be losing money to stop and pick it up. That’s how fast his wealth accumulates. (This was 2014, mind you, so who knows how much that figure would be now.) While not quite in Gates’ bracket, the same idea applies to a number of corporations, whose profits accrue so lickety-split that it’s dazzling. TitleMax has put together an infographic of what the 31 most profitable companies made each second of 2016.
While all of the companies rapidly rack up coin, Apple was in a league of its own, making $1,444.76 per second — in just-released 2017 data, it’s up to $1,533.17. That's $5.2 million an hour, $127 million per day, and $45.7 billion and per year. These numbers quickly ascend into meaninglessness for most of us, but here’s how big they are: A bank clerk just spent six months simply counting 1.2 million German coins by hand.
Beyond Apple, the three top finance companies — JP Morgan Chase, Berkshire Hathaway, and Wells Fargo — pull in $2,237.19 every second. (Mortgage company Fannie Mae is at a mere $389.38 per second, but still, yipes.)
Another sector dominating the fast track is tech. Alphabet (Google’s parent company) leads the way, with $615.96 each Mississippi, but Microsoft, IBM, Cisco, Intel, Facebook, Oracle, and General Electric (GE, really?) are all playas. At the bottom of the list in net-neutral 2016 was Comcast, with AT&T and Verizon midway up. If it’s really the end of net neutrality — court cases are just starting at this writing — expect these ISPs to move on up.
DeGrasse Tyson notes that he himself wouldn’t stoop for a penny, but that a quarter would be a different story — that’s the bottom value that would be worth his while. Most of us would probably feel the same. Philanthropist Gates, though? He should just keep walking.
Certain water beetles can escape from frogs after being consumed.
- A Japanese scientist shows that some beetles can wiggle out of frog's butts after being eaten whole.
- The research suggests the beetle can get out in as little as 7 minutes.
- Most of the beetles swallowed in the experiment survived with no complications after being excreted.
The world's 10 most affected countries are spending up to 59% of their GDP on the effects of violence.
- Conflict and violence cost the world more than $14 trillion a year.
- That's the equivalent of $5 a day for every person on the planet.
- Research shows that peace brings prosperity, lower inflation and more jobs.
- Just a 2% reduction in conflict would free up as much money as the global aid budget.
- Report urges governments to improve peacefulness, especially amid COVID-19.
The lush biodiversity of South America's rainforests is rooted in one of the most cataclysmic events that ever struck Earth.
- One especially mysterious thing about the asteroid impact, which killed the dinosaurs, is how it transformed Earth's tropical rainforests.
- A recent study analyzed ancient fossils collected in modern-day Colombia to determine how tropical rainforests changed after the bolide impact.
- The results highlight how nature is able to recover from cataclysmic events, though it may take millions of years.