53,846 reasons to care

PUBLISHED : Saturday, 29 August, 1998, 12:00am
UPDATED : Saturday, 29 August, 1998, 12:00am
 

The $70 billion poured into the stock market by the Government yesterday cost the 1.3 million taxpayers $53,846 each.


In crude per capita terms, the $70 billion also translates into $11,666 for every man, woman and child in the SAR.


It is also seven million times the average Hong Kong salary.


But the scale of the Financial Secretary's one-day market intervention does not quite measure up to the cash pile of the world's richest man, Microsoft chairman Bill Gates.


His personal net worth, which has seen him overtake the Sultan of Brunei as the wealthiest person, is US$51 billion (HK$394 billion).


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