My 4 nines + your 4 or 5 nines = 1 in 100 million to 1 in 1 billion.

Even adding all the churches, clubs, and nonprofits I don’t think it’s that rare. The Mormon church for example has ~293 billion in assets. Even the Church of Scientology is apparently worth ~2 billion.

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s1artibartfast 5 days ago | parent [-]

Maybe 1 in 10 million? What do you think the numerator in denominator are here? I'm guessing less than a hundred organizations with a billion dollars in reserve.

There are less than 2,000 us companies with a billion dollar market cap, out of ~40 million companies.

I expect the reserves would be a substantially less than that. Maybe somewhere in the ballpark of low triple digit organizations with a billion+ dollar reserve. Maybe 200 nationally?

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Retric 4 days ago | parent [-]

Above 90% = 1/10, 99% = 1/100, 99.9% =1/1,000… the pattern is 1 then a zero for each 9.

So 8 9’s = 100,000,000

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s1artibartfast 2 days ago | parent [-]

yeah, I understand decimals.

If its 200/100,000,000, that would be 99.9998 or 2 more digits.

	▲	Retric 2 days ago \| parent [-]
		IMO, it’s going to be in the thousands to 10’s of thousands. Depending on what organizations you exclude and if you’re considering total assets vs net assets vs liquid assets etc. There’s a surprising number of individual buildings worth 1+ billion each of which are going to be their own org. Add pensions, trusts, nuclear reactors, large dams, government organizations, etc. Here’s 30 US charitable foundations over 1B which isn’t an exhaustive list. https://en.wikipedia.org/wiki/List_of_wealthiest_charitable_...