Toto's Advanced Ceramics Business unit started R&D on ceramics for the semiconductor industry in 1982.
They started mass production of ceramics for semiconductors in 1988. It's been almost 40 years.
They have been making just over $300 million (converted from yen) in their advanced ceramics business unit for some time now, and recently that figure rose to $435 million.
Soooo apparently Reddit thinks 100k a year is rich when nearly half of households (43%) make that. I mean random nurses let alone hedge fund managers make that. Let’s do the math on what being rich ACTUALLY costs:
- $20m mansion: 100k a month (yep entirely salary spent in one month)
- private jet and international first class anywhere: 200k a month
- maintaining a small yacht not even a large one: 100k a month
- 5 star resorts many times a year: 50k a month
- personal assistant and maid and chef and driver and all that 10k a month each: 50k a month including extras
- fine dining every night: 25k a month
- full healthcare security: 25k a month
- random miscellaneous spend like 50k gala tickets and art: 100k a month
Total: 600k a month or $7.2 million a year, at 4% rule need $180 million to live like you’re actually rich so funny reddit thinks 100k a year is rich when that won’t even buy you 1% of a small yacht. I’ve always interpreted rich to mean mansions and jets and yachts…