The following details the calculations used to determine the initial investment amounts in USD needed for each asset to reach or exceed $100,000,000 by October 31, 2025, starting from June 2020. These are based on historical adjusted closing prices (or index values for real estate), which account for price appreciation, dividends (reinvested via compound returns), and any stock splits. For non-USD assets, prices are in local currency, but the growth multiplier incorporates currency effects where significant (though HKD and CNY changes were minimal over the period). Multipliers are calculated as (end price / start price), including total returns. Initial investment = $100,000,000 / multiplier. Assets are sorted by initial investment from smallest to largest (highest to lowest growth).
- NVIDIA (NVDA): Start price $8.79 USD (June 1, 2020 adj. close), End price $202.49 USD (Oct 31, 2025 adj. close), Growth multiplier 23.04x, Initial $4,340,000
- Bitcoin: Start price $9,436 USD (June 1, 2020 close), End price $109,556 USD (Oct 31, 2025 close), Growth multiplier 11.61x, Initial $8,610,000
- Tesla (TSLA): Start price $59.99 USD (June 1, 2020 adj. close), End price $456.56 USD (Oct 31, 2025 adj. close), Growth multiplier 7.61x, Initial $13,140,000
- Royal Caribbean Cruises (RCL): Start price $57.71 USD (June 1, 2020 adj. close), End price $286.83 USD (Oct 31, 2025 adj. close), Growth multiplier 4.97x, Initial $20,120,000
- Apple (AAPL): Start price $80.47 USD (June 1, 2020 adj. close), End price $270.37 USD (Oct 31, 2025 adj. close), Growth multiplier 3.36x, Initial $29,760,000
- Netflix (NFLX): Start price $425.92 USD (June 1, 2020 adj. close), End price $1,118.86 USD (Oct 31, 2025 adj. close), Growth multiplier 2.63x, Initial $38,070,000
- Gold: Start price $1,739 USD/oz (June 1, 2020 close), End price $3,982 USD/oz (Oct 31, 2025 close), Growth multiplier 2.29x, Initial $43,670,000
- Bank of America (BAC): Start price $25.82 USD (June 1, 2020 adj. close), End price $53.45 USD (Oct 31, 2025 adj. close), Growth multiplier 2.07x, Initial $48,310,000
- Coca-Cola (KO): Start price $43.06 USD (June 1, 2020 adj. close), End price $68.90 USD (Oct 31, 2025 adj. close), Growth multiplier 1.60x, Initial $62,500,000
- Tencent (0700.HK): Start price 422 HKD (June 1, 2020 adj. close), End price 629 HKD (Oct 31, 2025 adj. close), Growth multiplier 1.49x, Initial $67,110,000
- Kweichow Moutai (600519.SS): Start price 1,300 CNY (June 1, 2020 adj. close), End price 1,430 CNY (Oct 31, 2025 adj. close), Growth multiplier 1.10x, Initial $90,910,000
- Industrial and Commercial Bank of China (ICBC, 1398.HK): Start price 5.57 HKD (June 1, 2020 adj. close), End price 6.02 HKD (Oct 31, 2025 adj. close), Growth multiplier 1.08x, Initial $92,590,000
- Hong Kong Real Estate (via Private Domestic Price Index): Start index 303.68 (June 2020 value, base 1999=100), End index 288.50 (closest available: Aug 2025 value), Growth multiplier 0.95x, Initial $105,260,000
Note: These estimates assume no fees, taxes, or transaction costs. For foreign assets, the multiplier reflects local returns plus minor currency adjustments (HKD/USD from ~0.129 to 0.129, CNY/USD from ~0.140 to 0.141). Real estate uses the territory-wide index as a proxy for value growth, with no “dividends” but reflecting market trends. Actual performance may vary based on exact entry/exit dates. Netflix does not pay dividends and had no stock splits in the period, so the multiplier is based purely on price appreciation.
