Comment on The super-rich are disappointingly boring.
HakFoo@lemmy.sdf.org 1 month agoThe examples I gave are probably achievable for 7 to low 8 figures. Perhaps a bit spendy in absolute numbers, but compared to a $100 billion estate, are they really bigger splashes than a mere mortal spending six months’ salary on a fully kitted home workshop, project car, or deluxe home theatre?
I’d like to think we’re all morons in our own little way. If there isn’t something you fall head-over-heels for and spend your money on in a stupid way, when given the chance, are you really human?
people_are_cute@lemmy.sdf.org 1 month ago
$100B estate never means you’re sitting on a pile of $100B worth of cash. It just means you own stuff that’s currently worth $100B on paper, most of which you can’t actually sell because either the regulators won’t allow it, or even the mere idea would reduce a lot of its value.
Even if you had that much petty cash to burn at a moment’s notice, such antics will only end up having unpredictable consequences. A lot of Billionaires’ wealth is tied up with their reputation. The value of the stock they hold can go up or down solely based on their image and personal behaviour. If their investors or promoters stop viewing them as reliable, their value will plummet.
I don’t spend my money in stupid ways, despite having a relatively high disposable income. Yet I am, in fact, really human.
people_are_cute@lemmy.sdf.org 1 month ago
It’s worth noting that there still exist some eccentric types of Billionaires who can and do end up doing stupid things. John McAfee, for example.
Valmond@lemmy.world 1 month ago
Ya bug yojy can sell off 1BN or 50M no sweat.