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"The structure, which Kamprad established in the 1980s, assures that the Almhult, Sweden-based company stays outside the family’s direct control." "His wealth
by thinkloop 9y ago
"The structure, which Kamprad established in the 1980s, assures that the Almhult, Sweden-based company stays outside the family’s direct control."
"His wealth will now be dissipated "
"Kamprad was not interested in money"
Does anyone care about money less than Billionaires?
- tonyedgecombe 9y agoIf something is scarce you tend to care about it a lot more.
- superasn 9y agoI read this in the book on how to get rich by felix denis in which there is quote: “Money, it turned out, was exactly like sex. You thought of nothing else if you didn’t have it, and thought of other things if you did.”
- blowski 9y agoWhen you have $2.50 to your name, but you have to feed your family for the next week, you care a lot about money because you might die. I suspect billionaires see money more like kids collecting stickers. It's just a game, constantly trying to get more, for no obvious reason.
- trevyn 9y agoYou might die, or your ego doesn't want to be injured by asking for help? There's a distinction.
- bringtheaction 9y agoOh, why didn't all of the poor people in the whole world think of that. They could've just asked for help instead of starving to death! /s
- adventured 9y agoDepends on the mission, the end goal (if any), as with so many other things. If you're Gates, you likely feel an immense obligation to not destroy $100 billion (as with Buffett), as it's meant to be put to use as a public good. That has also become his professional life. And ideally you conservatively grow it further, to be able to bring that many more resources to bear on extremely expensive problems.
- davidgh 9y agoThis is why my respect for Bill Gates has gone up so much over the years. It’s cool when folks like Warren Buffett pledge to give away their personal fortunes when they die. However, his personal sacrifice is actually quite small, as he only gives it up when forced to by death. Bill Gates, on the other hand has two valuable resources to offer and he is actively giving away both right now: 1) much of his vast fortune, 2) his time, expertise, and influence to champion causes for the greater good.
- pmyteh 9y agoBuffett doesn't exactly spend it now (he's got famously cheap tastes). He's also giving much of it away while still alive: $3bn more in Berkshire Hathaway shares to the Gates Foundation last year. Forbes claims that's 40% of his BH holdings given away so far. http://fortune.com/2017/07/10/warren-buffett-donates-gates-foundation/ http://fortune.com/2017/07/10/warren-buffett-donates-gates-f...
- m_eiman 9y agoI think that emphasis should be placed on the word "direct" in your first quote :P
- highace 9y agoWhen you finally get the thing you've always wanted, you'll find you don't want it anymore.
- chatmasta 9y agoIn the wise words of Jay-Z, “having money ain’t everything but not having it is.” Never thought I’d quote Jay-Z on HN. EDIT: It was Kanye. Thanks companycalls for pointing that out. https://genius.com/Kanye-west-good-life-lyrics#note-945345 https://genius.com/Kanye-west-good-life-lyrics#note-945345
- companycalls 9y agoThis was Kanye West.
- expertentipp 9y ago> Does anyone care about money less than Billionaires? Having an army of good personal PR/marketing people does miracles. They will make people believe in everything about the person.
- notahacker 9y agoSome millionaires care about money so little they give it away to people that need it more rather than designing elaborate structures to hide it from their family and the taxman...