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The same way non-billionaires do: there isn’t anything that money can do about it. While ‘only’ worth $150m, Katherine Brosnahan (you may know as Kate Spade) tr
by thomasedwards 8y ago
The same way non-billionaires do: there isn’t anything that money can do about it. While ‘only’ worth $150m, Katherine Brosnahan (you may know as Kate Spade) tragically hanged herself last week after suffering for a few years. If $150m can’t buy you out of it, I’m not sure another $850m would.
https://en.wikipedia.org/wiki/Kate_Spade#Death https://en.wikipedia.org/wiki/Kate_Spade#Death
- asdfman123 8y agoThey can quit stressful jobs, or immediately get appointments with great healthcare providers, or go travel in Europe for a year. Let's be fair: money can't solve all your problems, but it can solve some of them. The only problem is that serious mental illness is one of those things that money can't magically fix.
- rhizome 8y agoI'm guessing you aren't aware that Kate Spade had sold her company years ago.
- waisbrot 8y agoI'm not aware of Kate Spade, but I feel like the prior poster's > The only problem is that serious mental illness is one of those things that money can't magically fix. covers it pretty well, no?
- loeg 8y ago(One anecdote does not contradict the general point.)
- busterarm 8y agoShe had a new company, so she still had a stressful job: https://francesvalentine.com/ https://francesvalentine.com/
- doingmyting 8y agoShe actually started another right after that. Listen to the interview she did on "How I built this"
- undefined1 8y agoYeah, though one can imagine that being a billionaire also introduces some problems. For one thing it changes family and friend dynamics and that's really a key source of happiness.
- s-shellfish 8y agoIt's the same problem that comes from excelling at anything valued, or having any intensely desired quality. You don't know why people want to be around you, and you don't know whether they will still be there if (or when) you no longer have those qualities deemed so desirable.
- farone 8y agoNot the same, not even close. Capital is abstracted value that everybody needs. The differences this makes in such a situation is drastically more disorienting. >and you don't know whether they will still be there if (or when) you no longer have those qualities deemed so desirable This phenomenon is heartbreaking and surely happens with things like talents and innate characteristics, personality, etc., but it would be very rare with those compared to with capital. When it concerns capital, the issue becomes exponentially more common with exponentially less potential to be understood. When it's happening with more people in a society, it's instances collide and fracture relationships at a far greater rate.
- s-shellfish 8y agoAbstraction and everybody... That really depends on how you look at what a 'self' and what 'everybody' is, and how 'abstraction' interrelates the two. Consider an artist in relation to their culture.
- farone 8y agoNot disagreeing at all, but "being a billionaire" is a poor articulation of the culprit. The havoc capitalism plays on social relationships has been documented, researched for centuries. This is the very core of Marxist thought, and to my knowledge has never been contested. Since you're probably an American and I just referenced Karl Marx, let's please remember Karl Marx was in fact insistent on the importance of democracy (far more than most Americans) and that anyone familiar with his work would have no question of the vast differences between and his well-known disapproval of the Soviet Union defending their project with his work.
- Cakez0r 8y agoUnlimited wealth can also cause its own set of problems and anxieties that run deeper than "which bank should I use" or "which whim should I indulge next". E.G. Does someone like me or do they just like my money? What should I do with my life now that I'm unfulfilled by indulging my whims?
- ehnto 8y agoIt's an extension of graduation depression in a way. You have essentially succeeded at the most advertised metric of life, money. If you view life as a linear progression of growing success, then that's the logical conclusion. Good job, you win.
- Cakez0r 8y agoAnd I'd guess this is also why midlife crises are a thing. Once you've got your beautiful family, house, car and stable job, what's next?
- maroonblazer 8y agoApologies if this is pedantic but, just the opposite, mid-life crises arise because of the realization that the gap between your accomplishments and your ideals is larger than you thought it would be by the time you reached middle age.
- solarkraft 8y agothis is not pedantic if it's the definition of a mid life crisis (I don't know), but just wrong if people worry about different things :-)
- tuesdayrain 8y agoSeems strange trying to define precisely why people might have a crisis in the middle of their life, as if there would be a single reason.
- hood_syntax 8y ago
- pricees 8y ago"They can quit stressful jobs, or immediately get appointments with great healthcare providers, or go travel in Europe for a year." I believe I know what you mean. I disagree. I have no experience being a billionaire, or a millionaire for that matter, however here are my casual observations and thoughts: A billionaire cannot just quit a job. There must be a transition period. A billionaire can't just no call no show. It's possible, but it never happens. A billionaire cannot travel to Europe like I can, going from Airbnb to airbnb, hopping in an Uber, surfing with the locals, enjoying fish tacos. A billionaire ends up being an ambassador with little privacy. Immediately get appointments with great healthcare providers. Maybe. But so can I.
- n0us 8y ago> A billionaire cannot travel to Europe like I can, going from Airbnb to airbnb, hopping in an Uber, surfing with the locals, enjoying fish tacos. A billionaire ends up being an ambassador with little privacy. Thats what the founder of MySpace does now. https://theoutline.com/post/4137/myspace-tom-mark-zuckerberg-facebook?zd=1&zi=cfhulh3k https://theoutline.com/post/4137/myspace-tom-mark-zuckerberg...
- giarc 8y agoI think you are lumping all billionaires into the "celebratory billionaire" category. Sure Mark Zuckerberg can no longer zoom around Europe without being recognized, but how many would recognize Len Blavatnik, #46 on Forbes billionare list worth $21B (for example).
- loeg 8y ago> how many would recognize Len Blavatnik, #46 on Forbes billionare list worth $21B (for example)? Exactly. Or even the Waltons, two of the Forbes top-15. If their image isn't part of their public brand, you probably wouldn't recognize them.
- jonas21 8y ago> A billionaire cannot just quit a job. There must be a transition period. A billionaire can't just no call no show. Not only that, I imagine that quitting before retirement age could add a lot of anxiety for a billionaire due to loss of status, loss of purpose, feelings of failure, etc.
- dkersten 8y agoEven the problems money can’t solve, it can often help (eg, money can’t vuy happiness but a year long trip might be the change you needed to find happiness) or at least remove other worries. But of course as others have said, it brings another set of worries. Still, money is an enabler that creates options.
- theandrewbailey 8y agoIn other words, money is a tool. People get happiness not from tools, but what can be done with them.
- olleromam91 8y agoSome of the most advanced and effective mental health retreats are EXTREMELY expensive. Upwards of 2000 dollars a day.
- loeg 8y agoYou can use some of that money to buy Alprazolam / Clonazepam :-). They're available as relatively inexpensive generics at this point. Maybe not an option if you are totally broke / impoverished, but certainly something billionaires have access to.
- jimothywales 8y agoYou said this in at least 2 different places in this thread, but I hope you understand that 1) all drugs do not have the same effects on different patients and 2) Clonazepam is in the class of drugs known as benzodiapines, which are considered some of the most dangerous and addicting drugs given to patients. In fact, bad withdrawals from benzodiapines often result in worsened anxiety symptoms and at times hallucinations and even delusions. Throwing around alprazolam/clonazepam as a solution for anxiety is trite and can be damaging. Take caution with them.
- loeg 8y ago> You said this in at least 2 different places in this thread Only one, as far as I know. Not sure where this other phantom comment is supposed to be. > Clonazepam is in the class of drugs known as benzodiapines I'm not sure why you picked that one in particular; Alprazolam is as well (and is perhaps the more well-known one). I'm sure you know this, but to clarify for other readers, most benzodiazepines (including these two) are in a category of drugs known as anxiolytics, as in, drugs which reduce anxiety. > which are considered some of the most dangerous and addicting drugs given to patients Wikipedia mostly disagrees with that claim.[0] Nevertheless, even taking the claim at face value, they are given to patients because they do have great therapeutic use, or at least little harm, for the vast majority. And in general, Alprazolam's shorter duration of action probably lends itself more to abuse than Clonazepam — hence first-line preference for Clonazepam in treatment. > Throwing around alprazolam/clonazepam as a solution for anxiety is trite and can be damaging. I did not intend to suggest they're some kind of magic bullet. Re-reading my comment, maybe it suggests that. Sorry! Sure, they don't necessarily solve the underlying problem. But they are a useful tool, and certainly may help. [0]: https://en.wikipedia.org/wiki/Drug_harmfulness https://en.wikipedia.org/wiki/Drug_harmfulness