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The article clarifies what "broke" means for Forbes. > Over the last four decades, Feeney has donated more than $8 billion to charities, universities and found
by camillomiller 6y ago
The article clarifies what "broke" means for Forbes.
> Over the last four decades, Feeney has donated more than $8 billion to charities, universities and foundations worldwide through his foundation, the Atlantic Philanthropies. When I first met him in 2012, he estimated he had set aside about $2 million for his and his wife's retirement. In other words, he's given away 375,000% more money than his current net worth.
So yeah, I wish I'd be broke with a $2 million net worth.
- coldtea 6y ago>So yeah, I wish I'd be broke with a $2 million net worth You wish it now, which is a trivial wish to increase your net worth. The impressive thing would be if you would wish it once you had 8 billion dollars in the bank, when it would be a wish to hugely decrease your net worth, like this person.
- camillomiller 6y agoI have but admiration for the guy. I’m just questioning the offensive definition of “broke” according to Forbes.
- pc86 6y agoI agree it's not exactly broke by any reasonable definition, but keep in mind the man is 89 years old. This is his retirement, and while statistically he could spend $200-250k/yr and probably have a bit left over when he dies, conventional wisdom says he can pull off $75-80k/yr if he wants to pass on the majority of the principal. Not exactly living the lifestyle of a billionaire.