6 ms·

Crazy Bobby is not even a billionaire considering how unethical his leadership methods are.

hannasanarion 5y ago
Bobby is definitely a billionaire. His net worth is currently estimated at $7 billion. After all, how could you possibly not be a billionaire when you're reaping a salary of $150 million for 12 years?
- WJW 5y ago
  By spending more than 66.66667 million USD per year, obviously. The same reason that my personal net worth is quite a bit lower than the sum of my incomes over the years.
- pyrrhotech 5y ago
  150 million after tax = 75 million. Spend half and save half, left with 37.5 million. Investing 3 million a month at 10% returns gets you to 800M after 12 years. It's damn hard to become a billionaire, even when you make 150M. Most reports I've seen have Kotick's net worth significantly less than 800M though. He's known as a very high spender
  - Miner49er 5y ago
    It's not hard if you make that much, just make $150 million and live like you make $100,000. Invest $74.9 million a year at even just 3% a year makes you a billionaire. I don't see how not spending $37 million is hard.
    - datavirtue 5y ago
      Live like you make $100k? So like border line poverty?
      - Miner49er 5y ago
        The median income in the US is around $36,000 a year. $100k a year is a lot of money.
        dkersten 5y ago
        Besides, you could also live as if you make a million and still have 74 million a year after tax to save.
        scrollaway 5y ago
        But, why? If you're making $150 million / year, why would you "live as if you make a million"? Like, what are you saving up for? A rainy day?
        dkersten 5y ago
        To become a billionaire, of course! I mean, yeah, I wouldn't care, life's too short not to use the money for something.
      - lovich 5y ago
        Do you actually believe that's borderline poverty?
    - pixiemagic 5y ago
      This is true, but I think there's plenty of evidence that Bobby doesn't live like he makes $100k. The private jet alone would be many times more than that.
  - AnIdiotOnTheNet 5y ago
    You say that like saving more than half of $75M is really hard...
    - tmccrary55 5y ago
      Private jet fuel and maintenance aren't cheap.
  - triceratops 5y ago
    > 150 million after tax = 75 million That's utterly ridiculous, you haven't even accounted for 401k and IRA deductions. /s Jokes apart, why would you spend $37.5m/year? At that level of wealth and compensation, I'm sure there are super-low-interest, tax-deductible loans available for most of one's spending.
  - gmadsen 5y ago
    I feel like you are intentionally making the numbers not work. Who in their right mind spends 37 million a year on assets with no value? That does not happen, he would not be leading a company for 12 years if he was doing that.
    - deeviant 5y ago
      > Who in their right mind spends 37 million a year on assets with no value? Buy a boat, then you will see exactly how one could do this...
      - Strom 5y ago
        Instead of telling us to buy a boat, you could describe why you think buying a boat will lead to assets with no value.
        Supermancho 5y ago
        > A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. It's not hard to figure out how to hemorrhage cash. There was a movie about this - Brewster's Millions.
        Strom 5y ago
        That's a great quote. The $4.75 million given is an order of magnitude lower than the $37 million per year that Kotick would need to spend. Surely he doesn't have eight 180-foot mega yachts.
        deeviant 5y ago
        Instead of whining for hand holding, perhaps take 45 seconds and research why buying a boat is a huge money sink? Regardless my post was half humor and half truth and you asking for a break down is baffling to me.
  - EpicEng 5y ago
    As if that $150M were paid in cash alone. The majority of it is in stock, because of course it is.

Bobby is definitely a billionaire. His net worth is currently estimated at $7 billion. After all, how could you possibly not be a billionaire when you're reaping a salary of $150 million for 12 years?

WJW 5y ago
By spending more than 66.66667 million USD per year, obviously. The same reason that my personal net worth is quite a bit lower than the sum of my incomes over the years.
pyrrhotech 5y ago
150 million after tax = 75 million. Spend half and save half, left with 37.5 million. Investing 3 million a month at 10% returns gets you to 800M after 12 years. It's damn hard to become a billionaire, even when you make 150M. Most reports I've seen have Kotick's net worth significantly less than 800M though. He's known as a very high spender
- Miner49er 5y ago
  It's not hard if you make that much, just make $150 million and live like you make $100,000. Invest $74.9 million a year at even just 3% a year makes you a billionaire. I don't see how not spending $37 million is hard.
  - datavirtue 5y ago
    Live like you make $100k? So like border line poverty?
    - Miner49er 5y ago
      The median income in the US is around $36,000 a year. $100k a year is a lot of money.
      - dkersten 5y ago
        Besides, you could also live as if you make a million and still have 74 million a year after tax to save.
        scrollaway 5y ago
        But, why? If you're making $150 million / year, why would you "live as if you make a million"? Like, what are you saving up for? A rainy day?
        dkersten 5y ago
        To become a billionaire, of course! I mean, yeah, I wouldn't care, life's too short not to use the money for something.
    - lovich 5y ago
      Do you actually believe that's borderline poverty?
  - pixiemagic 5y ago
    This is true, but I think there's plenty of evidence that Bobby doesn't live like he makes $100k. The private jet alone would be many times more than that.
- AnIdiotOnTheNet 5y ago
  You say that like saving more than half of $75M is really hard...
  - tmccrary55 5y ago
    Private jet fuel and maintenance aren't cheap.
- triceratops 5y ago
  > 150 million after tax = 75 million That's utterly ridiculous, you haven't even accounted for 401k and IRA deductions. /s Jokes apart, why would you spend $37.5m/year? At that level of wealth and compensation, I'm sure there are super-low-interest, tax-deductible loans available for most of one's spending.
- gmadsen 5y ago
  I feel like you are intentionally making the numbers not work. Who in their right mind spends 37 million a year on assets with no value? That does not happen, he would not be leading a company for 12 years if he was doing that.
  - deeviant 5y ago
    > Who in their right mind spends 37 million a year on assets with no value? Buy a boat, then you will see exactly how one could do this...
    - Strom 5y ago
      Instead of telling us to buy a boat, you could describe why you think buying a boat will lead to assets with no value.
      - Supermancho 5y ago
        > A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. It's not hard to figure out how to hemorrhage cash. There was a movie about this - Brewster's Millions.
        Strom 5y ago
        That's a great quote. The $4.75 million given is an order of magnitude lower than the $37 million per year that Kotick would need to spend. Surely he doesn't have eight 180-foot mega yachts.
      - deeviant 5y ago
        Instead of whining for hand holding, perhaps take 45 seconds and research why buying a boat is a huge money sink? Regardless my post was half humor and half truth and you asking for a break down is baffling to me.
- EpicEng 5y ago
  As if that $150M were paid in cash alone. The majority of it is in stock, because of course it is.