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One thing I'm curious about is if billionaire money is actually worth the same as our money, it seems like a sink. Once enough money is in the same place, movin
by lillecarl 5y ago
One thing I'm curious about is if billionaire money is actually worth the same as our money, it seems like a sink. Once enough money is in the same place, moving it causes impacts that could devalue it.
I mean you can buy cool boats(ships) and never lift a finger again in your life, but it's not actually usable on the scale we think right?
- reedjosh 5y agoThat's what charitable foundations/trusts are about.
- Igelau 5y agoThat's why you move it in weird ways. Like fine art and crypto.
- sjtindell 5y agoIt definitely is. Jho Lo is a great example of this. He burned through billions, with a capital B, in only a few years time. Boats, houses, financing film projects (The Wolf of Wall Street, you can’t make this up), gambling millions of dollars at a time on single hands of blackjack. A member of his entourage abandoned the life because he couldn’t emotionally handle watching Lo spend more on bottle service at the clubs in a single night than his entire extended family would ever earn in their lives. I think most rich people are just relatively staid in their spending, despite the multi million dollar homes and all that.