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> Give a billionaire $20M, see the money go into the fintech machine and pour out into offshore accounts, as the billionaire holds on to whatever financial prod
by numair 5y ago
> Give a billionaire $20M, see the money go into the fintech machine and pour out into offshore accounts, as the billionaire holds on to whatever financial product they bought forever as long as it appreciates faster than inflation.
I know someone who was given a couple hundred million in a GRAT, which grew well beyond $1B, in the exact manner you reference. They aren’t on any of the lists, but I can confirm this exact scenario does, in fact exist.
> Oh, and they'll spend $200 on a fancy dinner.
You forgot about the drugs!