4 ms·

Having a very brief look at the world of the ultra rich through an acquaintance of a friend, Im pretty sure that "reputation" to those people means a very diffe

Having a very brief look at the world of the ultra rich through an acquaintance of a friend, Im pretty sure that "reputation" to those people means a very different thing than it does to us. The key thing to remember is that these people live a very luxurious lifestyle that they can fund without ever having to work a day in their lives, so funding stuff like that to them is pretty much entertainment.

pclmulqdq 4y ago
If you watch the expert testimony from the Depp v. Heard trial, you can see a little bit about how "reputation" is measured and how much it can matter to the rich and famous. It is a lot more like how companies measure "brand equity" than how normal people think about reputation.
- ActorNightly 4y ago
  Depp would not be considered ultra rich. Depp has a net worth of 650 million at peak, which is tiny compared to Musk, Bezos, etc.
  - javajosh 4y ago
    (I had to look this up) Musk is worth ~$240B, ~1000x more than Depp. Honestly, I'm impressed that a (and I say this with love) junkie actor could do so well. https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp https://www.investopedia.com/articles/investing/012715/5-ric...
  - wyclif 4y ago
    Not only that, but Depp is notoriously irresponsible with his wealth. Before he had to liquidate some properties because of the trial, he had an excess of houses, condos, boats, cars, and all kinds of expensive to maintain personal holdings. I don't know for sure, but from what I've seen of Elon Musk, he is a lot more conservative with his wealth—even considering the Twitter deal.
    - not2b 4y ago
      $44 billion for Twitter is not being conservative with wealth.
    - pclmulqdq 4y ago
      Elon Musk is conservative with his wealth because it's mostly on paper - he would need to sell shares to get access to it. Johnny Depp's wealth was mostly in cash. I wouldn't be surprised if Elon Musk only had about $1 billion liquid (aside from whatever goes towards paying known obligations, like the Twitter deal and tax bills), making him only 2x richer in cash terms than Johnny Depp at his peak.
      - wyclif 4y ago
        I don't really know or care about the fine details of Musk (or Depp's) wealth. All I'm pointing out is that Musk seems to have a more moderate lifestyle. He doesn't live like the archetype of a rockstar or billionaire.
        pclmulqdq 4y ago
        You must not know a lot about Musk's lifestyle either, then.
        lazide 4y ago
        And that’s without even bringing up the coterie of concubines (defacto, not de jure). I wonder what THAT child support paperwork looks like.
        KerrAvon 4y ago
        Horses are expensive.
        Maursault 4y ago
        Byproduct PMU foals cost less than a purebred kitten or puppy sold by a breeder, sometimes as low as $125. With two acres for grazing, annual cost of feeding can be as low as $100-$300 a year for an adult horse. But, I believe, you are largely correct. I don't think rich people rescue PMU horses.

pclmulqdq 4y ago

If you watch the expert testimony from the Depp v. Heard trial, you can see a little bit about how "reputation" is measured and how much it can matter to the rich and famous. It is a lot more like how companies measure "brand equity" than how normal people think about reputation.

ActorNightly 4y ago
Depp would not be considered ultra rich. Depp has a net worth of 650 million at peak, which is tiny compared to Musk, Bezos, etc.
- javajosh 4y ago
  (I had to look this up) Musk is worth ~$240B, ~1000x more than Depp. Honestly, I'm impressed that a (and I say this with love) junkie actor could do so well. https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp https://www.investopedia.com/articles/investing/012715/5-ric...
- wyclif 4y ago
  Not only that, but Depp is notoriously irresponsible with his wealth. Before he had to liquidate some properties because of the trial, he had an excess of houses, condos, boats, cars, and all kinds of expensive to maintain personal holdings. I don't know for sure, but from what I've seen of Elon Musk, he is a lot more conservative with his wealth—even considering the Twitter deal.
  - not2b 4y ago
    $44 billion for Twitter is not being conservative with wealth.
  - pclmulqdq 4y ago
    Elon Musk is conservative with his wealth because it's mostly on paper - he would need to sell shares to get access to it. Johnny Depp's wealth was mostly in cash. I wouldn't be surprised if Elon Musk only had about $1 billion liquid (aside from whatever goes towards paying known obligations, like the Twitter deal and tax bills), making him only 2x richer in cash terms than Johnny Depp at his peak.
    - wyclif 4y ago
      I don't really know or care about the fine details of Musk (or Depp's) wealth. All I'm pointing out is that Musk seems to have a more moderate lifestyle. He doesn't live like the archetype of a rockstar or billionaire.
      - pclmulqdq 4y ago
        You must not know a lot about Musk's lifestyle either, then.
        lazide 4y ago
        And that’s without even bringing up the coterie of concubines (defacto, not de jure). I wonder what THAT child support paperwork looks like.
        KerrAvon 4y ago
        Horses are expensive.
        Maursault 4y ago
        Byproduct PMU foals cost less than a purebred kitten or puppy sold by a breeder, sometimes as low as $125. With two acres for grazing, annual cost of feeding can be as low as $100-$300 a year for an adult horse. But, I believe, you are largely correct. I don't think rich people rescue PMU horses.