Money is just something you trade for something you need or want. For most of us, we exchange money for stuff (food, clothing, shelter, transportation, toys, e

Money is just something you trade for something you need or want. For most of us, we exchange money for stuff (food, clothing, shelter, transportation, toys, etc). At some point, if you earn enough, you exchange money for time. You no longer need a job, and can spend your days as you wish because the stuff that you need is covered. And then beyond that, when you are free and have no risk, what do you spend money on? There comes a point where ultra wealthy people spend it on power, control, and influence. If the money is taxed, it is no longer available to you to spend. But, if there were a way to shift it to a place where you could direct it in ways that you want for causes, power, or influence, then it remains effectively in your control. He didn't lose the money. He may lost his ability to use it to buy himself stuff, but he doesn't want stuff at this point.