Everyone knows the tale of Brand X getting bought out by some faceless global conglomerate and going to shit, but does the opposite ever happen?
Everyone knows the tale of Brand X getting bought out by some faceless global conglomerate and going to shit, but does the opposite ever happen?
If I had to pin an exact date on it, it’d be when he bought the most expensive mansion in Beverly Hills (at the time, $70M was a lot for a mansion).
Why? Because you need to deal with life changes one thing at a time. Pro-tip for the future billionaires currently scrolling this comment section: don’t move away from your friends, family, and home country immediately after getting rich – it might screw with your head a little bit. Do what the old money does: stay grounded, dress down, and pretend to be normal.
Me, penniless: Yep, I’m so normal *nervous laughter*
Quite the rolemodel, I’d say! You make it look easy
Stuff like this is why old money laughs at new money.
Of course, if Notch doesn’t have kids, what’s he holding on to it for…
Far be it from me to demand frugality from a billionaire. It would have been wiser to waste money without simultaneously scoring an “own goal” on his mental health, though…
No one is really ready to get a check for $2.5B.
That $70M house was 2.8% of his payout from Microsoft. That would be like someone with $10M buying a $280,000 house. The house wasn’t that crazy of a purchase in terms of price, but didn’t do anything to help give him ties to a community, which is probably what he really needed. Maybe he thought it would get him into the Hollywood community, but he was a fish out of water.
Living, as I do, in a town where I don’t know very many people, I would move back to my hometown to be with my old friends if I got rich. I think that’s the way to do it.