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this post was submitted on 09 Aug 2024
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Maybe it doesn't reach your criteria of a "certain level", but there's definitely stories of people winning significant amounts of money in the lottery and being broke years later because they are morons.
It doesn't, Cris Rock explained it very well:
Kobe Bryant is rich, he gets a paycheck of 100 mil per year.
Now, wealthy is the guy that signs that check.
Chris Rock is a pretty smart motherfucker.
We should make sure he gets the big piece of chicken
You need to reach the level and get the nepotism engine to collect you. A lotto winner could probably attend an event and sieg heil in front of Peter Thiel. That's like calling a taxi into nepotism. Typical lotto winners just spend it all frivolously instead.
You’re not seriously comparing a lotto winner to someone with global oligarch levels of wealth right now, are you? I have more respect for your intelligence than that my man.
Right. You do have to still be smart enough in some way to retain the money/power. Or lucky/connected enough (daddy is watching out that dumb-as-rocks junior doesn't blow all of his $100m, etc)
If you earned 100m in your lifetime, you've only had a 10th of a billion dollars.
Musk has hundreds of billions of dollars.
That's a very, very big difference. He could literally set aside enough money for 10 very wealthy life times, and not even make a dent in his play money.
I'd call earning 30 mil over 60 years "very wealthy," which would net you 3333 lifetimes at that rate out of 100 billion.
Starting at 18 years old At that rate you could pay off a 3 bedroom house in a major city before you were 21. Even if you had to work 8-6, 6 days a week for that money you could probably retire by 40 years old.
That's a good point.