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this post was submitted on 18 Jun 2024
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The biggest lotto win in the USA was $2.04 BN, in California. Subtract taxes and there is no way that comes close to the account of money other billionaires have ammassed, even assuming there was no outstanding debt to pay and the money was invested in high-yield investments (green or not). I believe you're right.
In theory a modern artist, writer, musician, etc could become a billionaire from direct to customer sales, but I'll believe it when it happens.
Isn't Taylor Swift a billionaire? That is about the extent of my knowledge of her though.
Wasn't Taylor Swift born into a wealthy family? That's why she could take the time and chances to become a pop star. Not that I'm saying she isn't talented, she obviously is, but a lot of talented poor kids don't get that opportunity.
Yeah. But I wonder if she’s the first billionaire off actual performance and content sales.
Kanye supposedly was before he lost all his endorsements for openly being a Nazi. Artists dont actually own any means of production so they can very quickly lose everything.
Some do. Some, like Shaq or Ryan Reynolds (or Kanye) use their money to invest in other companies. Ryan Reynolds coming out and saying Nazi shit would probably be bad for Mint, just like Ye's controversy was bad for Yeezy, just like Elon's controversy is bad for Tesla.
Kanye lost about 2/3rds of his net worth over night because Nike dropped the Yeezy brand. Being a partial owner of a niche brand is in no way comparable to someone like Musk who has controling interest in multiple market leading companies. Celebrity status can be leveraged to get a minority stake in a company, but minority owners can be forced out just as easily.
Reynolds sold Mint. They are now owned by one of the big 2
I think Paul McCartney was