There's also his age as a factor, he's probably more aware of his limited remaining lifespan than he would have been if he cashed out at 25, let's say.
this post was submitted on 16 Aug 2025
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If only he believed in himself, he could have been a billionaire…
Oh. I thought this was The Onion for a second when I saw the title.
The question is: does it bring lasting benefits to the people?
If he gives away a billion once, eventually it will be consumed and then we're stuck in the same situation again. The rich must give money away repeatedly, that's the only way to sustain society going forward. For that, solid and robust policy changes will have to be implemented.
Well, yeah, I mean you are not wrong but in this case the guy sold his company for a billion (or rather more) and I assume that company wasn't running for just a few months. So in order to do it again he'd first have to start another company that reaches that selling price.
Other billionaires of course would need to keep giving back money they continuously amass, yes.
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He's not wrong. Being circled by scavengars like some kind of dying leviathan is not a sane way to live.
Wait is this really a good rich person? I have to think something's up
In the military there were two kinds of officers: the ones moved from enlisted to officer through schooling and hard work and the ones who started their career in ROTC.
The ones who came up from nothing were always the first to help out the workers and rarely pulled rank. They wanted the entire unit to don well and were not above getting dirty. They were also the most highly respected for it.
The worst and most selfish officers were the ones who came out of ROTC as officers and were essentially police, but with rank only. They sucked and no one liked them and any respect they received was only due to their rank, never to them.
I feel humility and the actual act of working your way to the top is the only way to maintain a connection to your humanity. So many of the current ultra wealthy come from money, didn't work for it, and don't know how to be a human being as a result of it. The last time that kind of generational-wealth was flaunted while the masses starved and suffered, it was in France, and there were a lot of removed heads. The only thing that saved the rich during the Great Depression was the fact there were a lot of them that lost everything as well. Almost everyone was in the same boat.
Those at the top will learn, soon enough, that they only maintain their wealth through the grace of those near the bottom. Squeeze too hard and their whole world will come down around them.
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Gen Xer, we're mostly cool. Still some ass hats but most of us try to be cool, do the right things
Oh, sorry, forgot you were here
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Better than most but at the end of the day it would have been nice to give that money to the people that built the company he sold for $1.6B.
I would think there’s a lot of talented people that worked hard to build the value of that company such that he could sell it for a huge amount of money.
Definitely better than buying a yacht, but he still got to decide what to do with the value created by others.
AppNexus employs 1000 people across 5 continents. If the ceo has an extra $1.5B kicking around he could have given every person that helped build AppNexus $1.5M, which is a truly life changing amount of money for your average person.
Yeah that amount of money would change my life I knew there was something wrong about this thank you for pointing this out
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I'd take just one single measly Canadian million dollars, buy a ~300-400K small house far from the city with enough land to have peace and quiet, and maybe try a greenhouse for vegetables.
That leaves enough money with what I already have to cover never working again, various moving expenses, some repairs and renos, and maybe the occasional weekend transexual escort in my whirlpool.
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yea well trying to increase your wealth to billions is pretty much an addiction much akin to gambling addiction.
if i ruled the world no single person would have more than 1bn, hence why it would never happen. (id be very unqualified)
Most of the assclowns running shit now are horribly unfit. At least you have some perspective.
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Russian Nobleman paradox. 100 million is still a lot though. Company was AppNexus, name rings a bell. Sold to AT&T.
Even still, $100m is more than enough to live a very comfortable life and secure your family's future. No one needs $1b.
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