Re:A letter to our daughter
by anonu on Tuesday December 01, 2015 @04:35PM
(#10658970)
Crazy. Even crazier when you realize that that 1% is $450 million....
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Re:A letter to our daughter
by gordon_freeman on Tuesday December 01, 2015 @04:39PM
(#10659010)
so Max will still be (half) a billionaire once she grows up.
She'll be way richer than that.
They'll donate 99% of their shares along their lifetimes. In the meantime, they'll get cash in several ways: dividends, salaries, bonuses, etc.
Re:A letter to our daughter
by gordon_freeman on Tuesday December 01, 2015 @08:49PM
(#10660341)
Zuck takes only $1 as salary btw from facebook.
Mr. Zuckerberg probably has other assets ;)
Re:A letter to our daughter
by goatforce5 on Tuesday December 01, 2015 @04:57PM
(#10659163)
Assuming Facebook maintains it's valuation.
Empires grow and empires crumble.
Chances are at least 1% of their wealth will be put into something stable. Index funds, bonds, treasuries. Hell, cash'd be fine.
Re:A letter to our daughter
by clock_tower on Tuesday December 01, 2015 @05:08PM
(#10659253)
Indeed. Bill Gates owns a railroad in Wisconsin, for example.
So much for the three comma club.