Re:How Craigslist Makes Money
by mi100hael on Monday May 15, 2017 @04:34PM
(#14344884)
Paul Allen spent about $200 mil on his super yacht, which one could categorize under "hobbies & traveling." I imagine once you hit 8 figures, a new class of shiny toys all of a sudden feel within reach and become a lot more tempting to a lot of people.
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Re:How Craigslist Makes Money
by creepydata on Monday May 15, 2017 @09:38PM
(#14346761)
That's called "lifestyle inflation," and it's real. Your lifestyle inflates to your income. People tend to spend $40k a year if their salary is $40k a year and spend $500k a year if their salary is $500k a year.
For sure. At 20 billion USD, Paul Allen is in the 11 digit club (googled "paul allen net worth"). If that is mostly Microsoft stock a 2.25% divivend [1] is gonna throw off like $450 million a year in cash. I would have to get real creative to spend a fraction of the wealth.