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Re:John Carmack: My Steve Jobs Stories by gnode on Monday May 14, 2018 @02:15PM (#17067958)
I'm not sure that's evidence that he still has that kind of wealth. To quote Elon Musk: "If you want to make a small fortune in the launch vehicle business, start with a large one."

Armadillo Aerospace went into "hibernation" in 2013 and sold off its assets.

Re:John Carmack: My Steve Jobs Stories by adventured on Monday May 14, 2018 @07:43PM (#17070419)
Three strong counter points to that.

1) id Software sold to Zenimax for $150 million. [1] John Carmack was a large shareholder at the time and claimed a year ago that Zenimax still owes him another $22.5 million. Adrian Carmack owned 41% of id when he was fired & bought out of the company in 2005. From that ownership consolidation, it's very likely John had 1/3 or more of the company when it was sold to Zenimax.

2) Oculus was purchased for $2 billion. $400m in cash and 23 million shares of Facebook. Those shares would now be worth $4.2 billion. Carmack owned a position in Oculus pre the Andreessen Horowitz investment. A 1% stake would have been a substantial windfall.

3) He earned a large amount of money from being an owner of id Software from the Wolfenstein days forward.

According to Wired, he put $8m into Armadillo before closing it down. The id sale alone covers that cost at least twice over after taxes.

[1] https://arstechnica.com/tech-policy/2017/03/john-carmack-zen...

Re:John Carmack: My Steve Jobs Stories by seanp2k2 on Monday May 14, 2018 @03:15PM (#17068526)
FWIW that phrase has been around for a long time. It’s fairly common in the aviation industry, but it’s used in others as well: https://ask.metafilter.com/91579/Who-came-up-with-this-joke