Secret Fears of the Super-Rich

Re:Secret Fears of the Super-Rich by larrik on Thursday March 24, 2011 @03:16PM (#2365457)

The thing I kept thinking of, especially whenever they were talking about "enough to be financially secure" was a quote from Ted Turner just after he donated a billion dollars to the UN. (I can't find the quote online, I saw it on TV)

It went something like this: "I've found that a person really can't spend more than $200 million dollars in their lifetime. Even if you make no attempts to save it or spend it wisely, it's very hard to squander $200 million so badly that you are left with nothing" (that was the gist, at least, but this is from memory)

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Re:Secret Fears of the Super-Rich by anagnorisis on Thursday March 24, 2011 @03:22PM (#2365480)

The refutation to Ted would be to spend some quality time at the Bellagio poker room.

Then again, Ted's likely just referencing people who at least have shreds of sanity in them.

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Re:Secret Fears of the Super-Rich by gersh on Thursday March 24, 2011 @05:06PM (#2365961)

How did Mike Tyson do it? He reportedly blew $300 million.

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Re:Secret Fears of the Super-Rich by gamble on Thursday March 24, 2011 @07:34PM (#2366479)

Bad advisors, bad friends, and bad investments.

If you've really got a fortune to squander, that's the way to do it.

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Re:Secret Fears of the Super-Rich by elechi on Thursday March 24, 2011 @09:30PM (#2366788)

That was only half of his problems. Divorce, a decent chunk of change. Battery assault? Rape? Decent chunk of change. People literally stealing money from you.

Tyson's problems had nothing to do with money. Money just made his problems more expensive.

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Re:Secret Fears of the Super-Rich by lurker14 on Friday March 25, 2011 @01:08AM (#2367341)

One could invest in something like Color 5 times in 5 years.

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