Re:Chuck Feeney Is Now Officially Broke (2020)
by coldtea on Wednesday April 14, 2021 @07:02AM
(#26805401)
>So yeah, I wish I'd be broke with a $2 million net worth
You wish it now, which is a trivial wish to increase your net worth.
The impressive thing would be if you would wish it once you had 8 billion dollars in the bank, when it would be a wish to hugely decrease your net worth, like this person.
Re:Chuck Feeney Is Now Officially Broke (2020)
by camillomiller on Wednesday April 14, 2021 @08:26AM
(#26806117)
I have but admiration for the guy. I’m just questioning the offensive definition of “broke” according to Forbes.
Re:Chuck Feeney Is Now Officially Broke (2020)
by pc86 on Wednesday April 14, 2021 @07:05AM
(#26805423)
I agree it's not exactly broke by any reasonable definition, but keep in mind the man is 89 years old. This is his retirement, and while statistically he could spend $200-250k/yr and probably have a bit left over when he dies, conventional wisdom says he can pull off $75-80k/yr if he wants to pass on the majority of the principal. Not exactly living the lifestyle of a billionaire.
> Over the last four decades, Feeney has donated more than $8 billion to charities, universities and foundations worldwide through his foundation, the Atlantic Philanthropies. When I first met him in 2012, he estimated he had set aside about $2 million for his and his wife's retirement. In other words, he's given away 375,000% more money than his current net worth.
So yeah, I wish I'd be broke with a $2 million net worth.