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Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions
(finance.yahoo.com)
this post was submitted on 28 Aug 2024
183 points (96.4% liked)
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Jeez, the poor guy... only $225 mill... how do you go on living when you've sunk that low? ~/s~
I’ve done the math. I could live my entire life without working (except for fun) on $6 million. This MF has $225 million and describes it as losing all his money.
Fuck that guy.
You could live comfortably on the interest alone on $6 million, even with just a 1% AER you'd be getting $5k gross per month.
So yeah, fuck that guy.
Exactly. Although you can conservatively invest like, two thirds of it, and live much more extravagantly than $5k per month and still never run out.
For sure, not financial advice but more of an indication of the absurd amount of money $200+ million is.