this post was submitted on 18 Jun 2024
602 points (99.3% liked)

World News

38979 readers
2584 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 39 points 4 months ago (17 children)

The biggest lotto win in the USA was $2.04 BN, in California. Subtract taxes and there is no way that comes close to the account of money other billionaires have ammassed, even assuming there was no outstanding debt to pay and the money was invested in high-yield investments (green or not). I believe you're right.

[–] [email protected] 19 points 4 months ago (16 children)

In theory a modern artist, writer, musician, etc could become a billionaire from direct to customer sales, but I'll believe it when it happens.

[–] [email protected] 15 points 4 months ago (7 children)

Isn't Taylor Swift a billionaire? That is about the extent of my knowledge of her though.

[–] [email protected] 34 points 4 months ago* (last edited 4 months ago) (1 children)

Wasn't Taylor Swift born into a wealthy family? That's why she could take the time and chances to become a pop star. Not that I'm saying she isn't talented, she obviously is, but a lot of talented poor kids don't get that opportunity.

[–] [email protected] 6 points 4 months ago (2 children)

Yeah. But I wonder if she’s the first billionaire off actual performance and content sales.

[–] [email protected] 13 points 4 months ago (1 children)

Kanye supposedly was before he lost all his endorsements for openly being a Nazi. Artists dont actually own any means of production so they can very quickly lose everything.

[–] [email protected] 7 points 4 months ago (2 children)

Some do. Some, like Shaq or Ryan Reynolds (or Kanye) use their money to invest in other companies. Ryan Reynolds coming out and saying Nazi shit would probably be bad for Mint, just like Ye's controversy was bad for Yeezy, just like Elon's controversy is bad for Tesla.

[–] [email protected] 5 points 4 months ago

Kanye lost about 2/3rds of his net worth over night because Nike dropped the Yeezy brand. Being a partial owner of a niche brand is in no way comparable to someone like Musk who has controling interest in multiple market leading companies. Celebrity status can be leveraged to get a minority stake in a company, but minority owners can be forced out just as easily.

[–] [email protected] 2 points 4 months ago

Reynolds sold Mint. They are now owned by one of the big 2

[–] [email protected] 2 points 4 months ago

I think Paul McCartney was

load more comments (5 replies)
load more comments (13 replies)
load more comments (13 replies)