1033
submitted 8 months ago by return2ozma@lemmy.world to c/news@lemmy.world

Paywall removed https://archive.is/WGWDo

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[-] BananaTrifleViolin@lemmy.world 10 points 8 months ago* (last edited 8 months ago)

He sold the company for $1.6bn, but he had a 10% stake. So his stake was worth $160m. He kept $100m. So he gave away $60m.

He did not give away a billion dollars. The article headline and the article itself is written in such a way that it arguably obscures the facts and confuses.

It's great he gave away $60m but it's got little to nothing to do with his opinion that he doesn't believe in billionaires; including that in the headline makes it seem like he gave away a billion dollars.

[-] HugeNerd@lemmy.ca 8 points 8 months ago

There's also his age as a factor, he's probably more aware of his limited remaining lifespan than he would have been if he cashed out at 25, let's say.

[-] Croquette@sh.itjust.works 5 points 8 months ago

Cashing out 1.6billion at any age is generational wealth.

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[-] iAvicenna@lemmy.world 8 points 8 months ago

yea well trying to increase your wealth to billions is pretty much an addiction much akin to gambling addiction.

[-] tehn00bi@lemmy.world 7 points 8 months ago

Gave the rest… to his employees… right??

[-] chocrates@piefed.world 11 points 8 months ago

Lol, they probably set up a foundation and now don't have to ever pay taxes again

[-] Daft_ish@lemmy.dbzer0.com 6 points 8 months ago* (last edited 8 months ago)

Thats fucked up, why sell it? Give it back to the workers.

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[-] nectar45@lemmy.zip 6 points 8 months ago

Good for him tbh, being a billionare WILL slowly corrode your mind and soul

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this post was submitted on 16 Aug 2025
1033 points (97.7% liked)

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