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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)

submitted 4 months ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[-] matt1126@feddit.uk 10 points 4 months ago

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.

[-] TheRealKuni@lemmy.world 5 points 4 months ago

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.

[-] matt1126@feddit.uk 3 points 4 months ago

For sure, not financial advice but more of an indication of the absurd amount of money $200+ million is.

this post was submitted on 28 Aug 2024

185 points (96.0% liked)

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