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by jacquesm
3393 days ago
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If you don't get deals because you don't shower then that's a solved problem since Roman times and you should only blame yourself ;) Other than that, yes, billionaires have some advantages that us ordinary mortals do not have. But to stick with Elon Musk, he wasn't born a billionaire (but he did go to a private school, but that's not unheard of in SA). Once you're past $1M net worth or so the game gets easier, sometimes a lot easier. But $1M vs $1B doesn't make much of a difference if the business tanks and you've invested all of your capital in your own business. And that's the main reason you don't see billionaires usually spending all their money on their own projects: they spread the risk around to avoid possibly losing it all. |
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Absolutely!
> Once you're past $1M net worth or so the game gets easier, sometimes a lot easier.
I sometimes feel that difficulty of doing business is halved with very order of magnitude, being friends with business owners whose net worth are between 10k€ and 50M€. My 50M€ friend has access to things my 10k€ wouldn't even believe exists.
50M€ is "let me talk to the ministry chief of staff about this. I'll also talk to the CEO of a fortune 500 company about this mild inconvenience"
10k€ is queuing at the city building in the hope that maybe someone will do something about the closed road leading to your shop.
> But $1M vs $1B doesn't make much of a difference if the business tanks and you've invested all of your capital in your own business.
> And that's the main reason you don't see billionaires usually spending all their money on their own projects: they spread the risk around to avoid possibly losing it all.