[bemmu]

Super extravagant, but to blow $150k any random weekend you "only" need to be making ~$10M/year. A massive amount, but I'm guessing even many HN users have businesses making in excess of that (feel free to invite me to your next party).

[HWR_14]

I don't understand where you got the 10MM/year number from. Blowing 150k/weekend requires 7.8MM/year. Double it for taxes and you get to make 15MM/year just to pay for the talent on your private shows. If you want to live indoors or eat you'll need more money.

[lnsru]

Do it as a company event with pre-tax money!

[nindalf]

bemmu said a random weekend, not 52 weekends a year.

[HWR_14]

Bemmu said a random weekend, so I would expect it to cost about the average of what they spend when no big events were happening . I didn't even add blow out weekends for vacations or major events.

[listenallyall]

But bemmu also calculated that you need $10 million, as if he were calculating doing this every weekend. I mean, to do it once, you only need $150,000.

[nindalf]

Here's an alternate explanation for his calculation. People usually spend around 2-4% of their annual income on vacations. Depends on a lot of factors of course, but that's a reasonable amount. A person earning $10M could afford to blow 2% on one weekend ($200k), 2% on fancy vacations rest of the year and still spend consider themselves fairly responsible.

[Veen]

How much would an ordinary person earning $60,000 be prepared to spend on a big weekend blowout with live music, drinking, partying, clothes etc. Now scale that up to a person earning $10,000,000.

[listenallyall]

It doesn't scale linearly, more like exponentially. Wealthy people can devote a much, much larger percent of their income towards discretionary spending.