[silverquiet]

That's such a strange number to me these days. If I got paid that much in a year, I'd instantly retire, and yet it's still essentially nothing compared to $1 billion, which Elon Musk probably makes or loses in an average day (and has lost much more than that over the past few months due to the drop in TSLA) and has no actual effect on his lifestyle.

[rodgerd]

The only CEO who I've worked for who I would describe as winning at capitalism is a former bank CEO who worked in the job for 8 years, retired in his late forties (IIRC) having pulled in a minimum of $50m over that time. And actually retired.

The rest of these people are as addicted as heroin addicts.

[deadbabe]

Why retire? You work just a few more years and you’ll have $100million+

[marssaxman]

The more money you have, the less utility you gain from each additional dollar; the longer you wait, the more valuable each remaining year of life becomes. At some point you're not going to have enough (healthy, active) lifetime left to do anything interesting with more money, even if you could get it.

[jemmyw]

because you can do everything you want to do for the rest of your life for $30million and don't need to continue working for 100?

[deadbabe]

No you can’t? You can blow $20 million on a house that then costs $500k a year in maintenance, and that’s just the beginning.

And then you might say well just buy a regular house?? Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.

[marssaxman]

The list of foolish things a person might do to squander a fortune is effectively endless, but one also has the freedom to refrain from being stupid.

[disambiguation]

Warren buffet would like a word.

https://www.fancypantshomes.com/celebrity-homes/warren-buffe...

> For six decades, Buffett has lived in the same residence in the central Dundee neighborhood of Omaha, Neb. The “Oracle of Omaha” purchased the home for $31,500, which would be worth about $250,000 in today’s dollars.

> As it turns out, the house was the “third-best investment” he’s ever made, Buffett wrote in a letter to his shareholders in 2010.

[jemmyw]

I mean, you pretty much answered your own question with "blow" which doesn't indicate it being a worthwhile purchase.

The people I know who have done well in business don't have extremely fancy houses anyway. They vacation a lot.

> Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.

People's priorities change. Maybe you're driven and got that kind of position and then think shit I can leave this and live well for the rest of my life.

[zem]

do that a few more times and pretty soon you're taking real money