Shouldn't that be accruing interest in a bank somewhere? Or cautiously invested in mutual funds?50 cent is very wealthy, in the hundreds of millions of dollars range He personally made 400 million on the sale of vitamin water. So for him this is only a small portion. The relative interest on that $2 million isn't much compared to the income from his other investments.
billyfleetwood: As to 50 cent, I'm not a big fan, but from what I've seen, he's a pretty savvy businessman, and has a pretty good sense of humor.Ugh, I so hate this trope that someone who is rich is somehow a "savvy" business person. I hate it when applied to celebrities who become very rich, and I hate it when applied to actual businessmen and businesswomen. There's an old saying that goes something like "Turning $100 into $110 is hard work; turning $100 million into $110 million is inevitable".
Justinian: Except, of course, that it is not. A surprisingly large fraction of people who come into a lot of money end up blowing it.Come now, you're being willfully disingenuous, as you know what I mean: yes, lottery winners and sports stars/celebrities who develop lifestyles of wanton excess will blow through their money stupidly. Anyone who isn't so gluttonous or shortsighted basically will see their money grow steadily.
jnnla: But you do like 'In Da Club' right?What the heck, did the 50-cent Fan Club just show up? No, not particularly, it's a boring song.
« Older "Measuring quality is difficult; measuring quantit... | Via Secrecy News: Millions of ... Newer »
This thread has been archived and is closed to new comments
posted by spicynuts at 8:59 AM on February 28, 2011 [3 favorites]