How Minecraft’s creator is blowing his fortune

I wouldn't spend $70 million on a house. Would make that money last so I don't have to work again :p
 
Tsar said:
I wouldn't spend $70 million on a house. Would make that money last so I don't have to work again :p
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Afaik that price included designer furniture in the house. You'd be surprised how much it costs to furnish a large house. Add to that a big fancy mansion and you soon end up spending almost as much as the cost of the house itself.

Besides, with R16.5bn you can spend a little before worrying about saving... Just R1bn in investment is enough to settle you with passive income for multiple lifetimes.
 
FarligOpptreden said:
Afaik that price included designer furniture in the house. You'd be surprised how much it costs to furnish a large house. Add to that a big fancy mansion and you soon end up spending almost as much as the cost of the house itself.

Besides, with R16.5bn you can spend a little before worrying about saving... Just R1bn in investment is enough to settle you with passive income for multiple lifetimes.
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Yeah notch is sorted for life with that amount of money.

If I was in his position, I would've done the same. And his statement rings true -
“It’s a very stupid way to spend money,” he told the magazine. “But why not? People say, ‘You should invest it.’ So I can get more money to put in a pile? At least if you spend it, it goes back and does something, maybe.”
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FarligOpptreden said:
Afaik that price included designer furniture in the house. You'd be surprised how much it costs to furnish a large house. Add to that a big fancy mansion and you soon end up spending almost as much as the cost of the house itself.

Besides, with R16.5bn you can spend a little before worrying about saving... Just R1bn in investment is enough to settle you with passive income for multiple lifetimes.
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You talking rand lol. Firstly If I had shit tone of money I wouldn't come back to sa :p

Secondly money can be spent very quickly. I would have a nice place not to big. And buy a little gold and silver and live a comfortable life. but thats just what I would do.
 
Tsar said:
You talking rand lol. Firstly If I had shit tone of money I wouldn't come back to sa :p

Secondly money can be spent very quickly. I would have a nice place not to big. And buy a little gold and silver and live a comfortable life. but thats just what I would do.
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I talked Rand to put it in context of what most people here are used to. He walked away with an 11 figure amount of money in Rands. ELEVEN FIGURES. That's a crap load of money. You will really struggle to use that up in your lifetime.

That insane house be bought only made a 4.2% dent in his wallet. How many of those house would any person want to buy? Considering a house is THE biggest expense anyone is likely to have, he probably still has at least 90% of his fortune left after spending it on the house, cars and other useless junk.

If he invests only 10% of that money he has another 80% to waste. That is still a cool R13bn to waste over a period of 50 years, which equates to roughly R264mil. That gives him R22mil EACH MONTH while he still invested R1.65bn (10%). He could buy a top house in ZA every month if he wanted to.
 
FarligOpptreden said:
I talked Rand to put it in context of what most people here are used to. He walked away with an 11 figure amount of money in Rands. ELEVEN FIGURES. That's a crap load of money. You will really struggle to use that up in your lifetime.

That insane house be bought only made a 4.2% dent in his wallet. How many of those house would any person want to buy? Considering a house is THE biggest expense anyone is likely to have, he probably still has at least 90% of his fortune left after spending it on the house, cars and other useless junk.

If he invests only 10% of that money he has another 80% to waste. That is still a cool R13bn to waste over a period of 50 years, which equates to roughly R264mil. That gives him R22mil EACH MONTH while he still invested R1.65bn (10%). He could buy a top house in ZA every month if he wanted to.
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Yeah I agree that his splurge is still nothing in comparison to his overall worth. Opulence becomes an entirely different conversation once you reach this level of wealth . I highly doubt that if anyone here had this amount of wealth accessible to them that they would be able to easily refrain from spending similar amounts on their dream homes
 
Tsar said:
You talking rand lol. Firstly If I had shit tone of money I wouldn't come back to sa [emoji14]

Secondly money can be spent very quickly. I would have a nice place not to big. And buy a little gold and silver and live a comfortable life. but thats just what I would do.
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Money can go quickly. But even an incredible hedonist would struggle to realistically deplete this much unless that was the express purpose
 
i were him i would buy another house or 20 like that but just in different countries.
He could then fly to each place every month and just live a little.
 
Snare said:
Money can go quickly. But even an incredible hedonist would struggle to realistically deplete this much unless that was the express purpose
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Just have to do some research and you will find a tone of people loosing everything they have(who are really really really wealthy)
 
Tsar said:
Just have to do some research and you will find a tone of people loosing everything they have(who are really really really wealthy)
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Simply because there are people whom have foolishly squandered wealth, it doesn't mean that having wealth will lead one to bad investments and overspending.

Not everyone can keep this wealth but not everyone will waste it all either
Tsar said:
Just have to do some research and you will find a tone of people loosing everything they have(who are really really really wealthy)
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Dont worry! All he has to do is invest a little of it and he can spend 70 million a year for the rest of his life! That is crazy though!
 
R1.5 billion is still a lot of money. Subtracting $70 million from that leaves you with... still a lot of money.

Notch is set for life.
 
Graal said:
R1.5 billion is still a lot of money. Subtracting $70 million from that leaves you with... still a lot of money.

Notch is set for life.
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That's what i'm thinking, and the house will still be worth a small fortune in 10 years when he moves to the moon
 
When I first saw this a while ago I couldn't help but wonder why do you need that many bathrooms ?

8 bedrooms, and 15 bathrooms..... that nearly double! What the hell do you do with that many bathrooms ?
 
nope i would buy a lodge on the border of Kruger National Park and just make sure i have a good internet connection - then i'm happy
 
JudeC said:
nope i would buy a lodge on the border of Kruger National Park and just make sure i have a good internet connection - then i'm happy
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Good idea...

I'm more inclined towards the ocean as I live a few hundred meters away from it.
 
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