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Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions (finance.yahoo.com)

submitted 2 months ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] Rolando@lemmy.world 126 points 2 months ago (3 children)

Foley was once worth $1.9 billion, according to Bloomberg, but left the company with a net worth of $225 million.

Jeez, the poor guy... only $225 mill... how do you go on living when you've sunk that low? ~/s~

[–] schizo@forum.uncomfortable.business 29 points 2 months ago

That's not even 3 yachts!

Won't someone think of the poor starving yacht builders!

[–] TheRealKuni@lemmy.world 27 points 2 months ago (2 children)

I’ve done the math. I could live my entire life without working (except for fun) on $6 million. This MF has $225 million and describes it as losing all his money.

Fuck that guy.

[–] matt1126@feddit.uk 10 points 2 months ago (1 children)

You could live comfortably on the interest alone on $6 million, even with just a 1% AER you'd be getting $5k gross per month.

So yeah, fuck that guy.

[–] TheRealKuni@lemmy.world 5 points 2 months ago (1 children)

Exactly. Although you can conservatively invest like, two thirds of it, and live much more extravagantly than $5k per month and still never run out.

[–] matt1126@feddit.uk 3 points 2 months ago

For sure, not financial advice but more of an indication of the absurd amount of money $200+ million is.

[–] bradorsomething@ttrpg.network 6 points 2 months ago

Yeah but his car doors go like that, not like this.

[–] kamenlady@lemmy.world 24 points 2 months ago* (last edited 2 months ago)

I also lost all my money and had to sell my possessions, but like literally. $ 0 ( zero ) left, that's what i understand, when i hear or say loosing all my money.

Foley should eat a bag of foul foley.