How the frick do you manage to lose 34.3 billion dollars? It just doesn't seem possible. Shouldn't he invest his money in multiple places? Who is this dude's financial advisor? I'm sure he's probably dead by now for losing 34.5 billion.
3. He still has $200 million. If he tried to go broke, he'd still have to work damn hard at it to lose the rest.
quote:please don't give anybody financial advice ever
1. Paper gains, paper losses. He never had it to begin with.
quote:true but I think I read he was leveraged beyond just owning a majority of the company. He risked everything.
2. Arguably, he should have spread a bit more of it around, but most of it was always going to be tied up in his company. You don't completely diversify without selling your stake. he was his company and his company was him.