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re: Bruno Mars allegedly has a $50 million gambling debt with MGM
Posted on 3/18/24 at 9:12 am to Fun Bunch
Posted on 3/18/24 at 9:12 am to Fun Bunch
quote:
Even if its more, say, 250, 50 million is still a SUBSTANTIAL percentage of net worth.
Okay. Who gives a shite?
$50 million is nothing when you have $125 million to $200 million leftover. It’s just noise for maintaining a luxurious, high quality of life.
3
Posted on 3/18/24 at 9:14 am to StringedInstruments
quote:
Okay. Who gives a shite?
I mean, not me, it was just a statement of fact.
Its also how these famous people go from on top of the world to bankrupt in the blink of an eye.
Posted on 3/18/24 at 9:27 am to StringedInstruments
quote:$175 million net worth doesn't mean he's got $175 million in cash sitting in the bank. Probably only a small fraction of that $175M is actual cash while the majority of that $175M is the equity value in business investments and property holdings. Its a lot bigger deal when you have to start selling off assets to pay a debt instead of just being able to write a check.
$50 million is nothing when you have $125 million to $200 million leftover.
Posted on 3/18/24 at 10:15 am to StringedInstruments
quote:
Okay. Who gives a shite?
$50 million is nothing when you have $125 million to $200 million leftover. It’s just noise for maintaining a luxurious, high quality of life.
These posts are always hilarious. $50 million is a lot of money. These entertainers are hilariously bad with money, thus the $50 million debt. That means he likely has other large debts and spends money like it's water.
Also, he has to pay that $50 million debt with post-tax money, meaning he has to earn about $80 million to pay it off.
He's also likely not very liquid, so would have to sell off assets/investments, potentially at a loss, to pay it.
Even if he performed for free to pay it, that still counts as income, so taxes would be incurred.
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