Originally posted by Blake_Fever:I'm not sure I follow you.
"It's not like he spent all his money on Lambos for his posse and making it rain at strip bars. He made a few bad investments in businesses and lost his arse in the real estate market like a lot of Americans did."
I agree, however, rich people making huge, potentially risking investments WHEN THEY'RE ALREADY RICH is unnecessarily absurd.
Yes, he isn't Mike Tyson, Allen Iverson, or MC Hammer (see a common thread?), but it's still laughable.
I don't know the specifics of what happened to his money, but I doubt you will find many financial advisers who will tell you it is a good idea to sit on your money.
I don't think you understand what kind of taxation he was most likely subjected to, not to mention he probably has kids he would like to secure a future for. If I had a job that paid me millions I would certainly invest that money. I'd like to think I wouldn't lose it all but there was a point in time when real estate was touted as a "can't lose" investment.