The Business Hall-of-Greed: What to Do with That Damn Billion Dollars in My Pocket?

Posted by yoni67 under Self-Development
From http://jobshuk.com 4777 days ago
Made Hot by: Adam_Gottlieb on March 23, 2011 12:51 pm

Ahhh...Billions of dollars!

What to spend such profits on.

Meet my first inductee into the "Business Hall-of-Greed!"

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Comments

Written by m4bmarketing
4776 days ago

Hi Yoni,

it is interesting to contrast this building and I do agree with Adam that it is ugly with Warren Buffet who I think still lives in the same home he bought a number of years ago.

Susan

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Written by yoni67
4776 days ago

Susan,

We had a guy who opened a big company here in Israel several years ago, IDT. It became huge and the guy, Howard Jonas, was worth tens and tens of millions. He remained in a modest home. There is a well-documented story that he came to work one day, dressed as usual in jeans and tennis shoes. A guard refused to let him in without an ID badge and asked who he was. It was only very reluctantly that he admitted that he owned the place.

Yoni

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Written by Adam_Gottlieb
4777 days ago

What an ugly building!

But don't forget... if Mr Ambani paid $1.2 billion, that means *some* of that money was pumped into the economy over there- ie the workers who built the structure (though they probably got minimum wage), the businesses that provided the materials, etc. It's better that he spends the money then having it sit in some hidden coiffers...

And don't forget also that one day he'll leave this world and all his money behind... If he wants to be remembered by the ugly building he lived in and not by the acts of kindness he did, then so be it.

Adam

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Written by yoni67
4777 days ago

Adam,

The pic is not that good, I had to choose a crappy, low kb one so as not to slow down loading. Check out one of the high-quality picks.

You are right about him spending, part of the trickle-down theory.

Thanks for reading.

Yoni

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Written by Jerusalem Post
4777 days ago

Conspicuous Consumption, now there's a term I haven't heard in a while. Very well written.

Editorial Staff

www.jpost.com

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Written by yoni67
4777 days ago

I like the saying too. Very Reagan-esque and Wall Street-ish. Glad you enjoyed,

Yoni

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Written by rush
4777 days ago

Revolting.

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Written by yoni67
4777 days ago

Agreed!

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Written by lovedthisarticle!
4777 days ago

Yonatan,

It is really a story that makes you think about how much a person needs in life. I strongly believe that money is there to be comfortable. But what is comfort. It is also there to help others. I wonder of he gives a lot of charity. If he does thats a good thing but still no excuse to build a home worth over one billion $.

Heidi K.

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Written by yoni67
4777 days ago

Heidi,

Comfort is something we all hope will be an outcome of our vocational pursuits. This guy is just out of control!

Yoni

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Written by BradenM
4777 days ago

Great piece of social commentary. I saw some images on google of inside of the home. It is ridiculous. How can someone bathe in a 24 carat gold bath knowing that most of the people in India live in poverty. It's pretty pathetic.

Braden

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Written by yoni67
4777 days ago

Braden,

I read some eye-opening statistics on what the average person in India subsists on. Very, very low wages in general. Many in the rural areas would love a luxury like indoor plumbing. And this guy's got a golden bath-tub!

Yoni

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Written by ShoshFromJobShuk
4777 days ago

Put into perfect perspective Yoni!

There are so many people suffering and having a hard time out there. Homeless, sick, and just struggling to get by.

What a freaking waste of money that could be used to do good. Is this why people try to become rich in business?

Shoshana

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Written by yoni67
4777 days ago

Shosh,

Many people hope to become rich through business pursuits. Many such as Bill Gates do great things with wealth. Many others live extravagantly but with limits. A billion-dollar, palatial, private-residence in the middle of impoverished India though? Fucked-up!

Yoni

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