Probably, but I doubt you as a founder would get $1-1.2 Bil from a deal that was only $3b.
On a much larger note, I don't feel like there's a big difference beyond $20 Mil if your goal is to continue living the life you're living now, but with total financial security. I know that given the chance, that's all I'd really ask for. Anything beyond that, and the only thing I can think of to spend the money on is philanthropy.
However, I'll bet other people have different aspirations, so I guess I can't really speak on the subject.
I think the cutoff point is more like 100 million. With 20 million you're still having second thoughts about your NetJets use or the size of your yacht.
With $20MM in the bank, there is plenty you cannot buy and subsequently maintain for very long: a shiny new Bombardier jet, a motor yacht, more than one vintage racing Ferrari... even blowing $5MM on a substantial estate would be highly ill-advised. But at this point, one becomes acquainted with people who can afford to keep such things, so it might start to seem less like "wealth" and more like "security" depending on one's desires and insecurities.
uh, pretty sure 10-20 million is in fact "do whatever you want for the rest of your life" money. Certainly do anything normal that you want. perhaps you can't buy a jet. damn.
10million * 3% dividend stocks = 300k per year just having it sit there. Maybe not entirely risk free, but not too risky either.
lelandbatey|12 years ago
On a much larger note, I don't feel like there's a big difference beyond $20 Mil if your goal is to continue living the life you're living now, but with total financial security. I know that given the chance, that's all I'd really ask for. Anything beyond that, and the only thing I can think of to spend the money on is philanthropy.
However, I'll bet other people have different aspirations, so I guess I can't really speak on the subject.
... why am I writing this comment ...
peterjancelis|12 years ago
umsm|12 years ago
That's a huge difference.
At $20 million, there is nothing you can't do. At that point, with some wise long term investments, you wouldn't need to worry about finances.
sk5t|12 years ago
Anderkent|12 years ago
garybizzle|12 years ago
clarky07|12 years ago
10million * 3% dividend stocks = 300k per year just having it sit there. Maybe not entirely risk free, but not too risky either.