Mark Zuckerberg is a dumbass for not living a balling lifestyle...

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Rey Negro;3120944 said:
Your posting style screams "not educated"....so i won't waste my time besides this post. It is mathematically impossible to waste $13 Billion. I don't know how liquid Mark Zuckerberg is but, to give you an example of how ludicrous you sound, a nigga with high liquidity who has a portfolio holding $10 Million could see $600,000 to $800,000 a year pre-tax on interest alone. You could ball hard as fuck and still never touch the principle. I'm sure Mark is ALOT more liquid than that. So please...shut the fuck up. He's not gonna put a dent in his net worth by doing any of the things I listed. He's essentially just hoarding cash for the fuck of it.

Rey Negro;3121007 said:
LOL @ you thinking Zuckerberg hasn't cashed out heavily so far. I've followed Facebook's history extensively. Half of the early employees (Hughes, Saverin, Parker) and investors (Thiel) sold a good chunk of their stock the moment VC's allowed them to sell to private investors. I probably wouldn't have IPO'd though if I were in that position. I would've sold FB to MS back in 2008 and cashed out completely.

Either way....if he has as much as 1% of his net worth in liquid assets, he's never going broke.

Rey Negro;3121759 said:
I'm sure Mark and the rest of the founding team partially cashed out....I know Peter Thiel sold half of his stock to DST (Yuri Milner).

Cmon Uptown....You took a post out of context and thought you had something. You obviously didn't read the thread and started cosigning these lame niggas. I shouldn't have to explain that Mark doesn't have $13 Billion sitting in his living room closet. Only a moron would need that explanation. I've been stating since the beginning of this thread that if he cashed out as much as 1% of his holdings, he will never go broke.
 
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Rey Negro;3128828 said:
i didn't write that quote bruh...

i know what i speak of. if you read the thread instead of cosigning these lame niggas you would know that. you taking posts out of context when i've thoroughly explained my breadth of knowledge on these matters. it's annoying.

Don't even sweat it bruh. Like niggas don't know he doesn't have 13 billion in cash. Like niggas are stupid.

The point is that cash or no cash, these niggas can do whatever the fuck they want. As if these niggas haven't sold/can't sell stocks. As if these muhfuckers are gonna have 100% of their money in the stock market at any given time. I think it's just fundamentally different views of the world bruh, and just leave it alone.

I know that if I'm worth 30 million, I honestly wouldn't feel comfortable living like some of these rappers, I think they're stupid as fuck with their money, and my spending would change to fit my worth.

If I'm worth 13 billion dollars. 13,000,000,000 How the fuck would rationalize to myself "damn fam, don't get that 2 million dollar car, you might go broke." or say "Ayo Fabo, I wouldn't buy that 100 million dollar house if I were you, that might not end well for ya money." I'd be a fuckin' idiot. Cuz you can't rationalize that in anyway.

I'm doing three things if I have that kinda money.
1. Setting up a trust to manage it so future generations can do more than I can in other areas cuz they NEVER have to worry about money.
2. Donating to charity and build my name as a philanthropist
3. Be on my Lawrence "Larry" Ellison shit.

Ellison has been married and divorced four times.[24][25] He was married to Adda Quinn from 1967 to 1974. He was married to Nancy Wheeler Jenkins between 1977 and 1978. From 1983 to 1986, he was married to Barbara Boothe: two children were born of this marriage, a son and daughter named David and Megan. Both Megan and David were Executive producers for the 2010 Coen Brothers film True Grit.
On 18 December 2003, Ellison married Melanie Craft, a romance novelist, at his Woodside estate. His friend Steve Jobs (CEO of Apple, Inc) was the official wedding photographer,[26] and Representative Tom Lantos officiated.
Ellison and Melanie Craft-Ellison divorced in September 2010.
[edit]Yachting
Ellison recently ended his ownership of the sixth largest yacht in the world, named Rising Sun. He sold his remaining shares in the yacht[27] to music and film mogul David Geffen. Rising Sun is 453 ft. (138 m) long,[28] and reportedly cost over US $200 million to build.

Ellison is a financier of the BMW Oracle Racing team,[29] which won the 2010 America's Cup.
[edit]Tennis
Ellison has followed professional tennis all his life, and took up the game in 2004. In 2010, he purchased a 50% share in one of the top four tournaments in the United States, the BNP Paribas Open.[30] This purchase saved the tournament from being sold and moved outside of the U.S.
[edit]2007 America's Cup
BMW Oracle Racing was the Challenger of Record on behalf of the Golden Gate Yacht Club of San Francisco for the 2007 America's Cup in Valencia, Spain until eliminated from the 2007 Louis Vuitton Cup challenger selection series in the semi-finals.
[edit]2010 America's Cup
On 14 February 2010, Ellison's yacht USA 17 won the second race (in the best of three "deed of gift" series) of the 33rd America's Cup, after winning the first race two days earlier. Securing a historic victory, Ellison and his BMW Oracle team became the first challengers to win a "deed of gift" match. The Cup returned to American shores for the first time since 1995. Ellison was a crew member for the second race.[31]
Previously, Ellison had filed several legal challenges, through the Golden Gate Yacht Club, against the way that Ernesto Bertarelli (also one of the world's richest men) has proposed to organize the 33rd America's Cup following the 2007 victory of Bertarelli's team Alinghi.[32] The races were finally held[clarification needed] in February 2010 in Valencia, Spain.
[edit]Private jet
Ellison is a licensed pilot who has owned several aircraft. Ellison was cited by the City of San Jose, California, for violating its limits on late-night takeoffs and landings from San Jose Mineta International Airport by planes weighing more than 75,000 pounds (34 019 kg). In January 2000, Ellison sued over the interpretation of the airport rule, contending that his "plane is certified by the manufacturer to fly at two weights: 75,000 pounds, and at 90,000 pounds, for heavier loads or long flights requiring more fuel. But the pilot only lands the plane in San Jose when it weighs 75,000 pounds or less, and has the logs to prove it..."[33] U.S. District Judge Jeremy Fogel ruled over the matter in June 2001, calling for a waiver for Ellison's jet, but did not invalidate the curfew.
[34]
[edit]Cars
Ellison owns many exotic cars, including an Audi R8, and a McLaren F1. His favorite is the Acura NSX, which he was known to give as gifts each year during its production.[16] He is also reportedly the owner of a Lexus LFA and a Lexus LS600hL. [35]
[edit]Home
Ellison styled his estimated $70 million Woodside, California, estate after feudal Japanese architecture, complete with a man-made 2.3-acre (9,300 m2) lake and an extensive seismic retrofit (37°24′44.34″N 122°14′51.40″W).[36] In 2004 and 2005, Ellison purchased more than 12 properties in Malibu, California, worth more than $180 million. The $65 million Ellison spent on five contiguous lots on Malibu's Carbon Beach was the most costly residential transaction in United States history until Ron Perelman sold his Palm Beach, Florida compound for $70 million later that same year.[37] His entertainment system cost $1 million, and includes a rock concert-sized video projector at one end of a drained swimming pool, using the gaping hole as a giant subwoofer.[38]
In early 2010 Ellison purchased the Astor's Beechwood Mansion in Newport, Rhode Island for $10.5 million. The property was the former summer home of the prominent Astor family.
In 2011 Ellison purchased the 249 acre Porcupine Creek Estate and private golf course in Rancho Mirage, CA for $42.9 million. The property was the former home of Yellowstone Club founders Edra and Tim Blixseth, sold to Ellison by creditors following their divorce and bankruptcy.[39]

[edit]

I'm livin' like Larry Bruh. What's the point of having billions if you're not gonna enjoy the spoils and share it with your loved ones? You can't take it with you and you can't go broke no matter how much you spend, It's a win-win situation.
 
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UPTOWN (CONNEXX);3128921 said:
ebb734af49a68460c78df4effd7760c3.png


cuzzin ray ...... that aint you cuzzin??? .... damn son it looks and sounds just like you tho ... im just saying tho

maybe you meant to post that from your other account or maybe its one of the those things like how dan marino looks just like david hasselhoff

LOL

by that other quote....i was talking about that gweythn paltrow shit. I never wrote that shit.
 
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Idi Amin Dada;3128974 said:
Don't even sweat it bruh. Like niggas don't know he doesn't have 13 billion in cash. Like niggas are stupid.

The point is that cash or no cash, these niggas can do whatever the fuck they want. As if these niggas haven't sold/can't sell stocks. As if these muhfuckers are gonna have 100% of their money in the stock market at any given time. I think it's just fundamentally different views of the world bruh, and just leave it alone.

I know that if I'm worth 30 million, I honestly wouldn't feel comfortable living like some of these rappers, I think they're stupid as fuck with their money, and my spending would change to fit my worth.

If I'm worth 13 billion dollars. 13,000,000,000 How the fuck would rationalize to myself "damn fam, don't get that 2 million dollar car, you might go broke." or say "Ayo Fabo, I wouldn't buy that 100 million dollar house if I were you, that might not end well for ya money." I'd be a fuckin' idiot. Cuz you can't rationalize that in anyway.

I'm doing three things if I have that kinda money.
1. Setting up a trust to manage it so future generations can do more than I can in other areas cuz they NEVER have to worry about money.
2. Donating to charity and build my name as a philanthropist
3. Be on my Lawrence "Larry" Ellison shit.

I'm livin' like Larry Bruh. What's the point of having billions if you're not gonna enjoy the spoils and share it with your loved ones? You can't take it with you and you can't go broke no matter how much you spend, It's a win-win situation.

Larry Ellison is a G. So under the radar too. I always hear about the Steve Jobs, the Larry Pages, the Bill Gates, the Jack Dorseys. People rarely speak on Oracle and Ellison.

At the end of the day, Mark is a billionaire, he can care two shits about this thread and is completely winning in life. I just don't understand why someone would put themselves through the stress of starting an internet startup, fighting tooth and nail to go from a harvard messaging system to a global social network and maintaining the second most visited website in the world if you not even going to live it up once you reach the top. It's like "yea....I could be spoiled like a King because I have enough money to feed my descendants for the next 500 years but........I'd rather live modestly".

I dont understand the incentive. Maybe his is more altruistic. Maybe I'm wrong for forcing my love for luxury on a nigga who probably is still happy wearing hoodies and adidas flip flops. Wouldn't be me though nigga...
 
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Ray people aren't saying your dumb for saying you would spend the money...it's mainly because you seem to think anybody with that much money MUST spend it...like it's a requirement that once you accumulate a certain amount of wealth you should just start balling the fuck out...not everybody thinks like that, nor should they...just because that's what YOU would do with that money doesn't mean somebody else is obligated to make that some decision...
 
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blackrain;3129113 said:
Ray people aren't saying your dumb for saying you would spend the money...it's mainly because you seem to think anybody with that much money MUST spend it...like it's a requirement that once you accumulate a certain amount of wealth you should just start balling the fuck out...not everybody thinks like that, nor should they...just because that's what YOU would do with that money doesn't mean somebody else is obligated to make that some decision...

I can agree with that...this thread didn't blow up because of that though. People were questioning my understanding of certain topics when I clearly have a good understanding.
 
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Rey Negro;3128949 said:
Cmon Uptown....You took a post out of context and thought you had something. You obviously didn't read the thread and started cosigning these lame niggas. I shouldn't have to explain that Mark doesn't have $13 Billion sitting in his living room closet. Only a moron would need that explanation. I've been stating since the beginning of this thread that if he cashed out as much as 1% of his holdings, he will never go broke.
yeah yeah yeaahhhhh

youre sitting here bending twisting and turning the shit every which way ...point is you said it ... i quoted it and screen capped it

plus .. since you know so much ... you would know that dude already comes from a good amount of money .... so that he made his own money wasnt really this great rags to riches story .... im calling you out for having a niggerish mentality .... everytime a nigga gets a couple dollars they always think its time to pop bottles and fuck models

foh wit that shit .... when zuckerburg finishes spending the money his parents gave him ... then he'll start spending his own ... how bout that ??
 
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UPTOWN (CONNEXX);3129202 said:
yeah yeah yeaahhhhh

youre sitting here bending twisting and turning the shit every which way ...point is you said it ... i quoted it and screen capped it

plus .. since you know so much ... you would know that dude already comes from a good amount of money .... so that he made his own money wasnt really this great rags to riches story .... im calling you out for having a niggerish mentality .... everytime a nigga gets a couple dollars they always think its time to pop bottles and fuck models

foh wit that shit .... when zuckerburg finishes spending the money his parents gave him ... then he'll start spending his own ... how bout that ??

yea....you just forgot to screen cap and save every other post I made in this thread because it would make you look stupid.

His father was a dentist, mother was a psychiatrist. They could afford Exeter and Harvard. They were upper middle class.
 
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Rey Negro;3129231 said:
yea....you just forgot to screen cap and save every other post I made in this thread because it would make you look stupid.

His father was a dentist, mother was a psychiatrist. They could afford Exeter and Harvard. They were upper middle class.

hahaha I was about to say the same shit.

They were richer than me and you, but that nigga wasn't a trust fund baby.
 
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Rey Negro;3120636 said:
Listen....i know its his life and he can do what he pleases with his money. But to have the money and success that he has and to act like you're too good to properly ball the fuck out is just disgusting to me. You get one life, one chance to live this life and you out here on some humble shit.

You might as well just give the money away...

Yes...:mad:

mark_zuckerberg_house_03.jpg


mark-zuckerberg-goes-for-a-sunday-stroll-03.jpg

Maybe he's actually one of those guys that wont let money give him a booshie ass mind set like apparently you'd let it do to you. It shouldn't be a problem
 
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Basically, I know what the hell I'm talking about.....

http://www.forbes.com/sites/luisakr...uckerberg-is-now-richer-than-the-google-guys/

In news reported earlier this week by my colleague Tomio Geron, publicly-traded closed-end mutual fund GSV Capital bought 225,000 shares of the social networking giant Facebook at an average price of $29.28 per share or a valuation of about $70 billion. Its stock is up about 40% since the news.

The $70 billion valuation is also a 40% premium to the $50 billion we used to measure the fortunes of the six Facebook billionaires back in February when we were putting together our list of World’s Richest People. Its shares have traded even higher on secondary markets.

At the time we valued Facebook’s chieftain Mark Zuckerberg’s net worth at $13.5 billion. Today, based on the new numbers/new investment, Zuckerberg’s mostly paper fortune (reports have stated he has sold about $1 billion worth of shares) jumps past $18 billion. The other Facebook billionaires including Dustin Moskovitz, Eduardo Saverin, Sean Parker, Peter Thiel and Yuri Milner are all richer too.
Mark Zuckerberg's New Homesee photosForbes Images

Click for full photo gallery: Mark Zuckerberg's New Home

But Zuckerberg’s soaring fortune is of particular note for another reason: today he appears to be the third richest tech titan in the world behind Microsoft’s (nasdaq: MSFT) Bill Gates and Oracle’s (nasdaq: ORCL) Larry Ellison. He had already shot past Apple’s Steve Jobs last fall and has now passed the Google (nasdaq: GOOG) guys, Sergey Brin and Larry Page, whose internet company seems to have stalled. Google shares dropped about 17% since our billionaires’ranks. The cofounders’ fortunes are now estimated to have dropped to $17 billion, down from $19.8 billion, the figure we published in March.

As my other colleague Steven Bertoni pointed out, he is also richer than Steve Ballmer, Microsoft’s head who, according to a chapter in The Facebook Effect, offered to buy Facebook for $15 billion.

But is it fair to value Facebook based on this one investment? Afterall GSV only bought a miniscule stake as this writer points out, in a piece critical of my post. It is a good point but the fact that GSV Capital, a public company, made the investment and now its investors are continuing to push up the stock largely on the basis of the investment, indicates to me that people are buying into Facebook’s $70 billion valuation, at least at this moment, whether or not that figure is rational. It is indeed very illiquid but Forbes as a rule does not discount public companies based on their illiquidity.
 
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Maybe the answer you're looking for is "everything is relative" ..if you're used to living in a 500K house a 7 million dollar house is indeed "balling out of control" for you, if you're comfortable in what you wear, drive, ETC ... why change it just because your monetary position in society changes? As an Economics Major, you should know that money is just a temporary tool right, just a fluid universal liquid.
 
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