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JeebusJones t1_jclld60 wrote

To put this in perspective: If we go by Google's claim of his net worth being a bit more than 4 billion dollars, 50 million represents a bit more than 1% of his wealth.

For comparison, the median net worth in the US is about $120,000, so this would be like losing around $1200 for a regular person. Not nothing, but probably not ruinous.

Plus, there's the fact that, once you get beyond a certain level of wealth, any additional money ceases to matter very much, because there's a limit to how much you can practically spend even if you live very extravagantly. In other words, he's not going to miss that $50 million anywhere near as much as the median person is going to miss $1200.

(He's also an authoritarian shitbag who is on record as saying that he "no longer believes that freedom and democracy are compatible." But that's not directly related to this topic.)

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ImmediateLobster1 t1_jcp5h2y wrote

Your numbers are right, but one item is important: He didn't even lose the $50M. He just lost access to the $50M for a short period of time. The FDIC is guaranteeing all depositors will get their money back (normally they "only" guarantee the first $250,000 in an account, but in this case they're covering everyone).

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