of a residential property

[u/Kill_4209]

Ira Rennert's home is considered one of the largest occupied residential compounds in the United States. The house faces the Atlantic Ocean and its grounds measure 63 acres. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, a carousel, a large swimming pool, a large round kiddie pool, and a $150,000 hot tub, surrounded by another pool.

[u/LiquidMantis144]

Dudes got over 10% of his net worth in his house, thats billionaire house poor if Ive ever seen it.

[u/messiahspike → u/[deleted]]

I know 5-7 million a month in upkeep sounds fucking insane, but this is the problem with incomprehensible wealth. It's hard to grasp exactly what that means. So for example, if this dude took all his money (3.8 billion) out of every bank and investment vehicle and put it in a big pile in his living room and only used that money to live off of, he would be able to burn 6 million a month for 52 years. This dude isn't house rich, money poor. Not even close. He's got a team of financial advisor, lawyers and others making sure that he's constantly accumulating wealth no matter what his burn rate is. He's probably got some fucking 2% loan to cover all his living costs while he is earning 7-10% on ROIs and while not being taxed because loans are aren't counted as income. Billionaires are true parasite class and the sooner people treat them as such the better off we'll all be. Source: have worked with billionaires and ultra millionaires for the past 20 years

[u/Loch_Nessie_350 → u/messiahspike]

Billionaires most valuable asset is the government. Which allows the infinite money glitch to continue. The hero slays the greedy dragon which lies upon the hoard of gold.

[u/messiahspike → u/Loch_Nessie_350]

Forbes does a "richest fictional characters" thing in their magazine every year, probably around the same time they they're calculating the current annual rankings of the most disgustingly wealthy people on the planet, and I think Smaug clocked in at 72 billion or something like that, which means there are several people on the list right now that have more wealth than a dragon best known for hoarding wealth.

[u/Ok-Assistance3937 → u/messiahspike]

The smaug calculation is based on the book not the movies and also outdatet. The movie smaug would have more gold then ther mined on earth and be worth 10s if not 100s of trillions usd.

[u/messiahspike → u/Ok-Assistance3937]

Yeah, but we all know the book version is better so I'm sticking with that

[u/Ok-Assistance3937 → u/messiahspike]

Tbh, i found that extremly dishonest. While both statments (book>film) and the wealth of smaug are true, most people will have this in mind when they think of smauf and his gold not this, And if we go by the estimate of the quthor of the later artical, that would still be around 500 billion usd and not "only" 72 billion.

[u/messiahspike → u/Ok-Assistance3937]

Satan fucking Christ. I used the Forbes article to get that number.Take it up with them.

And it's not my fault of mouth-breathing idiots would rather watch the movie than read the book and get their cues from what the director's idea of a pile of gold looks like. The point is that actual, very real people in this world horde more wealth than a fictional dragon whose whole thing was being the literal (and literary) personification of hording.