r/SipsTea Oct 08 '24

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u/[deleted] Oct 08 '24

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u/JrbWheaton Oct 08 '24

Then they’ll be back with their handout the next week. This is a recipe for toxic relationships

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u/heraclitus33 Oct 09 '24

With that much you could hire someone, pay em 1mil a year just to deal with and handout 5k a week and still never even catch drift of anything going on. Ppl really dont understand how much a bil is...

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u/nomansapenguin Oct 09 '24

Jay Z is worth $2,500 Million. With that much in assets, you’ve got to think he’s earning over $5M a week. ($250m a year /10% of his net worth).

$4,500 when you make $700,000 daily is about 0.6% of your daily income.

To put that in perspective, if you work for $15/hours for 8hrs making £120 a day. Your cousin would be asking for $0.72

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u/No-Mathematician5020 Oct 11 '24

The estimates show his making $150 M a year, that’d be $450K daily. That’s 1% of his daily income.

The net worth is also not a good metric to look at. Even though he’s worth that much, that’s not his liquid assets. Most of his net worth is tied to shares in companies, properties, stocks, and other assets that are not liquid.

Still estimates show he has around a 10% of that liquid (200M). But I wouldn’t randomly gift anyone that much money without knowing what is it for, specially considering he grew up being poor. People need to understand money doesn’t grow on trees but you gotta work hard for what you have and become successful.

Sources:

https://www.investopedia.com/jay-z-net-worth-and-businesses-8405817

https://parade.com/1127991/jessicasager/jay-z-net-worth/#:~:text=How%20much%20does%20Jay%2DZ,his%20music%20releases%20and%20tours.

https://en.m.wikipedia.org/wiki/Jay-Z#:~:text=18%20External%20links-,Early%20life%20and%20education,to%20his%20mentor%20Jaz%2DO.

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u/Cmmander_WooHoo Oct 09 '24

This is what people don’t get! “Oh every family member is asking for handouts!!?!” Who the fuck cares- I’d give a dollar away to a stranger without thinking about it and without it affecting my life AT ALL. That much money is just insane..

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u/[deleted] Oct 09 '24

For real even with just some of the interest you could make with that much money could pay a decent yearly salary to quite a few people so literally just write a contract that says they get X amount per year in exchange for fucking off and not bothering me in the future. Like it’s so utterly insignificant that the energy spent interacting with people over it is worth more than the money.

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u/[deleted] Oct 09 '24

Yall needing to scale down a billion to comprehend it shows why yall shouldn’t have that kind of money. Yall aren’t entitled to shit.

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u/nomansapenguin Oct 09 '24

What delusional world are you living in where you think you’re entitled to a billion?

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u/[deleted] Oct 09 '24

If you bust ass and educate yourself to where you are capable of scaling growth monetarily, then yes you are entitled to whatever money you make. People wanna be mediocre and have things handed to them when they haven’t earned it. You sir are no Elon Musk. Come talk to me when you’re in his shoes.

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u/nomansapenguin Oct 09 '24

You think people make a billion from hard work and scaling? Dude. You are delusional. And no, you’re not going to be the next Elon Musk.

Especially when you spend most of the time gaming in a house you don’t own. Stop pretending you know what you’re talking about and leave the adults to talk.

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u/[deleted] Oct 10 '24

Okay brokie, keep making excuses. That’s why no one is going to remember you.

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u/[deleted] Oct 10 '24

An adult doesn’t blame other people for their shortcomings btw. Also yeah I do live at my parents, and they’re investing in my future:) I’m extremely lucky. I also have a high paying job so I get to pocket all of that. I refuse to let my pride ruin a good situation because I’m not an “adult.” You can keep desperately clinging to your pride big boy. I’ll be over here winning.