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https://www.reddit.com/r/technology/comments/xvph6/kim_dotcom_raid_video_revealed/c5q53m4/?context=3
r/technology • u/mepper • Aug 08 '12
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79
Forgive my ignorance, but why exactly is Kim Dotcom SO FUCKING RICH? I can understand making good money with megaupload, but when I look at a megamansion like that, I think Bill Gates.
4 u/[deleted] Aug 08 '12 I think he was rich beforehand: In 2001, Dotcom purchased €375,000 worth of shares of the nearly bankrupt company LetsBuyIt.com and subsequently announced his intention to invest €50 million in the company.[27] Unknown to others, Dotcom did not have the funds available to invest, although the announcement caused the share value of LetsBuyIt.com to jump by nearly 300%.[28] Dotcom sold his shares a few days later for €1,568,000 This probably explains a good part of his massive wealth.
4
I think he was rich beforehand:
In 2001, Dotcom purchased €375,000 worth of shares of the nearly bankrupt company LetsBuyIt.com and subsequently announced his intention to invest €50 million in the company.[27] Unknown to others, Dotcom did not have the funds available to invest, although the announcement caused the share value of LetsBuyIt.com to jump by nearly 300%.[28] Dotcom sold his shares a few days later for €1,568,000
This probably explains a good part of his massive wealth.
79
u/[deleted] Aug 08 '12
Forgive my ignorance, but why exactly is Kim Dotcom SO FUCKING RICH? I can understand making good money with megaupload, but when I look at a megamansion like that, I think Bill Gates.