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Getbig Main Boards => Gossip & Opinions => Topic started by: The True Adonis on July 08, 2009, 06:22:53 PM

Title: The "HOMELESS" Billionaire
Post by: The True Adonis on July 08, 2009, 06:22:53 PM
The Homeless Billionaire

(http://s.wsj.net/public/resources/images/MI-AQ440_BERG_20080518172015.jpg)

When I first met Nicolas Berggruen, I was struck by two things. First, he was a multi-billionaire I’d never heard of — the most interesting kind. Second, he didn’t own a home.

“I stay in hotels,” he told me.

A billionaire without a home? This, I figured, was worth a story. My article about Mr. Berggruen in today’s Journal focuses mainly on his investing life and his push toward socially responsible investing. But what interested me most was his unconventional personal life.

After making his billions, Mr. Berggruen, 46, lost interest in acquiring things: They didn’t satisfy him, and in fact had become something of a burden. So he started paring down his material life, selling off his condo in New York, his mansion in Florida and his only car. He hatched plans to leave his fortune to charity and his art collection to a new museum in Berlin.

For him, wealth is about lasting impact, not stuff.

“Everybody is different and I think that we live in a material world,” he told me. “But for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we’re only here for a short period of time. It’s what we do and produce, it’s our actions, that will last forever. That’s real value.”

When I pressed him on why he no longer got much enjoyment from acquiring more “things,” he said this: “First, I don’t need it. Secondly, maybe in a bizarre kind of way, I don’t want to be dependent on it or have the responsibility. I don’t get that much enjoyment out of saying ‘I own it.’ ”

Mr. Berggruen makes clear that his philosophy is his own, and he has nothing against those who want to enjoy their wealth by having big homes, cars and all the rest. And of course it’s easy for a billionaire to say “money and things aren’t important.”

But his perspective seems to be increasingly common among today’s superwealthy — and even wealthy — who are looking for more lasting meaning in their lives beyond their possessions. I’m not saying they’re right or wrong or that possessions are inferior to other measures of wealth — people should use their wealth however they choose. Yet for all that, Mr. Berggruen’s personal downsizing may be a sign that the voluntary simplicity movement could be moving up the wealth ladder.
Title: Re: The "HOMELESS" Billionaire
Post by: The True Adonis on July 08, 2009, 06:28:22 PM
Title: Re: The "HOMELESS" Billionaire
Post by: polychronopolous on July 08, 2009, 06:45:22 PM
That's not Hetty Green.
Title: Re: The "HOMELESS" Billionaire
Post by: Brixtonbulldog on July 08, 2009, 06:48:14 PM
The Homeless Billionaire

(http://s.wsj.net/public/resources/images/MI-AQ440_BERG_20080518172015.jpg)

When I first met Nicolas Berggruen, I was struck by two things. First, he was a multi-billionaire I’d never heard of — the most interesting kind. Second, he didn’t own a home.

“I stay in hotels,” he told me.

A billionaire without a home? This, I figured, was worth a story. My article about Mr. Berggruen in today’s Journal focuses mainly on his investing life and his push toward socially responsible investing. But what interested me most was his unconventional personal life.

After making his billions, Mr. Berggruen, 46, lost interest in acquiring things: They didn’t satisfy him, and in fact had become something of a burden. So he started paring down his material life, selling off his condo in New York, his mansion in Florida and his only car. He hatched plans to leave his fortune to charity and his art collection to a new museum in Berlin.

For him, wealth is about lasting impact, not stuff.

“Everybody is different and I think that we live in a material world,” he told me. “But for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we’re only here for a short period of time. It’s what we do and produce, it’s our actions, that will last forever. That’s real value.”

When I pressed him on why he no longer got much enjoyment from acquiring more “things,” he said this: “First, I don’t need it. Secondly, maybe in a bizarre kind of way, I don’t want to be dependent on it or have the responsibility. I don’t get that much enjoyment out of saying ‘I own it.’ ”

Mr. Berggruen makes clear that his philosophy is his own, and he has nothing against those who want to enjoy their wealth by having big homes, cars and all the rest. And of course it’s easy for a billionaire to say “money and things aren’t important.”

But his perspective seems to be increasingly common among today’s superwealthy — and even wealthy — who are looking for more lasting meaning in their lives beyond their possessions. I’m not saying they’re right or wrong or that possessions are inferior to other measures of wealth — people should use their wealth however they choose. Yet for all that, Mr. Berggruen’s personal downsizing may be a sign that the voluntary simplicity movement could be moving up the wealth ladder.


Possessions aren't supposed to be measures of wealth.  A Ferrari, among other toys, are supposed to be fun.

What a dummy.
Title: Re: The "HOMELESS" Billionaire
Post by: Army of One on July 08, 2009, 06:48:39 PM
Interesting how the article didnt mention that he hasnt given up his private jet or multi million dollar art collection.
Title: Re: The "HOMELESS" Billionaire
Post by: wavelength on July 08, 2009, 07:00:54 PM
easy to have nothing if you still have enough to not care about not having anything
Title: Re: The "HOMELESS" Billionaire
Post by: webcake on July 08, 2009, 07:04:20 PM
Stupid. Just but a fucking house. If you don't give a shit about "possessions", just buy a cheap apartment. Would be much cheaper in the long run.....
Title: Re: The "HOMELESS" Billionaire
Post by: The True Adonis on July 08, 2009, 07:09:07 PM
Stupid. Just but a fucking house. If you don't give a shit about "possessions", just buy a cheap apartment. Would be much cheaper in the long run.....
Perhaps he likes to stimulate the economy by choosing to spend more money to help more people in various industries.
Title: Re: The "HOMELESS" Billionaire
Post by: uberman09 on July 08, 2009, 07:12:35 PM
you are still an unemployed anti social loser dear true anus. Stop worshiping other people you frigging loser and do something about your own life.
Title: Re: The "HOMELESS" Billionaire
Post by: The True Adonis on July 08, 2009, 07:17:57 PM
you are still an unemployed anti social loser dear true anus. Stop worshiping other people you frigging loser and do something about your own life.
Seek help and free yourself from envy or jealousy.
Title: Re: The "HOMELESS" Billionaire
Post by: jesusbod on July 08, 2009, 08:00:48 PM
The Homeless Billionaire

(http://s.wsj.net/public/resources/images/MI-AQ440_BERG_20080518172015.jpg)

When I first met Nicolas Berggruen, I was struck by two things. First, he was a multi-billionaire I’d never heard of — the most interesting kind. Second, he didn’t own a home.

“I stay in hotels,” he told me.

A billionaire without a home? This, I figured, was worth a story. My article about Mr. Berggruen in today’s Journal focuses mainly on his investing life and his push toward socially responsible investing. But what interested me most was his unconventional personal life.

After making his billions, Mr. Berggruen, 46, lost interest in acquiring things: They didn’t satisfy him, and in fact had become something of a burden. So he started paring down his material life, selling off his condo in New York, his mansion in Florida and his only car. He hatched plans to leave his fortune to charity and his art collection to a new museum in Berlin.

For him, wealth is about lasting impact, not stuff.

“Everybody is different and I think that we live in a material world,” he told me. “But for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we’re only here for a short period of time. It’s what we do and produce, it’s our actions, that will last forever. That’s real value.”

When I pressed him on why he no longer got much enjoyment from acquiring more “things,” he said this: “First, I don’t need it. Secondly, maybe in a bizarre kind of way, I don’t want to be dependent on it or have the responsibility. I don’t get that much enjoyment out of saying ‘I own it.’ ”

Mr. Berggruen makes clear that his philosophy is his own, and he has nothing against those who want to enjoy their wealth by having big homes, cars and all the rest. And of course it’s easy for a billionaire to say “money and things aren’t important.”

But his perspective seems to be increasingly common among today’s superwealthy — and even wealthy — who are looking for more lasting meaning in their lives beyond their possessions. I’m not saying they’re right or wrong or that possessions are inferior to other measures of wealth — people should use their wealth however they choose. Yet for all that, Mr. Berggruen’s personal downsizing may be a sign that the voluntary simplicity movement could be moving up the wealth ladder.


Spoken like a true socialist.
Title: Re: The "HOMELESS" Billionaire
Post by: phyxsius on July 08, 2009, 08:10:00 PM
He's more like a lonely Billionaire... no wife no kids...

He'll say wife is something that would not satisfy him because he has to pay for maintenance.. Kids... don't even bother

He's free to roam around only carrying himself.. He can travel without luggage.. he can buy clothes anywhere..
Title: Re: The "HOMELESS" Billionaire
Post by: Nasty Nate on July 08, 2009, 08:14:32 PM
If I was a billionaire i'd be doing good things with my money... not being some nomad that goes from hotel to hotel...  ::)
Title: Re: The "HOMELESS" Billionaire
Post by: lift 456 on July 08, 2009, 08:28:18 PM
if he slays 2-3 highprice hookers poonany in each hotel, then I'd say he has the life.  no strings bliss.
Title: Re: The "HOMELESS" Billionaire
Post by: TechnoViking on July 08, 2009, 09:23:16 PM
Its a brilliant move really...Try suing a guy who has no property...
Title: Re: The "HOMELESS" Billionaire
Post by: Brixtonbulldog on July 08, 2009, 09:36:44 PM
Its a brilliant move really...Try suing a guy who has no property...

Brilliant how?  He still has lots of a$$$$$$$$$$etts. 
Title: Re: The "HOMELESS" Billionaire
Post by: gib on July 08, 2009, 09:44:34 PM
His status is probably first a tax-driven one. Eg, he personally has "no assets", but you can be sure he has assets in a trust that he benefits from.

Secondly, I doubt he is a bilionnaire - multi-millionaire yes, but bilionnaire, I am not sure sure...
Title: Re: The "HOMELESS" Billionaire
Post by: nodeal on July 08, 2009, 11:08:34 PM
Cheap jew who doesn't want to spend any money
Title: Re: The "HOMELESS" Billionaire
Post by: Mars on July 08, 2009, 11:29:15 PM
i actually think that guy has a much more interesting life than all these uber rich people who settle themselves in huge mansions and  surround themselves with cheap empty luxury.
Title: Re: The "HOMELESS" Billionaire
Post by: gordiano on July 08, 2009, 11:53:11 PM
The Homeless Billionaire

(http://s.wsj.net/public/resources/images/MI-AQ440_BERG_20080518172015.jpg)

When I first met Nicolas Berggruen, I was struck by two things. First, he was a multi-billionaire I’d never heard of — the most interesting kind. Second, he didn’t own a home.

“I stay in hotels,” he told me.

A billionaire without a home? This, I figured, was worth a story. My article about Mr. Berggruen in today’s Journal focuses mainly on his investing life and his push toward socially responsible investing. But what interested me most was his unconventional personal life.

After making his billions, Mr. Berggruen, 46, lost interest in acquiring things: They didn’t satisfy him, and in fact had become something of a burden. So he started paring down his material life, selling off his condo in New York, his mansion in Florida and his only car. He hatched plans to leave his fortune to charity and his art collection to a new museum in Berlin.

For him, wealth is about lasting impact, not stuff.

“Everybody is different and I think that we live in a material world,” he told me. “But for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we’re only here for a short period of time. It’s what we do and produce, it’s our actions, that will last forever. That’s real value.”

When I pressed him on why he no longer got much enjoyment from acquiring more “things,” he said this: “First, I don’t need it. Secondly, maybe in a bizarre kind of way, I don’t want to be dependent on it or have the responsibility. I don’t get that much enjoyment out of saying ‘I own it.’ ”

Mr. Berggruen makes clear that his philosophy is his own, and he has nothing against those who want to enjoy their wealth by having big homes, cars and all the rest. And of course it’s easy for a billionaire to say “money and things aren’t important.”

But his perspective seems to be increasingly common among today’s superwealthy — and even wealthy — who are looking for more lasting meaning in their lives beyond their possessions. I’m not saying they’re right or wrong or that possessions are inferior to other measures of wealth — people should use their wealth however they choose. Yet for all that, Mr. Berggruen’s personal downsizing may be a sign that the voluntary simplicity movement could be moving up the wealth ladder.


That's pretty interesting. Most people can't really understand that type of thinking. Most people I've encountered are the "all about me" and "what can you do for me" types. It's a shame our world puts so much value into material things.

Perspective is a funny thing. No matter how bad one has it, someone else has it worse. In the end, it's just stuff...stuff we can't take with us upon our deaths. How many people will really remember you for for being a good human being?

I suppose I could be doing better "financially", had I allowed myself to subscribe to the selfish way of thinking, that has taken over society these days. I can't imagine being motivated by wanting a bigger house, a fancier car... et cetera.  I don't think I could live with myself.

In the end, there really is what we need...and then there's everything else. To each his own...I guess.
Title: Re: The "HOMELESS" Billionaire
Post by: Mars on July 08, 2009, 11:56:45 PM
Title: Re: The "HOMELESS" Billionaire
Post by: Method101 on July 09, 2009, 12:01:04 AM
how old is true adonis? my guess is 25
Title: Re: The "HOMELESS" Billionaire
Post by: arce1988 on July 09, 2009, 12:01:51 AM
i have the homeless part down! now i just need a billion dollars!
Title: Re: The "HOMELESS" Billionaire
Post by: Mars on July 09, 2009, 12:05:32 AM
i have the homeless part down! now i just need a billion dollars!

 ;D
Title: Re: The "HOMELESS" Billionaire
Post by: Tyr on July 09, 2009, 12:13:02 AM
His status is probably first a tax-driven one. Eg, he personally has "no assets", but you can be sure he has assets in a trust that he benefits from.

Secondly, I doubt he is a bilionnaire - multi-millionaire yes, but bilionnaire, I am not sure sure...


good point
Title: Re: The "HOMELESS" Billionaire
Post by: BIG_STI on July 09, 2009, 12:15:34 AM
how old is true adonis? my guess is 25

Try closer to 30 and still unemployed and proud of it
Title: Re: The "HOMELESS" Billionaire
Post by: Mars on July 09, 2009, 12:25:46 AM
adonis is a thinker.
Title: Re: The "HOMELESS" Billionaire
Post by: Chevron427 on July 09, 2009, 05:54:01 AM
It must be a fu*ker of a life to have to only live in hotels, sure he doesn't own anything but with a billion dollars I'm sure he still indulges in the best of everything
Title: Re: The "HOMELESS" Billionaire
Post by: kyomu on July 09, 2009, 06:35:18 AM
My condition of sucess in the society.

1, Having good health in mentaly and physicaly.

2, Having enough money to do what you want to do.

3, Having plenty of free time.

These three are essential. None of them should be racked.
Title: Re: The "HOMELESS" Billionaire
Post by: io856 on July 09, 2009, 06:40:30 AM
My condition of sucess in the society.

1, Having good health in mentaly and physicaly.

2, Having enough money to do what you want to do.

3, Having plenty of free time.

These three are essential. None of them should be racked.
lol ESL
Title: Re: The "HOMELESS" Billionaire
Post by: Mars on July 09, 2009, 06:45:08 AM
she was more like a beauty queen on a movie scene, i said dont mind but what do you mean i am the one?
Title: Re: The "HOMELESS" Billionaire
Post by: dr.chimps on July 09, 2009, 07:20:57 AM
That's not Hetty Green.
Inherited money.   ;)
Title: Re: The "HOMELESS" Billionaire
Post by: jack_ftype on July 09, 2009, 07:30:23 AM
Quote
That's pretty interesting. Most people can't really understand that type of thinking. Most people I've encountered are the "all about me" and "what can you do for me" types. It's a shame our world puts so much value into material things.

Perspective is a funny thing. No matter how bad one has it, someone else has it worse. In the end, it's just stuff...stuff we can't take with us upon our deaths. How many people will really remember you for for being a good human being?

I suppose I could be doing better "financially", had I allowed myself to subscribe to the selfish way of thinking, that has taken over society these days. I can't imagine being motivated by wanting a bigger house, a fancier car... et cetera.  I don't think I could live with myself.

In the end, there really is what we need...and then there's everything else. To each his own...I guess.
Well said.  If you aren't happy where you are, you won't be happy where you're going.
Title: Re: The "HOMELESS" Billionaire
Post by: dr.chimps on July 09, 2009, 07:33:34 AM
My condition of sucess in the society.

1, Having good health in mentaly and physicaly.

2, Having enough money to do what you want to do.

3, Having plenty of free time.

These three are essential. None of them should be racked.
LOL. And a good sense of humour!   ;D
Title: Re: The "HOMELESS" Billionaire
Post by: affy on July 09, 2009, 07:50:14 AM
this guy still owns a private jet an a multimillion dollar art collection
Title: Re: The "HOMELESS" Billionaire
Post by: JOCKTHEGLIDE on July 09, 2009, 07:53:30 AM
Its a brilliant move really...Try suing a guy who has no property...
HOW IDIOTIC ARE HYOU AGAIN,,,he has money hence called, "a billionaire" not a zeroionair  ::) he has more cash to flow to suers,,,in fact easier to get frmo him vs people who have assets in money not cold hard cash,,
Title: Re: The "HOMELESS" Billionaire
Post by: TechnoViking on July 09, 2009, 07:58:32 AM
HOW IDIOTIC ARE HYOU AGAIN,,,he has money hence called, "a billionaire" not a zeroionair  ::) he has more cash to flow to suers,,,in fact easier to get frmo him vs people who have assets in money not cold hard cash,,

Hardly...How could you possibly prove he is actually a billionaire if he has no personal assets? His company is trusts and what not...You would be chasing a ghost if you tried to sue him personally...He's even a mystery to Forbes who don't have him listed in their top 400 riches people...
Title: Re: The "HOMELESS" Billionaire
Post by: TechnoViking on July 09, 2009, 08:00:14 AM
Brilliant how?  He still has lots of a$$$$$$$$$$etts. 


Says who? He may have nothing in his name...
Title: Re: The "HOMELESS" Billionaire
Post by: jack_ftype on July 09, 2009, 08:00:59 AM
Quote
he has more cash to flow to suers
lol

what crime did he commit again, or what is the compaint?  and in who's jurisdiction?  
Title: Re: The "HOMELESS" Billionaire
Post by: TechnoViking on July 09, 2009, 08:01:36 AM
HOW IDIOTIC ARE HYOU AGAIN,,,he has money hence called, "a billionaire" not a zeroionair  ::) he has more cash to flow to suers,,,in fact easier to get frmo him vs people who have assets in money not cold hard cash,,

Donald Trump also claims to be a Billionaire but many people say he isn't even close...
Title: Re: The "HOMELESS" Billionaire
Post by: bodybuildermdpitt on July 09, 2009, 08:11:48 AM
The Homeless Billionaire

(http://s.wsj.net/public/resources/images/MI-AQ440_BERG_20080518172015.jpg)

When I first met Nicolas Berggruen, I was struck by two things. First, he was a multi-billionaire I’d never heard of — the most interesting kind. Second, he didn’t own a home.

“I stay in hotels,” he told me.

A billionaire without a home? This, I figured, was worth a story. My article about Mr. Berggruen in today’s Journal focuses mainly on his investing life and his push toward socially responsible investing. But what interested me most was his unconventional personal life.

After making his billions, Mr. Berggruen, 46, lost interest in acquiring things: They didn’t satisfy him, and in fact had become something of a burden. So he started paring down his material life, selling off his condo in New York, his mansion in Florida and his only car. He hatched plans to leave his fortune to charity and his art collection to a new museum in Berlin.

For him, wealth is about lasting impact, not stuff.

“Everybody is different and I think that we live in a material world,” he told me. “But for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we’re only here for a short period of time. It’s what we do and produce, it’s our actions, that will last forever. That’s real value.”

When I pressed him on why he no longer got much enjoyment from acquiring more “things,” he said this: “First, I don’t need it. Secondly, maybe in a bizarre kind of way, I don’t want to be dependent on it or have the responsibility. I don’t get that much enjoyment out of saying ‘I own it.’ ”

Mr. Berggruen makes clear that his philosophy is his own, and he has nothing against those who want to enjoy their wealth by having big homes, cars and all the rest. And of course it’s easy for a billionaire to say “money and things aren’t important.”

But his perspective seems to be increasingly common among today’s superwealthy — and even wealthy — who are looking for more lasting meaning in their lives beyond their possessions. I’m not saying they’re right or wrong or that possessions are inferior to other measures of wealth — people should use their wealth however they choose. Yet for all that, Mr. Berggruen’s personal downsizing may be a sign that the voluntary simplicity movement could be moving up the wealth ladder.


This is actually a very well thought out tax scheme, which a lot of people do. You can tax deduct any business expenditure, INCLUDING HOTEL STAYS. There are a lot of people that live this way. At his level of income, and even mine for that matter, it is better to itemize your deductions. I actually know of two physicians in Houston, that rent out hotel rooms for a year at a time, while at the same time maintaining state residency in another state. There practice is just one big tax deduction. As I am hitting almost 40, I should tell you one thing, you will never achieve billionaire or even millionaire status without abusing the poor. Unfortunately, or fortunately, that is how society works.
Title: Re: The "HOMELESS" Billionaire
Post by: noworries on July 09, 2009, 08:18:57 AM
Its a brilliant move really...Try suing a guy who has no property...

We'll take it you said this cause you are just dumb.  Obviously you dont know what BILLIONAIRE means.  Having cash assets is probably easier to get than property.
Title: Re: The "HOMELESS" Billionaire
Post by: Fury on July 09, 2009, 08:20:18 AM
We'll take it you said this cause you are just dumb.  Obviously you dont know what BILLIONAIRE means.  Having cash assets is probably easier to get than property.

Next to MattT, he's arguably the dumbest person on Getbig.  :-\
Title: Re: The "HOMELESS" Billionaire
Post by: wild willie on July 09, 2009, 08:25:28 AM
i actually think that guy has a much more interesting life than all these uber rich people who settle themselves in huge mansions and  surround themselves with cheap empty luxury.
spoken like a truly jealous individual........you figure everyone should live like you.......WRONG!!!!!!!!!!!
Title: Re: The "HOMELESS" Billionaire
Post by: TechnoViking on July 09, 2009, 08:35:14 AM
We'll take it you said this cause you are just dumb.  Obviously you dont know what BILLIONAIRE means.  Having cash assets is probably easier to get than property.

I understand that...The problem is you would have a hard time pinning down what he actually has in cash...All his art is going to go into museum's...Untouchable...

Two words for you

Bernie Madoff...

I don't think he has to many houses hidden from the feds at this point but he has enough money unaccounted for to buy a small country...
Title: Re: The "HOMELESS" Billionaire
Post by: benchthis on July 09, 2009, 12:47:47 PM
Title: Re: The "HOMELESS" Billionaire
Post by: noworries on July 09, 2009, 06:13:52 PM
I understand that...The problem is you would have a hard time pinning down what he actually has in cash...All his art is going to go into museum's...Untouchable...

Two words for you

Bernie Madoff...

I don't think he has to many houses hidden from the feds at this point but he has enough money unaccounted for to buy a small country...

So are you saying he keeps ALL his money in his matteress.  I don't think so.  He has bank accounts with LOTS of cash it.  Courts will just seize his accounts after you get the judgement and go through the process of collecting.  Pretty sure he probably has some stocks, bonds and mutuals you can grab too.  If he is living in hotel I bet you he isn't paying in cash but with credit cards.  Those cards are being paid.  It is alot harder to secure physical property than cash.  Every collector is going to lien his property and then you have to stand in line.  At least with cash they can pay off the debts as they are filed. 
Title: Re: The "HOMELESS" Billionaire
Post by: IronMagazine.com on July 09, 2009, 06:47:12 PM
if he is rich and can live in hotels I do not consider that to be a "homeless person".
Title: Re: The "HOMELESS" Billionaire
Post by: Bast175 on July 09, 2009, 06:51:06 PM
Guys buy luxury items to attract women, mostly.
Title: Re: The "HOMELESS" Billionaire
Post by: Marty Champions on July 09, 2009, 06:53:54 PM
the dude probably owns a shitload of realestate

there are alot of people who own 500 and 1000 units= millionairs even billionairs