Getbigger inherits $600 million...dies with only $300k

[IroNat]

Steve Bing worth just $300,000 at time of death

https://pagesix.com/2020/10/19/steve-bing-burned-through-all-but-300k-of-600-million-inheritance/

"Steve Bing — who inherited $600 million from his real-estate developer grandfather at the age of 18 — only had about $300,000 left to his name at his death, leaving him relatively broke, a new article in Town & Country reveals."

[Kwon]

Bing committed suicide in Los Angeles in June at the age of 55.

In September, a judge ruled that his estate would be administered by Kira Kerkorian, his daughter with tennis pro Lisa Bonder.

The money was meant to be bequeathed to the Clinton Foundation, but the estate has several debts to settle first.

Bing, a Hollywood producer, had substance abuse issues, but according to the article had been sober for several months before his death and had been speaking with a therapist twice a day.

He had also reconnected with Damian, his son with actress Elizabeth Hurley.

[G_Thang]

LOL, now that's messing up generational wealth since it was primarily a real estate empire.  Shouldn't this article be about a black man? 

[Mr Anabolic]

This is a special kind of stupid.
 
The majority of people in this world are weak-minded, undisciplined and frivolous.

[Body-Buildah]

Elizabeth Hurley

Would shoot a gallon all over Liz.

[MAXX]

They say wealth onlylasts one or two generations in general.

People that inherit and has everything given to them from start will not have any hunger to "make it", work for money or value the dollar.

[Kwon]

They say wealth onlylasts one or two generations in general.

People that inherit and has everything given to them from start will not have any hunger to "make it", work for money or value the dollar.

That is why (if you are very rich / have a great company/companies) you need to have several children.

With three, at least one is probably capable to take over the family-business once you croak.


If you only have one child and he's like a Dan Bilzerian, he will waste away everything on parties and hoes.

[bigkid]

What a total loser.  That's whats great about America though, the ability to go up and down the economic latter.

[joswift]

https://www.celebritynetworth.com/richest-celebrities/actors/elizabeth-hurley-net-worth/

[Humble Narcissist]

They say wealth onlylasts one or two generations in general.

People that inherit and has everything given to them from start will not have any hunger to "make it", work for money or value the dollar.

That money will last forever if you only spend the interest and not the principle.  No need to work at all.

[SOMEPARTS]

That money will last forever if you only spend the interest and not the principle.  No need to work at all.

Except there's no interest being paid now or in the future. Old concept.

[Rascal full]

Except there's no interest being paid now or in the future. Old concept.

Even .25% of 600 million is some decent dough. This prick must have been monumentally fucked up to blow through that much. No wonder he topped himself, no supermodels or actresses gonna be spinning on his dick when he's skint.

[MAXX]

That money will last forever if you only spend the interest and not the principle.  No need to work at all.

low enough for inflation to eat it up.

[Andy Griffin]

Except there's no interest being paid now or in the future. Old concept.

There is little to no interest paid on the loser accounts most people qualify for.  A large enough deposit qualifies for winners' rates.

[SOMEPARTS]

There is little to no interest paid on the loser accounts most people qualify for.  A large enough deposit qualifies for winners' rates.

250k was paying like $300 a month last year when rates were higher than they are now. Blows.

[G_Thang]

250k was paying like $300 a month last year when rates were higher than they are now. Blows.

Before Kong Flu, Amex was paying $415 (correction - top was $450) a month.  Now it's like $120. 

[Humble Narcissist]

Except there's no interest being paid now or in the future. Old concept.

I'm not talking about bank accounts.  I should have said dividends.

[Teutonic Knight 1]

That is why (if you are very rich / have a great company/companies) you need to have several children.

With three, at least one is probably capable to take over the family-business once you croak.


If you only have one child and he's like a Dan Bilzerian, he will waste away everything on parties and hoes.

Or be like Howard & adopt 2-3 cabbage patch dolls 

[Fortress]

The Clinton Foundation!

Now that absolutely corrupt organization ain’t getting squat!

Hahahahahaha!

[robcguns]

Would shoot a gallon all over Liz.

You and me both.

The Clinton Foundation!

Now that absolutely corrupt organization ain’t getting squat!

Hahahahahaha!

Good point Hahahah.

[Bevo]

That is why (if you are very rich / have a great company/companies) you need to have several children.

With three, at least one is probably capable to take over the family-business once you croak.


If you only have one child and he's like a Dan Bilzerian, he will waste away everything on parties and hoes.

Can’t wait until Dan blizerian drops dead

[Bevo]

I'm not talking about bank accounts.  I should have said dividends.

Exactly, who the fucks keeps money in bank accounts that pay .000006 or .000070 interest

Be a real getbigger and have your money in stocks, real estate, index funds and live off of the dividends from your dividend stocks, growth stocks and keep some of that money in index funds grow from compounding interest

I mean the guy has/had 600 million, could have turned into 750+ mil easily over time

[Taffin]

Even .25% of 600 million is some decent dough. This prick must have been monumentally fucked up to blow through that much. No wonder he topped himself, no supermodels or actresses gonna be spinning on his dick when he's skint.

Oof!  LOL

[The Scott]

The Clinton Foundation!

Now that absolutely corrupt organization ain’t getting squat!

Hahahahahaha!

Perhaps we should be singing his praises?  Fuck the Clintons.

[CalvinH]

What’s the point of having 600 mil if you can’t blow it all and die young?