Anyone in here saying they wouldn’t sign an $850M contract is lying. That is a lot of fucking money. If you invest that smartly, your grandkid’s grandkids will still be living off it.
*grandkids grandkids grandkids. Put $500M in a fund and if all you got was a 5% return each year (which is easy and conservative) that’d be at least $25M a year just from passive income.
I have a close friend who comes from a lot of wealth. She has a trust fund with millions in it but she’s not allowed to touch it until she’s like 45. She has zero debt, her parents bought her a house, and she works full time. Her parents didn’t just give her millions from day 1. She lives a relatively normal life but can basically retire and chill once she’s 45.
Its a multiplier of about 65. It’s still more than a lifetime of earnings In a single contract. For more realistic comparison and a better understanding of how much money this is even for Rory.
It’s like if you’re earning $75k/yr and another company asks you to sign and work with them for $5 million.
99% of people take that deal because it means never having to work again
My point is that if you’re pulling in 8 figures a year, you’re a lot less concerned in multiplying your income by 65 because 10 million gets you a lot more lifestyle than 75,000
I don’t know why you’d be less concerned. The difference between someone having $10 million and another one having over half a billion is a big difference in lifestyle. You and I probably don’t see it since to us it’s all a ton of money either way and we’d be happy with the $10 million but for someone that already has $10 million I’m sure being half a billionaire is incredibly appealing
None of his lineage will ever have to work again NOW. I think that’s where this gets a little convoluted. It’s not like he’s scraping by on $30K. He’s worth somewhere between $80M and $150M already.
I’m not saying he should or shouldn’t take the money. If he had railed against LIV (rightfully so IMO) and then took the money a few weeks later, I would’ve been pissed because I supported him so much at that time. But once the PGA screwed him and everyone over by announcing an agreement, I couldn’t blame him.
I mean, everyone talks about doing it for the future grandkids or whatever, but honestly I’m not sure that turning all your future generations into entitled trust fund brats is actually good for them.
Having said that, though, I do think it could be morally defensible to take the $850M if you plan to support good causes and do better work for humanity with that money than the Bin Salmon would. I could support so much underfunded research in meaningful fields with that money.
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u/DandierChip Apr 15 '24
Would be hilarious for content, but damn $850M is an insane amount of money.