blankempathy
Member
His dream. Personally I wouldn't live anywhere near that area. I'd enjoy a more peaceful life. Plus wtf would I even do with all that room. I guess I'd have plenty of amiibo displaying room so theres that.
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Minecraft Creator Snatches Beverly Hills Megamansion From Beyoncé and Jay-Z For $70MM
- Thread starter chadskin
- Start date
His dream. Personally I wouldn't live anywhere near that area. I'd enjoy a more peaceful life. Plus wtf would I even do with all that room. I guess I'd have plenty of amiibo displaying room so theres that.
SimpleGamer
Member
God damn, I need to be rich to understand why such a house is needed. I would be throwing some crazy ass parties though!
HP_Wuvcraft
Banned
Yeah, I wouldn't want to live in the Hills either. It's way too fake. To an unhealthy degree.
StrongBlackVine
Banned
Are you aware of what kind of money you are talking about? What amount is considered modest and why would a billionaire be living in an apartment..unless it was some upscale penthouse in NYC?
Dynamite Shikoku
Congratulations, you really deserve it!
I would have gone for a NY penthouse
civilstrife
Member
Generally speaking, isn't real estate a good investment?
Of course, not that it's anyone's damn business what this man does with the money he made through the fruits of his own labour and talent.
Of course, not that it's anyone's damn business what this man does with the money he made through the fruits of his own labour and talent.
...And talent of his former employees. Who probably aren't living in mansions.
civilstrife
Member
Oh, you mean the ones that he hired? To work on the game that he created?
d00d3n
Member
Notch is smart. It does not make sense to stay in Sweden. Political system is destabilized. The outcome is difficult to predict, but we may have massive tax increases, especially for "rich people". Better to buy a mansion in LA for the money than to be a victim of senseless overtaxation that drains his resources.
Yeah. That made his success possible.
Dude is this sarcasm? That's what employees do and get paid for every month.
This is a weird post on several levels.
And I have to agree with it just because that's the way it is?
I think the morally responsible thing to do if you have a lot of money is to spend it. Otherwise you're just sitting on a pile of cash that no one can benefit from in a debt-free manner.
That's so much space! Unless he is living there with a huge family or friends it will start to feel a little bit lonely after a while I guess.
I would take those 70 million and build myself a mansion that is built excactly to my needs. And I'd probably still have at least 60m left after I did that. Oh, to have this kind of money...
I would take those 70 million and build myself a mansion that is built excactly to my needs. And I'd probably still have at least 60m left after I did that. Oh, to have this kind of money...
I'm pretty sure the other key figures behind Mojang's succes, like the other founders of the company and Jeb (who is the current lead developer on Minecraft) ended up with a decent chunk of the Minecraft money too. Everyone else is just your regular game developer working for a company (even then they probably have a good salary).
You create one of the biggest IP's in gaming history, you reap the rewards. Capitalism baby.
Orniletter
Banned
Yeah, I mean, he isn´t rich, he is filthy rich with the 2.5 billion he made with Minecraft (+ the millions he made earlier) . So...why not ?
It would be really, really cool if he´d pay for Psychonauts 2....kinda like in a"giving something back to the industry"-way that made him ridiculously rich, but he obviously doesn´t have to because of that one tweet he made several years ago.
It would be really, really cool if he´d pay for Psychonauts 2....kinda like in a"giving something back to the industry"-way that made him ridiculously rich, but he obviously doesn´t have to because of that one tweet he made several years ago.
civilstrife
Member
So basically you're calling him callous for spending/investing the money he earned rather than handing it out to his employees whose financial arrangements with the company we are not at all privey to?
The dude started Minecraft completely on his own. He assumed all of the risk, such as it was. He founded a company, hired and payed employees to help him expand the scope of the game. They did their jobs, they got payed. Hell, maybe they got massive bonuses too! That would be a private matter and one we would never hear about.
So how is he in any way obligated to do anything other than what he's been doing?
Yeah well fuck capitalism. It's a broken system that lets a select few like this guy live like kings while most normal people struggle.
civilstrife
Member
Aha.
StrongBlackVine
Banned
Nah he made his own success and they were paid for their services. Are you some kind of socialist?
*edit Apparently you are.
Damn, he's going to get a lot of fine looking women trying to get pregnant with him. He's set, drowning in pussy for the rest of his life.
Jay Z should at least give him tips to stay ahead, I've read stories of stars having to pickup and dispose of the content within their condoms before they sleep. A good problem to have I suppose. Have a baby with notch, become a millionaire
Jay Z should at least give him tips to stay ahead, I've read stories of stars having to pickup and dispose of the content within their condoms before they sleep. A good problem to have I suppose. Have a baby with notch, become a millionaire
Foxy Fox 39
Banned
Capitalism isn't perfect but come on dude.
There is something most definitely wrong with this, the home is offensively unattractive.
StrongBlackVine
Banned
Good luck getting people to create/produce anything if they can't profit from it fairly because you think lesser contributors deserve a handout.
I don't agree that "fairly" means he gets to live like a god the rest of his life, but hey.
"Lesser contributors" is also fairly condescending to the people that made this success possible. Or that them sharing in the success they all produced would somehow be a "handout".
I'm not sure the high-end market is that fruitful, unless you're building it.
He'll probably turn it around in a decade, but why would he need to? I don't doubt that his finances are in good hands - he seems humble and smart enough to hire people to work that for him.
Good on him for living the life, though. I bought Minecraft when it was on beta, but it was something I never really understood. My total time spent playing that game must've been 2 hours.
C'mon now, stop exaggerating just because you dislike the economic system. I doubt anyone who works at Mojang struggles. With all the underpayed, overworked developers in this industry it is a blessing to work at a place like that instead of being a modern slave at Ubisoft.
In fact, Notch created the job opportunities for those people. It isn't like he stole all their money and ran.
Yeah it's his money, none of our business blabla... But I can't help it, I kinda lost some of my respect for the man during the last year.
He always seemed like the personification of a humble person. Just made his dream game without the big nasty industry, you know?
And then he sold his baby for 2,5bn dollars to ms. Obviously a sum, that is hard to decline. And everybody has his own opinion, the thread here was endless.
But now he buys a fucking 70million dollar villa? If I had the money, I would move as well, but that is a bit much in my opinion.
I don't know, like I said, I always pictured him in his house in Sweden, happy with was he has and using the money for something more useful.
Call me naive, whatever...
He always seemed like the personification of a humble person. Just made his dream game without the big nasty industry, you know?
And then he sold his baby for 2,5bn dollars to ms. Obviously a sum, that is hard to decline. And everybody has his own opinion, the thread here was endless.
But now he buys a fucking 70million dollar villa? If I had the money, I would move as well, but that is a bit much in my opinion.
I don't know, like I said, I always pictured him in his house in Sweden, happy with was he has and using the money for something more useful.
Call me naive, whatever...
GloriousBagel
Banned
Capitalism allows for anyone to rise up to the top. Of course not everyone makes it to the top and those that do are the head honchos. You can't expect everyone to be at the top now can you?
And besides let's say I start a business and I hire a few employees to start off my business. Then my business somehow becomes a huge hit, does that mean I am obligated to divide all of my wealth equally amongst those employees? Of course not, I hired them and I payes them for their labor, I don't owe them nothing more.
Yep...
...and to fortify your point: Markus "Notch" Persson distributed nearly 3 million dollars to fellow Mojang employees (in 2012).
Most people that rise to the top do so with the help of others, and their position is maintained by the people below them as well. What do you think would happen to most corporations if all the employees just decided to stop showing up?
70 million isn't much considering he probably has a billion in the bank. Plus there is a good chance that 70 million will become 80-90 million within 5 years if/when he sells the place.
Good on him! This is only news because a it is the most expensive place in Beverly hills and b he beat Jay-Z. If neither of those were a factory this would be a much smaller news story.
StrongBlackVine
Banned
It's very naive. I will admit I don't much about this guy because I don't care about his games, but this idealized image some people seem to have is weird. He's doing exactly what I would expect a guy his position to do(and what I would do).
Sparrowhawk
Member
This logic is extremely flawed.
This is a success story of an extreme magnitude. You don't hear much about the other side of the coin, though. How many people out there are doing the exact same thing, slaving away at a computer all day, every day, trying to make a product that others will enjoy? People who quit their day jobs and cease to have a steady source of income because it's their dream and their passion. Hell, look at the indie threads on here. There are tons of extremely talented people, but how many will be so lucky to experience the same success as Notch? I'd be willing to say zero. Is it fair? Perhaps not, but that's life.
He started out by himself. It was his idea. He hired people to help build upon his vision. What does this sound like? The first chapter of any successful entrepreneur's biography. It isn't like these people did it for free, either - I'm sure the money they've made at Mojang is much better than any other job they could have, and they get to do what they love! They aren't buying excessively large, expensive houses in Beverly Hills, but they have it better than the majority, I'm sure.
Besides, doesn't it just seem so empty? Notch seems very lonely. Most of that house will probably fall into disuse while he programs away in a single room. Isn't he single now? He probably doesn't know what to do with that kind of money. We all say we'd buy a humble little place, and I'm sure many would stay true to their word, but can you even begin to imagine having that many decimal places in your bank account? That just seems so unreal to me.
Sorry if this reads strangely, I've been drinking and am pretty sleep deprived. Sucks to be Jay-Z I guess.
Could I ask what you do for a living? You seem overly salty.
They would be out of jobs and the company would hire fresh employees who would be happy to afford rent?
GloriousBagel
Banned
Yeah but they usually have those few right hands in higher positions. In a corporation it's not just the executive and all pawns. There is company hierarchy, people are able to work their way up to the top depending on their skills.
StrongBlackVine
Banned
Those employees would be jobless/homeless. It works both ways.
Depends on the company. The people up top have to be generous enough to allow that to happen, which you can't count on.
And this is the case because people are paid so little that the only way to live is to work for billionaires who don't have these worries.
civilstrife
Member
Those employees would go unpaid and be unable to feed their families before they found other jobs. The corporation would also suffer for a while during the rehiring process.
But I hear you man. Like what if everyone on the planet just totally just...stopped working. Woahhhh
Sparrowhawk
Member
You could probably buy a nice house in every first-world country and still have plenty of money left over to fund Psychonauts 2.
Chittagong
Gold Member
Buying a huge property when you have a huge fortune isn't a thing. It's simply storing your money in a different form that still earns a yield through capital gains and rental income.
The thing to take into consideration here is that occupying it yourself cuts the rental income and only returns capital gain. This creates a big cash flow requirement.
The maintenance expense of that house will be around $100K a month. So basically he is investing $1M+ in living. By placing $21M of his wealth in a fund that yields 7% annually will cover that cost and have a reasonable inflation buffer.
So essentially, this house is him storing $91M of his net wealth in a form he probably enjoys. Would not be my choice, but as long as he isn't short $91M it doesn't affect his net wealth.
The thing to take into consideration here is that occupying it yourself cuts the rental income and only returns capital gain. This creates a big cash flow requirement.
The maintenance expense of that house will be around $100K a month. So basically he is investing $1M+ in living. By placing $21M of his wealth in a fund that yields 7% annually will cover that cost and have a reasonable inflation buffer.
So essentially, this house is him storing $91M of his net wealth in a form he probably enjoys. Would not be my choice, but as long as he isn't short $91M it doesn't affect his net wealth.
GloriousBagel
Banned
Positions at the top aren't infinite, imagine a company with 1000 executives?? Most people work really hard to make their way up and I say most because there's always that guy or two with that uncle in the top. It's life. Notch has the right to do whatever he wants with HIS money. He doesn't owe anyone anything. If he wants to pay for 2 million dollar penis enlargement surgery so be it, he worked for his money, so he should be able to do whatever he wants with his money.
Meanwhile the people at the top won't have those worries because they've been hoarding most of the money their pawns have been making for themselves.
Many people work really hard and go nowhere too.