Jeff Bezos is Living His Best Life
Summary
TLDRThis video explores the diverse ways 12 retired billionaires spend their fortunes during retirement. From Jeff Bezos' $500 million mega-yacht to Lillian Bettencourt's tragic dementia-induced spending spree, each billionaire's story is unique. Some, like Steve Ballmer, find happiness through sports and golf, while others, like Paul Allen, struggle to find fulfillment despite lavish spending. The video also highlights philanthropists like Bill Gates, who focuses on giving back, and Warren Buffett, who dislikes the concept of retirement. The contrasting lifestyles of these mega-rich individuals offer a glimpse into the complexities of wealth and happiness in retirement.
Takeaways
- 💰 Jeff Bezos had a net worth of around $200 billion when he retired in 2021, which would take 547 years to spend at a rate of $1 million a day.
- 🛍️ Lillian Bettencourt, the richest woman in the world, suffered from dementia and Alzheimer's, leading to reckless spending and exploitation by those around her.
- 🏀 Steve Ballmer, retired CEO of Microsoft, enjoys his retirement by purchasing the Los Angeles Clippers and indulging in his love for golf.
- 🚀 Paul Allen, co-founder of Microsoft, spent lavishly on yachts, sports teams, and parties but still felt unfulfilled despite his wealth.
- 🤔 Bill Gates, known for his workaholic nature, has found meaning in retirement by giving away the majority of his wealth through the Giving Pledge.
- 💸 Jeff Bezos has been criticized for spending extravagantly on a mega-yacht and real estate, but he has also committed to fighting climate change through the Earth Fund.
- 🏙️ Michael Bloomberg's retirement involved entering the stressful world of politics, including a failed bid for the U.S. presidency.
- 🚀 Warren Buffett dislikes the concept of retirement and continues to work actively at the age of 93, amassing over $100 billion.
- 🏀 Michael Jordan spends his retirement playing golf, running the Charlotte Hornets, and dealing with the largest divorce settlement in history.
- 👗 Amancio Ortega, founder of Zara, leads a frugal life despite his wealth, reflecting his humble beginnings and work ethic.
- 🗳️ Meg Whitman transitioned from being the CEO of eBay to entering politics and serving as the U.S. ambassador to Kenya.
Q & A
How long would it take Jeff Bezos to spend his fortune if he spent $1 million a day?
-It would take Jeff Bezos 547 years to spend his entire fortune if he spent $1 million a day.
Who is helping Jeff Bezos make mindboggling expenses?
-Jeff Bezos' new girlfriend is helping him make mindboggling expenses.
What did Lillian Betancourt inherit to become rich?
-Lillian Betancourt inherited her father's share of L'Oreal, the world's largest cosmetics company, making her extremely wealthy.
What condition did Lillian Betancourt suffer from that led to her giving away large sums of money?
-Lillian Betancourt suffered from dementia and Alzheimer's disease, which led to her making irrational financial decisions.
How did the courts intervene in Lillian Betancourt's financial affairs?
-The courts placed Lillian Betancourt under the guardianship of her daughter and grandson, declaring her unfit to manage her wealth.
What notable purchase did Steve Ballmer make after retiring from Microsoft?
-After retiring from Microsoft, Steve Ballmer purchased the Los Angeles Clippers basketball team for $2 billion.
What were some of Paul Allen's extravagant purchases after his retirement?
-Paul Allen purchased a super yacht named Octopus for $200 million, the Portland Trailblazers basketball team for $70 million, and the Seattle Seahawks football team for $200 million.
What initiative did Bill Gates start to give away his wealth?
-Bill Gates started the Giving Pledge, in which he and other billionaires promised to give away the majority of their wealth to charity.
What is the name of Jeff Bezos' $500 million mega yacht?
-Jeff Bezos' $500 million mega yacht is named Koru.
How did Michael Jordan spend his retirement years?
-Michael Jordan spent his retirement years playing golf, doing business, helping groups fight racism, and becoming the majority owner of the Charlotte Hornets.
Outlines
💰 Jeff Bezos' Lavish Retirement Spending
Jeff Bezos, with a net worth of around $200 billion upon his retirement in 2021, could theoretically spend $1 million daily for 547 years without depleting his wealth. Bezos' extravagant spending includes a $500 million purchase, which is one of many 'wacky, reckless, and creative' expenditures by retired billionaires featured in the video. The video also highlights the tragic life of Lillian Bettencourt, the richest woman in the world, who suffered from dementia and Alzheimer's, leading to her wealth being mismanaged and exploited by those around her.
🏀 Steve Ballmer's Fun-Filled Retirement
Steve Ballmer, former CEO of Microsoft, retired with billions and found happiness in his retirement. He purchased the Los Angeles Clippers for $2 billion and enjoys attending games. Ballmer's love for golf led him to join seven exclusive golf clubs and travel the world for golf vacations. Despite his fun-filled retirement, he also contributes to charity through his foundation, contrasting with Paul Allen, who spent lavishly on yachts, sports teams, and parties but still felt unfulfilled.
🚀 Bill Gates' Philanthropic Retirement
Bill Gates, co-founder of Microsoft, retired as a certified workaholic with a net worth of $58 billion. Instead of spending his wealth on personal luxuries, Gates has focused on philanthropy, creating the 'Giving Pledge' with his wife Melinda. The initiative encourages billionaires to donate the majority of their wealth to charity, with Gates having donated over $50 billion through his foundation to fight hunger, develop vaccines, and improve education.
🏆 Michael Jordan's Competitive Golf and Business Ventures
Michael Jordan, the renowned basketball player, retired from sports but continued to engage in competitive golf, which he finds challenging and fulfilling. He became the majority owner of the Charlotte Hornets and later sold his stake for $3 billion. Despite a costly divorce settlement of $168 million, Jordan has maintained a private life, focusing on family and business.
👗 Amancio Ortega's Frugal Lifestyle and Meg Whitman's Political Ambitions
Amancio Ortega, the founder of the Zara fashion brand, leads a modest life despite his immense wealth, choosing to live in an unremarkable apartment and drive a simple car. In contrast, Meg Whitman, former CEO of eBay, entered politics during her retirement, even funding her own campaign to become the governor of California. She was later appointed as the United States ambassador to Kenya, showcasing her desire to serve her country.
Mindmap
Keywords
💡Jeff Bezos
💡Retirement
💡Lilian Bettencourt
💡Steve Ballmer
💡Paul Allen
💡Bill Gates
💡Michael Bloomberg
💡Warren Buffett
💡Michael Jordan
💡Philanthropy
Highlights
Jeff Bezos had a net worth of around $200 billion at the time of his retirement in 2021.
Bezos could spend $1 million a day and it would take him 547 years to deplete his fortune.
The video covers 12 retired billionaires and their extravagant or tragic retirement lifestyles.
Lillian Bettencourt, the richest woman in the world, suffered a disastrous retirement due to dementia.
Bettencourt gave away billions in gifts and investments, which were later found to be influenced by her dementia.
Steve Ballmer, former CEO of Microsoft, enjoys his retirement by purchasing sports teams and playing golf.
Ballmer is known as the happiest retired guy on Earth due to his active and enjoyable retirement.
Paul Allen, co-founder of Microsoft, spent heavily on yachts, sports teams, and parties but still felt unfulfilled.
Bill Gates, instead of spending his wealth, focuses on philanthropy through the Giving Pledge.
Gates has donated over $50 billion through his foundation to fight hunger, develop vaccines, and improve education.
Jeff Bezos has been criticized for spending on personal luxuries like a $500 million mega-yacht.
Bezos also launched a $10 billion fund to fight climate change called the Bezos Earth Fund.
Michael Bloomberg spent heavily on his political campaigns but found politics more stressful than business.
Warren Buffett dislikes the concept of retirement and continues to work actively at 93 years old.
Michael Jordan, after retiring from basketball, faced a $168 million divorce settlement, one of the largest in history.
Amancio Ortega, founder of Zara, lives a frugal life despite being one of the richest men in Europe.
Meg Whitman, former CEO of eBay, entered politics during her retirement, even funding her own campaign.
George Lucas retired to spend more time with his family after selling Lucasfilm to Disney for $4.1 billion.
Sam Walton, founder of Walmart, unfortunately passed away only four years after his retirement.
The Al Nahyan royal family of Abu Dhabi is known for their extravagant and luxurious lifestyle.
Transcripts
when Jeff Bezos retired in 2021 he had a
net worth of around $200
billion this means if Bezos spends $1
million a day it would take him
547 years to blow through his entire
Fortune lucky for Bezos he's gotten
himself a new girlfriend who's been
helping him make mindboggling expenses
like this thing that they bought for
$500
million but before we reveal what Bezos
is splashing his billions on you should
know that he isn't the only retired
billionaire wondering how to spend his
money in this video we'll cover 12
retired billionaires and reveal the
wacky Reckless and creative things these
Mega rich people do during their
retirement be prepared for surprises
because while some of these billionaires
are Riding High others are living
extremely miserable lives take Lillian
betancort for instance of all the
billionaires we'll cover Lillian betan
Court's life after retirement is by far
the most
tragic Lillian wasn't your average
billionaire she was the richest woman in
the world however all Lillian's money
couldn't prevent her retirement from
being so
disastrous to understand what happened
to Lillian you need to know exactly how
she amassed $44 billion in the first
place Lillian Betten cour was the only
child of the founder of L'Oreal the
world's largest Cosmetics company when
her father died in
1957 Lillian inherited his share of the
company and in the process became Filthy
Rich she got married had a child and
lived a pretty disciplined life however
that all changed when she retired and
lilan began doing things that made no
sense for instance Lillian gave a
photographer cash and Gifts totaling $1
billion simply because she liked his
personality she even offered the same
guy an entire Mansion as a gift but he
turned it down as if that wasn't bad
enough Lillian also gave her lawyer $200
million what was the reason she said she
wanted to invest the 200 million into an
online gambling company the lawyer had
told her about over 10 years lilan gave
away Exquisite paintings large sums of
money and expensive jewelry to dozens of
people the spending spree only stopped
when Lillian's daughter involved the
French courts in the matter after
running some medical tests on Lillian
the courts realized that she was
suffering from dementia and
Alzheimer's this means all those years
Lillian was showering people with money
and gifts she wasn't thinking straight
in the press that report says that beton
courot now age 88 is suffering from
dementia and the Alzheimer's disease 10
people including Lillian's nurse friends
and lawyer were accused of taking
advantage of her fragile mental state to
steal her money after the intense
courtroom battle eight of them were
found guilty and sentenced to time
Behind Bars the courts also declared
lilan unfit to manage her wealth and
placed her under the supervision of her
daughter and
Grandson a court in France has ruled
that the country's richest woman lilan
betan cor be placed under the
guardianship of her grandson and that
her vast Fortune be managed by her
daughter this court order made Lillian
beton Court a billionaire who needed
permission to spend her own money how
tragic but while lilan was surrounded by
vultures and parasites during her
retirement Steve balmer's retirement is
so much fun that he's been called the
happiest retired guy on earth
in 1980 Steve bulmer dropped out of
college to join Microsoft as the 30th
employee 20 years later he was appointed
CEO of Microsoft but Steve wouldn't have
been excited about the promotion if he
knew how much frustration and stress it
was going to bring him and by his own
admission Palmer was big bald and
loud
Microsoft was such a huge company that
making one bad decision or launching a
product that flopped cost the firm
billions of dollars and Steve made a lot
of mistakes leading to him being
constantly criticized by customers the
press and
shareholders pep rallies alone couldn't
cover up the Colossal missteps that were
to come first there was Windows Vista a
long overdue over budget update to
Microsoft's cash cap
then there was the move to mobile
devices an opportunity that bomber and
Company missed until it was almost too
late fair to say that that that the
smartphone category the cell phone
category has been your company's
Achilles heel over the last many years
true uh over the last year too I'd agree
with that the stakes were high the
spotlight was bright and there was no
room for mistakes bulmer LED Microsoft
for 14 years and retired in 2014 with
billions of dollars in the bank after
enduring the pressure of running the
world's biggest company Steve bulmer was
determined to make every day of his
retirement as enjoyable as possible the
same year he retired Bulma purchased the
Los Angeles Clippers for a whopping $2
billion he attends almost every game
cheering the team on and having
fun do we have any Clipper fans here
I can't hear you but the best part of
bulma's retirement is golf Bulma loves
golf so much he's a member of seven
exclusive golf clubs two in Seattle two
in Hawaii one in Los Angeles one in
Nebraska and one in Detroit Bulma even
travels for golf vacations with his
closest friends they fly around the
world in his private jet playing on the
best golf courses from Scotland to New
Zealand Steve also donates a lot of
money to charity through his foundation
but while Steve bulmer is the happiest
retired guy on Earth this next
billionaire complained that after
spending billions of dollars he still
wasn't happy or fulfilled Paul Allen
co-founder of Microsoft was only 30
years old when he received the worst
news of his life he had cancer to to
focus on treating his cancer Paul
retired from Microsoft of course it was
easy for Paul to retire early because he
was already worth millions of dollars
thanks to Microsoft success a few years
later Microsoft went public catapulting
Paul from millionaire to billionaire
status Paul Allen was Young Rich and
retired and he had just beaten cancer
now he was ready to enjoy his retirement
to the fullest Paul splashed $200
million on a super yacht called The
[Music]
Octopus the octopus had eight levels
crew of 60 including former US Navy
Seals two helicopters seven boats a
remote controlled vehicle that crawls
across the ocean floor a recording
studio and a 10man
submarine but Allan still had more money
to blow he paid 70 million to buy the
Portland Trailblazers basketball team
and then another 200 million for the
Seattle Seahawks football team but he
didn't stop there Paul Allen snagged a
collection of sports cars and private
jets including two Boeing 7 f 57s and a
challenger 601 he also purchased a
collection of old war planes and iconic
paintings but apart from buying things
Paul also tried to use his money to buy
friends Paul Allen wasn't very good at
making friends because he was awkward
and shy to fix this problem he threw
extravagant parties and invited
celebrities to come hang out with him
this is a scene from one of alen parties
on his yacht cut
[Music]
to Paul Allen even got on stage to sing
and play the
[Applause]
[Music]
guitar Paul Allen threw lots of parties
in 1998 Allen celebrated his 45th
birthday by taking his friends on a
week-long luxury cruise to Alaska that
cost him about $5
million 2 years later he blew another 8
million on another party when he flew
guests to Helsinki and St Petersburg for
the festivities but after all this
spending Allan still felt like crap Paul
reportedly complained to his friends
about how fr frustrated he was Allan
said I've spent money on Jets boats I
don't know what to do next we don't know
whether Paul Allen ever found the piece
he was searching for sadly his cancer
returned in 2018 and he died a few
months later Allan died yesterday from
non Hotchkins lyoma he was just 65 years
old but while Paul Allen may have never
found true happiness his former best
friend Bill Gates seems to have found
meaning by trying to solve the world's
biggest problems many people never
expected Bill Gates to retire because he
was a certified
workaholic I used to stay at work uh
till 11: or 12 and then go home and read
oh
wow that's 11: or 12 p.m. as he showed
me the main Microsoft campus Bill
confessed that he's a workaholic he puts
in hours even on weekends Bill's
commitment to work p paid off because by
the time he was retiring he was worth
$58
billion so how did one of the richest
men in the world spend his billions
during retirement surprisingly he was
less interested in spending the money
and more interested in giving it all
away bill and his wife created the
giving pledge in which he promised to
give away the majority of his wealth and
encourage other billionaires to do the
same according to one recent estimate
the world is more than 2,000
billionaires many of them are being
asked to give half of their fortunes to
charity the giving pledge was created by
Bill Gates his wife Melinda and Warren
Buffet so far Gates has donated over $50
billion through his foundation Bill
Gates doesn't throw parties or take
expensive vacations he spends all his
time working to Fight Hunger develop
vaccines and improve education although
Gates has vowed to give away 99% of his
wealth this next billionaire has been
criticized for spending too much on
himself and not giving enough to charity
Jeff Bezos and his new girlfriend Lauren
Sanchez have been writing big checks a
perfect example is the $500 million mega
yacht Bezos recently purchased V owned
by founder Jeff Bezos just dropped
anchor in South Florida the half billion
dooll vessel named koru is docked right
now at Port Everglades the
417 footer is the world's largest
sailing and to top it all off the yacht
has a mermaid sculpture that resembles
his girlfriend Lauren Sanchez but that's
not the only mindboggling thing Bezos
has splashed money on during his
retirement Bezos spent $68 million on a
waterfront mansion on Miami's Indian in
Creek Village and only 2 months later he
dropped another $79 million to buy the
Mansion next door but Bezos has also
spent some money on humanitarian causes
in 2020 he launched a 10 billion doll
fund to fight climate change he called
it the Earth fund and has already
dispersed grants exceeding $100
million nowadays Bezos spends most of
his time vacationing in exclusive
Resorts attending private parties and
working on passion projects like his
space company blue origin but while
Bezos spends most of his time relaxing
our next billionaire did the opposite
Michael Bloomberg's activities during
retirement were more stressful than
anything he'd done in his 40 years of
work the voters have spoken and now it's
up to us to deliver can we do
it Michael Bloomberg is a household name
in America but how did he get rich
Bloomberg's father was a bookkeeper and
his mother a secretary after completing
a degree in engineering he went on to
Harvard Business School then taking a
position with an investment Bank
Bloomberg quickly climbed the ladder
within 15 years he made General partner
but was fired in
1981 the day after his dismissal
Bloomberg used 4 million ion us to
launch a financial information company
called Innovative Market systems later
to become Bloomberg LP over the course
of 20 years he built that company from a
startup to a multi-billion doll
Enterprise but when the time came for
Bloomberg to retire he simply jumped
from the stressful world of business
into the stressful world of politics
Bloomberg was elected mayor of New York
City in 2002 and held on to that
position for 12 years but it wasn't a
smooth ride Bloomberg was constantly
embroiled in drama and
accusations it definitely wasn't a
soothing way for a billionaire to spend
their retirement but it seems Bloomberg
loved the drama because in 2020 he took
it a step further by trying to become US
president but things didn't go as
planned now the 76-year-old only joined
the race just 101 days ago and spent a
staggering $600 million us of his own
money now with a net worth of almost
aund billion Bloomberg is finally
getting some much needed rest however
rest is a word our next billionaire
doesn't want to hear because he
absolutely hates the idea of
retirement Warren Buffett is one of the
most successful investors in history
after making his first investment when
he was only 11 years old Warren honed
his investing skills until he had
amassed over a100
billion however when the time came for
Warren to retire he surprised Everyone
by explaining how much he hated the
concept of retirement it's not
Unthinkable that perhaps you might want
to retire or for good God's it's
Unthinkable unable I don't want that one
to go by Harford and even though people
thought Warren would eventually change
his mind he has proved naysayers wrong
he's continued working every single day
now 93 years old he shows no signs of
stopping but at least Warren Buffett can
keep doing his job Michael Jordan on the
other hand was forced to retire because
his body couldn't keep up so how does
the greatest basketball player of all
time spend his
retirement the answer might surprise
you during his Heyday Michael Jordan was
the most famous athlete in the world and
20 years after retiring from basketball
his popularity has only grown unlike
other athletes who get lost in the Dark
World of parties drugs and hookers
Michael Jordan took a much different
approach after retiring Jordan spent a
lot of his time playing golf doing
business and helping groups that f fight
racism Michael Jordan loves golf almost
as much as he loves basketball would
have been a little bit different but I I
I kind of got into golf uh mainly
because from a competitive standpoint to
me it is the hardest game to absolutely
uh I can always respond to an opponent a
defensive guy offensive guy whatever but
in golf it's like playing in a mirror
and you battling yourself consistently
to try to get Perfection every swing
every Putt and there's a reason why he
loves golf so
[Applause]
much for a competitive person like me
this is what keeps me saying you know
because when I walk away from the game
of basketball you know that was enough
to keep my competitive juices working
absolutely but Jordan didn't abandon
basketball completely he became the
majority owner of the Charlotte Hornets
and sold his stake in 2023 for an insane
sum of $3
billion but Jordan's retirement hasn't
been all sunshine and Roses in 2006 he
made a decision that cost him 168
million after nearly 20 years of
marriage Jordan and his wife got a
divorce during the split Jordan was
ordered to pay his ex-wife
$168
million till this day that is one of the
largest divorce settlements in history
but a superstar billionaire like MJ
wasn't single for long bells ringing
today for NBA legend Michael Jordan
Jordan and evet PR tied the nod earlier
this evening on pal after Decades of
stardom Jordan is living a very private
life he spends most of his time with his
wife raising his twin daughters but
Jordan isn't the only billionaire who
spends most of his time with family this
next billionaire loves his privacy so
much he hates it when people recognize
him
in 2017 amancio Orga the founder of the
Zara fashion brand retired born into
poverty Ortega Rose to become one of the
richest men in Europe with billions of
dollars in the bank but after amassing
all this money he didn't have anything
to spend it on Orga and his wife live in
a modest apartment overlooking the ocean
in Spain they also drive an unremarkable
car the reason behind orga's Frugal life
lifestyle becomes pretty obvious when
you consider the difficult life amancio
has lived his fashion Empire began with
him stitching clothing by hand in his
living room even when becoming a
billionaire he would eat in the general
canteen with his workers avoiding big
parties and the celebrity lifestyle
while Orga is focused on privacy Meg
Witman has used her retirement to step
into the spotlight Meg Whitman got rich
as the CEO of eBay she helped eBay grow
from $4 million in annual revenue to $8
billion in annual revenue after retiring
from eBay with $1.3 billion Meg whitmann
decided to enter politics please welcome
and give a hearty big hand for Miss Me
Whitman she helped create one of the
most successful websites around now Meg
Whitman saids she wants to bring her
business experience to the California
governor's office
but instead of raising money like the
other candidates she sunk 144 million of
her own cash into the campaign even
though she didn't win she still got the
opportunity to serve her country in 2022
Whitman was appointed United States
ambassador to Kenya it is remarkable
that Whitman is comfortable spending her
retirement living in another country
because our next billionaire retired
because he wanted to stop traveling and
spend more time at home George Lucas is
the genius behind the Star Wars
franchise after Decades of creating
blockbuster movies Lucas announced his
retirement from filmmaking in 2012 to
prove he was serious Lucas even sold his
company Lucas film to Disney for 4.1
billion in stock and cash so what's he
doing now according to Lucas he retired
so he could spend more time with with
his wife newborn daughter and other
children it's been 10 years since George
Lucas retired and he spent almost every
moment with family Sam Walton on the
other hand wasn't that lucky since he
died barely 4 years after retirement Sam
Walton is one of the greatest
businessmen in American history he
created Walmart a company that
revolutionized how the country shops in
1988 after growing Walmart into a
multi-billion dollar business Sam
stepped down as the CEO of Walmart he
finally had an opportunity to relax and
spend his time with his grandkids
unfortunately Sam didn't live long
enough to enjoy his retirement the
founder of this country's largest retail
outlet has died Sam Walton who built the
Walmart Empire from scratch died today
after a lengthy battle with cancer Sam's
wealth was split between his kids making
them the richest family in America
nowadays rich people don't wait till
they retire to spend their billions they
prefer living an extravagant lifestyle
while they're young take the Alan royal
family for instance the Alan are the
wealthiest Arab family in the United
Arab Emirates and they're desperately
searching for new ways to spend their
money if you're wondering how a
trillionaire royal family spends their
cash click here to discover the
trillionaire lifestyle of Abu dhabi's
royal
[Music]
family
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