Category: billionaires

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What Would You First Do if You Became a Billionaire? Here’s What People Said.

If you said you’ve never daydreamed about what you’d do with a billion dollars, I’d say that you might be lying.

We’ve all done it!

I think I’d throw my phone in the trash and go to some tropical island for about a month just to chill and take as many naps as possible…and then I’d start scheming and figuring out who would get how much money…

I just really hope it wouldn’t turn me into an evil person…

What would you do first if you became a billionaire?

Here’s what AskReddit users had to say.

1. Just chillin’.

“Nothing.

With that kind of money I could afford not to do anything for a while.”

2. I like this.

“Revive my favorite TV shows.

I don’t care if anyone is already d**d.

We have CGI for that.”

3. You do you.

“I’d employ a law firm that semi-exclusively litigated my petty squabbles with the world.

False advertising.

Cop car paint colors.

Whatever else that bothers me.”

4. Sounds like paradise.

“Buy my own private island and have a house built that is designed to give me the best possible sleep I could ever have.”

5. Amazing.

“Build a large homeless shelter with therapists to show them how to get back on their feet.

I was homeless for 6 years.

You are mentally different after that.”

6.

“First thing… hire a lawyer.

Second thing, hire security.

Third thing, pay off every living expense my family and friends will have for thier entire life.”

7. A simple plan.

“This will sound cliche…

Take care of friends and family.

Invest the majority.

Travel for remainder of my life.”

8. A lot of cash.

“A billion dollars is more money than I could spend in a lifetime.

I’d work with a financial advisor and an attorney to figure out how much I need to comfortably live the rest of my life as well as how I should go about securing stocks/bonds/other money generating assets.

Then I would take that amount, match it for both my siblings and my parents, and then figure out which modern day efforts/charities would most benefit from the money.”

9. Nice and easy.

“I’d pay off the house and bills.

Then just kick it and enjoy my time with my wife and kids.”

10. Gotta do it!

“Give half to my parents, make ’em comfy forever.

Least I can do to repay their kindness.”

11. Here’s the deal.

“Buy new t-shirts and underwear.

Purchase land, build sanctuary with tiny homes, apply to become a haven for refugees of war.

Pay off my house and buy my daughter a horse.

Buy Bitcoin on a dip, sell it high then drive around everyday giving people big wads of cash randomly.”

12. Do some good work.

“Pay off student loans for people.

Finance infrastructure projects.

Finance educational facilities.

Provide health care for people.

And invest properly to keep more billions coming.

13. Got it all figured out.

“I would become a secret benefactor like the Spider in Charles Dickens’ “Great Expectations.”

I would secretly find amazing people in the world and start sending them money and gifts that would help them to expand and grow their amazingness.

I would start secretly paying off student lunch debt.

I would secretly payoff layaway items at stores around the US in December.

I would secretly hire a construction company to just show up in Flint, Michigan and start fixing all the plumbing.

I would secretly fund library trucks that come into lower socioeconomic neighborhoods to provide every child and adult with 20+ age appropriate books for their home in order to create a grass roots neighborhood learning program that would encourage the sharing of books with others throughout the community. Nobody would know why but the book mobiles would just start showing up once a week in public places.

I would secretly offer public schools funding for music, art, philosophy, personal finance and REAL American and world history courses that would actually prepare our amazing children with the skills and knowledge they need to be amazing humans.

I would secretly buy plots of land in industrial parts of cities like Portland, Seattle, Los Angeles with high homeless populations and start adding small, recycled homes to give every homeless person who needs a roof and clean water services like public showers and sinks.

I would then secretly sponsor a free healthcare truck for every location to ensure all the homeless residents receive medical, dental and mental healthcare including drug and al**hol counseling, needle exchange to assist them in regaining control of their precious lives while receiving the help and care they need. All just to prove how successful they can be.

All of this in secret to give everyone in the world some hope that there is some secret person out there looking out for people who do good for the world and those in society who are currently unable to care for themselves. You know, hope, which many of us have lost.

My hope is this secret, pay-it-forward support would encourage other millionaires and billionaires to feel peer pressure to engage far more of their wealth on specific funded programs in the world that actually physically help and reward deserving folks. 🙂

Peace.”

How about you?

What would you do first if you became a billionaire?

Talk to us in the comments and let us know!

The post What Would You First Do if You Became a Billionaire? Here’s What People Said. appeared first on UberFacts.

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Mark Zuckerberg is the Third Person in the World to Achieve Centibillionaire Status

Even Mark Zuckerberg couldn’t have predicted that Facebook would ever grow this huge. Yet, the former Harvard dropout’s company has become not just a money-making machine but also a part of everyday life.

As a result of his brilliant and bold business, Zuckerberg has become a wealthy man. Even amongst the world’s elite, he still stands above nearly everyone else.

Photo Credit: Wikimedia Commons

In fact, the 36-year-old Facebook CEO became just the third centibillionaire in the world on Thursday, August 6. Coincidentally, the company just released Reels, its competitor to TikTok.

With a net worth in excess of $100 billion, that puts Zuckerberg on the same level as Jeff Bezos and Bill Gates.

Of course, his route to fame and fortune has been well-documented. Zuckerberg co-founded Facebook from his dorm room in 2004.

Photo Credit: Wikimedia Commons

Even years later, he still maintains a 13% stake in the company. That paid off big time recently when the company’s stock price surged by 6.5% after Reels launched on Instagram—another key part of Facebook’s assets.

Reels could turn into another revenue-generating machine given Donald Trump’s threat to ban TikTok. The Chinese-owned app has become very popular, especially with so many stuck at home during the COVID-19 pandemic.

Photo Credit: Pexels

Speaking of the pandemic, Facebook has acknowledged that its engagement numbers have increased with people staying in their homes and perusing the platform for entertainment.

In 2020 alone, Facebook shares have increased by nearly 30%. As a result, Zuckerberg’s added $22 million to his impressive fortune.

Sadly for Zuckerberg, that still puts him well behind Bezos.

Photo Credit: Wikimedia Commons

The richest man in the world gained more than $75 billion during that same span. But who’s really counting?

What is your favorite part of the Facebook platform? Do you plan on using Reels instead of TikTok?

Tell us in the comments!

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Jeff Bezos Just Gave $98.5 Million to Help the Homeless

Jeff Bezos is the man behind Amazon, and he’s also the richest person in the world (he and Bill Gates go back and forth). Now, he’s trying to do his part to help those who are less fortunate, specifically the homeless population of America.

Bezos recently donated $98.5 million to 32 organizations in 23 U.S. states to help out homeless families. The donations to the different organizations range from $1.25 million to $5 million.

The businessman started his Bezos Day One Fund in September 2018 and has pledged that he will give $2 billion to the fund. His charity is focused on two different areas: helping out organizations that feed homeless families, and helping to establish Montessori-inspired preschools across the United States.

In 2018, Bezos donated $97.5 million to 24 organizations fighting homeless in 16 states across the U.S.

Here is the full list of organizations across the country that received donations in 2019.

Bethany House Services, Cincinnati, OH • $1.25 million
Catholic Charities Eastern Washington, Spokane, WA • $5 million
Catholic Social Services Alaska, Anchorage, AK • $5 million
Coburn Place, Indianapolis, IN • $1.25 million
Connecticut Coalition to End Homelessness, Hartford, CT • $2.5 million
Covenant House, New York, NY • $5 million
Family Gateway, Dallas, TX • $2.75 million
FamilyAid Boston, Boston, MA • $5 million
ForKids, Norfolk, VA • $2.5 million
Goodwill Industries of Northern Michigan, Traverse City, MI • $1.25 million
Great Lakes Community Action Partnership, Fremont, OH • $1.25 million
Homeless Services Network of Central Florida, Orlando, FL • $5.25 million
HOPE Services Hawaii, Hilo, HI • $2.75 million
HopeWorks, Albuquerque, NM • $2.5 million
Interim Community Development Association, Seattle, WA • $2.5 million
Lafayette Transitional Housing Center, Lafayette, IN • $1.25 million
Mary’s Place Seattle, Seattle, WA • $5 million
MIFA, Memphis, TN • $5 million
Our Family Services, Tucson, AZ • $2.5 million
Pathways of Hope, Fullerton, CA • $2.5 million
St. Joseph Center, Venice, CA • $5 million
St. Joseph’s Villa, Richmond, VA $1.25 million
St. Stephen’s Human Services, Minneapolis, MN • $5 million
St. Vincent de Paul, Baltimore, MD • $5 million
The Road Home, Salt Lake City, UT • $5 million
The Road Home Dane County, Madison, WI • $1.25 million
The Whole Child, Whittier, CA • $5 million
UNITY Of Greater New Orleans, New Orleans, LA • $2.5 million
Upward Bound House, Santa Monica, CA • $1.25 million
Welcome House of Northern Kentucky, Covington, KY • $1.25 million
West Virginia Coalition to End Homelessness, Bridgeport, WV • $1.5 million
YWCA Columbus, Columbus, OH • $2.5 million

I’d say that’s a pretty generous move, wouldn’t you?

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Billionaire Pledges to Pay off Student Debt for Morehouse College’s ENTIRE 2019 Graduating Class

Graduating from college is an incredible milestone in anyone’s life, but it’s sadly often marred by a lot of anxiety about what comes next. The looming shadow of trying to repay a seemingly endless amount of student loans for years to come is especially daunting.

Thankfully, the 2019 graduating class of Morehouse College in Atlanta, Georgia, won’t have to worry about that – during his commencement speech at Morehouse, billionaire Robert F. Smith announced that he would be paying off ALL the student debt for Morehouse’s class of 2019!

Smith said during his speech, “On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus. This is my class, 2019. And my family is making a grant to eliminate their student loans.”

This guy’s reaction pretty much sums up the way everyone at the graduation felt about the news.

Take a look at the reaction from the graduating students.

A spokesperson for Smith said the billionaire is “thrilled to invest in these young people and their future.” Robert F. Smith made his fortune by founding a private equity firm called Vista Equity Partners that primarily buys and sells software firms. He graduated from Cornell and has a Master’s degree from Columbia.

Smith told the students, “You are responsible for building strong, safe places where our young brothers and sisters can grow with confidence. Watch and learn from positive role models, and believe that they too are entitled to the American dream.”

There’s no official confirmation of the size of Smith’s gift yet, but it’s believed to be in the neighborhood of $40 million.

What an incredibly generous gesture. Good luck, Class of 2019!

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Kirk Kerkorian, the richest…

Kirk Kerkorian, the richest person in Los Angeles, has dispensed more than $200 million and a school, and he has never allowed anything to be named in his honor. 00