You cannot buy Rolex. Not because it's expensive — because there's nothing to buy. No shares, no float, no board to flip. It's owned outright by a foundation set up in 1945. That's what staying independent in luxury now costs! New video on the family that owns almost everything else.
To build his house, Bill Gates needed half a million board-feet of 500-year-old Douglas fir — and refused to cut old growth for it at the height of the spotted owl fight. No sawmill on earth could process salvaged timber at that scale, so he funded one into existence.
That's the part nobody talks about. Everyone remembers the clip-on sensor pins.
What's the most absurd thing you've heard a billionaire build from scratch? 👇
Lux Algorithm
On 1 May 2020 Elon Musk tweeted that he was selling almost all his physical possessions and would own no house.
The same day, he tweeted that Tesla's stock price was too high.
The stock dropped about 10%. Roughly $14 billion of market value gone in an afternoon — a few billion of it his own.
One sentence cost him, on paper, many times what the most expensive house in America has ever actually sold for. That's what $200 billion is made of.
1 day ago | [YT] | 0
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Lux Algorithm
You cannot buy Rolex. Not because it's expensive — because there's nothing to buy. No shares, no float, no board to flip. It's owned outright by a foundation set up in 1945. That's what staying independent in luxury now costs! New video on the family that owns almost everything else.
5 days ago | [YT] | 0
View 0 replies
Lux Algorithm
To build his house, Bill Gates needed half a million board-feet of 500-year-old Douglas fir — and refused to cut old growth for it at the height of the spotted owl fight. No sawmill on earth could process salvaged timber at that scale, so he funded one into existence.
That's the part nobody talks about. Everyone remembers the clip-on sensor pins.
What's the most absurd thing you've heard a billionaire build from scratch? 👇
1 week ago | [YT] | 0
View 0 replies