Youngest Self Made Billionairre?

[Scott Campbell]

Damn, this kid hit the jackpot.

http://www.forbes.com/lists/2008/10/billionaires08_Mark-Zuckerberg_I9UB.html

[Scott Campbell]

.......

[MadtownPacker]

I was reading an article last week (cant find it right now) about this guy and several other young millionaries. Very impressive. Makes me feel like a total loser. Did you see the hot chick this geek is with?

Partial - These guys are who you should want to be.

[Partial]

Hopefully someday. I've got a few ideas up my sleeve. If I were Mark Z, I'd have sold the site by now and gotten out. Seems like a pain in the rear and you've already got more money than you'll ever need.

[MJZiggy]

Maybe he likes it.

[MadtownPacker]

Seems like a pain in the rear and you've already got more money than you'll ever need.

With that attitude you will never make it. Thats like as drug dealer saying he wants to stop selling because too many people want his product.

[Zool]

I agree with P. Sites generally tend to come and go. If he can find someone to pay 1.5B for that site, sell it and start something else.

[3irty1]

Guys like this are wired differently. I'm not surprised he didn't sell. He's a super genius who is proud of his creation and wants it done his way.

[LL2]

I agree with P. Sites generally tend to come and go. If he can find someone to pay 1.5B for that site, sell it and start something else.

I agree with this. You have to evaluate if the site has reached it's potential. Mark Cuban got out at the right time, I think he sold Broadcast.com, and is now a billionaire for life. Zuckerman can still invest that 1.5 billion and make himeself infinitely wealthier. Say he invested that $1.5 B and average a 20% return a year his wealth would grow to $3,732,480,000 in 5 years. He would only be 28 years old. He could pass up Bill Gates and Warren Buffet before he's even 40 years old. Of course all of this is hypothetical, but still possible.

[MadtownPacker]

I agree with P.

Think carefully about what you are saying.

[Cheesehead Craig]

I agree with P. Sites generally tend to come and go. If he can find someone to pay 1.5B for that site, sell it and start something else.

I agree with this. You have to evaluate if the site has reached it's potential. Mark Cuban got out at the right time, I think he sold Broadcast.com, and is now a billionaire for life. Zuckerman can still invest that 1.5 billion and make himeself infinitely wealthier. Say he invested that $1.5 B and average a 20% return a year his wealth would grow to $3,732,480,000 in 5 years. He would only be 28 years old. He could pass up Bill Gates and Warren Buffet before he's even 40 years old. Of course all of this is hypothetical, but still possible.

He could then buy the Bucks, and we'd at least have a rich owner who has some passion and is still alive. I believe Herb died years ago and he is kept moving by a complex system of pullies and levers.

[Partial]

Guys like this are wired differently. I'm not surprised he didn't sell. He's a super genius who is proud of his creation and wants it done his way.

He won't feel that way in a year or two when its no longer the big thing and people are on the next FB. You gotta play the dollar when its hot. Get in, get off, get out. That my theory.

[Tyrone Bigguns]

[quote="Partial"]

Get in, get off, get out. That my theory.

Strangely, that works for women as well.

[3irty1]

Guys like this are wired differently. I'm not surprised he didn't sell. He's a super genius who is proud of his creation and wants it done his way.

He won't feel that way in a year or two when its no longer the big thing and people are on the next FB. You gotta play the dollar when its hot. Get in, get off, get out. That my theory.

Yeah but the guy has giraffe money. When I say that I mean he has enough money to inquire about the price of a giraffe. When you have virtually unlimited money, it might not be worth it to unload your baby for more.

[3irty1]

Get in, get off, get out. That my theory.

Strangely, that works for women as well.

fixed