Son of China's richest man thinks two gold Apple Watches is enough for his dog


#1

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#2

Bad parenting [no question mark required].


A thread to catalog all the other threads
#3

rich and bored, i’m awesome!!!


#4

No different from anyone else who will wear one (gold or otherwise). Largely to send a message to those around you rather than for any functionality.


#5

Conspicuous waste harkens back the the Gatsby-era where the barons of industry would light cigars with $100 bills. It’s kind of contemptuous of humanity in my opinion

Of course I’m not totally innocent of this myself, I have this strange habit of buying three bananas that I never eat, toss out when they turn brown and then buy more. The hook just looks silly without anything hanging on it.


#6

This is why people have revolutions.


#7

Look at this conspicuous banana-waster. Just look at him.


#8

Maybe he wants to make sure he’s tracking his dog’s exercise?

How many steps should a Husky take each day?


#9

This is why I’m not worried about Picketty’s inherited wealth equation; one or two generations on and it’ll all be distributed back into the economy by spoiled kids, like it always has been …


#10

Next: “bathing” in a tub of gold watches.


#11

The dog has more sense than his owner.


#12

Hey, back off. He’s a job creator.


#13

“I don’t even know how to spend this much money!”


#14

Of course he got two gold Apple Watches for his dog. Three would be silly.


#15

Finally answering the question of “What idiot will pay $10k for a watch that will be unusable in 5 years?”


#16

He could wear the third one at the base of his tail so he could catch up on email while licking his own ass.


#17

Oh, many, many more than you would like your husky to take. They are, well, energetic.


#18

Now THAT’S living the dream!


#19

Do you somehow think Piketty never thought of this? One of his examples is that Paris Hilton’s fortune grew by the same percentage as Bill Gates’ over the past ~20 years. After a certain point, the capital takes on a life of its own.


#20

I calculated it.

In the one hour it took him to buy the two gold watches, his $34 billion dollars made over $260,000. (That’s assuming a very conservative 7% ROI per year.)

He could buy Apple watches for 10 of his dogs 24 hours a day 7 days a week and still not succeed in even shrinking his absurd wealth.

If his money is making (again, conservatively) $2 billion a year, then buying a $10,000 watch is equivalent to someone who makes $100,000 a year buying a 50 cent watch.

Would you look at someone with a good salary buying his dog two 50¢ watches and think they were likely to go bankrupt soon?

My point is, we don’t have a conception of how much money this is, and how it grows at a phenomenally faster rate than even the most absurdly-indulgent rich kid could possibly spend.