this post was submitted on 28 Aug 2024
430 points (92.5% liked)

Uplifting News

11344 readers
8 users here now

Welcome to /c/UpliftingNews, a dedicated space where optimism and positivity converge to bring you the most heartening and inspiring stories from around the world. We strive to curate and share content that lights up your day, invigorates your spirit, and inspires you to spread positivity in your own way. This is a sanctuary for those seeking a break from the incessant negativity often found in today's news cycle. From acts of everyday kindness to large-scale philanthropic efforts, from individual achievements to community triumphs, we bring you news that gives hope, fosters empathy, and strengthens the belief in humanity's capacity for good.

Here in /c/UpliftingNews, we uphold the values of respect, empathy, and inclusivity, fostering a supportive and vibrant community. We encourage you to share your positive news, comment, engage in uplifting conversations, and find solace in the goodness that exists around us. We are more than a news-sharing platform; we are a community built on the power of positivity and the collective desire for a more hopeful world. Remember, your small acts of kindness can be someone else's big ray of hope. Be part of the positivity revolution; share, uplift, inspire!

founded 1 year ago
MODERATORS
WandererLagomorph770@lemmy.world
wolfeh@lemmy.world
430
Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions (finance.yahoo.com)
submitted 2 months ago by return2ozma@lemmy.world to c/upliftingnews@lemmy.world
82 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Coelacanth@feddit.nu 243 points 2 months ago (4 children)

(...) Foley was once worth $1.9 billion, according to Bloomberg, but left the company with a net worth of $225 million.

(...)

The ex-Peloton chief was forced to downsize twice—including selling a $55 million East Hampton waterfront home and uprooting his family.

Though Foley has lost much of his fortune, the ordeal has not extinguished his ambition. Within a year of resigning from the top job at Peloton, he had raised $25 million for his new venture, a direct-to-consumer rug company called Ernesta.

You know, my heart is not exactly bleeding for the guy. Nobody should even have a $55 million residence in the first place, fucking hell. Also, being left with only $225 million is hardly losing all your money, is it?

[–] NewNewAccount@lemmy.world 105 points 2 months ago

$225m only generates an extremely conservative $9m year in interest. I know I couldn’t live off such a pittance. Please have sympathy for this poor man.

[–] TheTechnician27@lemmy.world 98 points 2 months ago

"No member of my family through to my great grandchildren will need to work a day in their lives; I'm ruined."

[–] Kecessa@sh.itjust.works 15 points 2 months ago* (last edited 2 months ago)

Nobody should have 55m no matter what makes them worth that much