This is how you get back at your boss for looking over you as a partner:
- Leave the company
- Start a hedge fund that generates about $20bn in assets
- Wait till your boss divorces
- Buy what was his summer home from his now ex-wife
- Demolish said summer home
- Tell the world there’s a little bit of justice in an interview where you share renovation plans
- Re-build a mansion twice the size over the span of five years
This is pretty much what hedge fund billionaire David Tepper did after he was looked over as partner by Jon Corzine, then CEO of Goldman Sachs. David bought the oceanfront summer mansion in Sagaponack, New York, in 2010 from Jon Corzine’s ex-wife for $43.5 million.
David tore down the mansion the following summer, only to reveal plans of a mansion twice the size. After being looked over as a partner, David left to set up the hedge fund Appaloosa, which now has about $20 billion in assets under management.
Check out the evolution of the mansion:
But you know, if you’re unable start a hedge fund at the moment due to, umm, reasons, you can always give a go at playing tomorrow’s Powerball lottery draw, there’s R3,2 billion on offer there. How you make up the rest is up to you, we won’t ask any questions.
[source: businessinsider]
