I don’t know what it is, but there is something about the guys who are billionaires that is very different from everyone else. To you and me, having $500 million is practically the same as being a billionaire. Even having $50 million or just $5 million is a lot of money to me and far more than anything I have. But here’s the thing, the guy with $500 million is just like the guy with $5 million and just like you and me, he will go to his grave scared that he’ll end up destitute in some filthy poorhouse at the mercy of a nurse-maid who hates life.
But not the billionaires. Yes, they care about their wealth, but they’re after something different at the point they have nine zeroes in the bank account. They’re oddly beyond money.
Of the ones I have met, they have been good men and shockingly frugal. They’re very interested in the interplay between ideas, people, and institutions. They’re looking for trends and rely on their gut instinct quite a bit. They have a small group they trust because they know that the vast majority of people around them, no matter all the nice things said, just want some of their money. They must be detached and insulated from the world, while still able to touch and feel it, they need to have their fingers in things just enough to get a sense of the trends and currents.
The most important thing you can be for a billionaire is honest. Flattery and awards work for other men, but the billionaire doesn’t need any of it. The rare gem for him is honesty.I'm trying to remember if I've ever met a billionaire. Perhaps not. Many extremely wealthy businessmen, but no one truly over the top in wealth in the way Foley is describing, what I think of as "Bill Gates money." I have at least worked with a number of wealthy guys who valued honesty more than flattery, and therefore were willing to put up with my egregious tactlessness, something I'd have done well to learn to control much earlier in life. I shudder to think of the number of enemies I made for no good reason and without even being entirely aware of it at the time.
On the other hand, a lot of people probably benefited from my honesty. I'm interested to see now whether it will play with local voters, who will have to be deeply concerned about opacity in local government in order to find it attractive in a candidate.