He spent 90% of his money on a mistake

1 Jan 2026 · 1 min
0:50

In this brief first‑person account, the speaker reveals that in 2015 he had $12 million in cash, which he moved entirely into liquid assets after getting married and searching for a forever home. He then purchased a vacant double lot in a gated Beverly Hills community for $10 million cash, describing the land as "just land" that instantly became a massive liability. He outlines the ongoing financial burden of property taxes, double homeowner’s fees, and continuous architect fees for design and development, calling the decision "absolutely ludicrous" and using the story to illustrate both the scale of his wealth at the time and how foolish he feels his 2015 purchase was.

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