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Brian O’kelley for selling his $ 1.6 billion Appnexus AT&T, banks earned less than $ 100 million– and gave the rest to charity. The Gen X CEO says that billionaires with yachts and many estates are “unpleasant” and that maintaining the upper limit of his assets supports it reasonable, accountable and related to reality. “I don’t understand why you need $ 200 billion, $ 500 billion or even $ 1 billion,” says O’kelley exclusively Fate;
What would you do if you became a multimillionaire overnight? This is exactly what happened to Brian O’Kelley in 2018, when he sold his Ad-Tech Appnexus for AT&T for $ 1.6 billion.
Instead of buying a yacht or fleet of sports cars, O’kelley sat down with his wife because of what he calls a “really interesting conversation” about how much was enough – and everything else went to the reasons they care about.
“I don’t believe in billionaires. I think it’s just funny,” said the serial businessman exclusively Fate, Adding that he retained less than $ 100 million from its 10% shares after it was acquired.
“We just came up with a number that we think is enough money – so we can buy a house and the like – and then we doubled it and gave the rest.”
The 48-year-old is now building his third start-up-tie-chain exhaust data company called Scope3. However, he claims that you will never be able to join the billionaire club. “I will never be as rich. Even if Scope3 is extremely successful, we will give that money.”
O’Kelley’s decision to prevent her property is not only for generosity. “We never wanted to have enough money we didn’t have to choose. This means that we cannot be completely funny for our lives,” said Gen X CEO. “We have a wonderful life, we can do almost everything we want. But we can’t do it Everything We want – we have to talk about our budget, as everyone else does. ‘
“I don’t understand why you need $ 200 billion, $ 500 billion, or even $ 1 billion. The joy of appreciating what we have and making those difficult choices is really the basis.”
Part of Brian O’kelley’s philosophy is not wanting his children to be damaged. “I feel terrible because they start flying business,” he says, adding that he does the 6-foot 5 for comfort, but worry that his children have become accustomed to luxury life.
“I flew around the world so many times, so I ruined myself, but I don’t want to ruin my children,” adds O’keley. “And a lot of it comes back to me thinking about what life looks out of their eyes. I want them to have a bit of the fight I had.”