Let’s say she did get 20m.
There have to be lawyer fees taking a chunk of that. And depending on the actual lawsuit the settlement might even be taxable. So I think she netted less than that. But whatever.
If I had a family member who got 20M at that age, I’d be trying to explain to them that you have to make that money last a lifetime. Because it’s not like she has a career.
$50,000 on a watch and a large estate home might not seem like a big chunk out of 20M, but when someone buys those things they almost definitely have other reckless expenses also.
What’s wrong with buying some $400,000 house in some lowkey area and getting a $7,000 Omega? Do you really need a mansion and an Audemars?
I know some clown might tell me that she can invest in some stock or mutual fund and live comfortably. If it were that simple, we wouldn’t see all these athletes and celebrities go broke as often as they do. Managing money might look simple in theory but it’s often difficult in practice.
But people can help themselves a lot by keeping their luxuries in check.
