Monday, June 27, 2011

How much money is enough?

There was an article in my local newspaper this week that the Winklevoss twins dropped their suit against Mark Zuckerberg.  They were suing for more money for their part in developing Facebook.  In 2008, when they first signed their settlement deal with Zuckerberg, it was worth $20 million in cash and $45 million in stock options.  Today, the stock is worth over $100 million.  Even with those figures, they still don’t think it’s enough money.  It’s my understanding that the Winklevoss twins come from an affluent background, are multimillionaires in their own right, never wanting for anything (except maybe ownership of Facebook), and already have enough money to do whatever they want to do in their lives without having to worry how they’ll pay their bills yet $20 million in cash and $45 million in stock wasn’t good enough.  They must have thought it was good enough at one point; they did sign the original settlement deal.

It’s not just the Winklevoss twins who have more than what they need and don’t think it’s enough.  Some years ago, the mother of one of Sean P. Diddy Combs’ children took him to court for an increase in child support.  She wanted more money, stating she couldn’t possibly raise the child on less than $35,000 (yep, that’s right $35,000) a month.  Don’t get me wrong, I’m a strong believer and supporter of child support, but not being able to support a child on less than $35,000 a month?  I know people who support their entire family on $35,000 a year or less.

So I ask, when does needing or wanting enough money to live without having to worry how you’re going to pay the next bill due change into no matter how much money I have, it’s not enough?  How much money is enough before it turns into just plain greed?

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