Minecraft Creator Notch's $70 Million Mansion Recreated In Minecraft 170
theodp writes In case you've fallen behind on your TMZ reading, Minecraft creator Markus "Notch" Persson used his Microsoft money to outbid Beyonce and Jay Z for the most expensive mansion in Beverly Hills. Now, the Minecraft mogul's new $70 million mega-mansion has been recreated inside the game that made him rich.
just wait... (Score:3)
Jim: See? In another twenty-five years, you'll be able to shake their hands in broad daylight.
Waste (Score:2, Insightful)
23,000 square feet, with 15 bathrooms and eight bedrooms [aaroe.com]
It's his money to spend and I wouldn't stand in his way, but what a waste. Makes you wonder what kind of good could have been done or how many lives could have been saved with that $70 million.
Re:Waste (Score:5, Insightful)
Makes you wonder what kind of good could have been done or how many lives could have been saved with that $70 million.
It's not like he's throwing bills into a fire. That money goes back into the economy which is good for everybody, and its recipients are still free to spend it on whatever good deeds they want.
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The same argument got posted with Gates built his mega-mansion. People complained about it being a waste.
Apparently skilled tradesmen who build houses don't need jobs. Building things is, arguably, one of the better things you could do with money.
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While true, it would be less wasteful if these skilled tradesmen had built 140 $200k houses instead of 1 $70M house.
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The money goes into the economy, but the resources and labor to build the thing do not. Still, it's his money to spend once people give it to him. If you think there was a waste, then you should be upset about Microsoft for spending as much as they did to buy a somewhat polished, but still fairly shallow indie game. Assuming they do nothing with it other than pass the cost on to you through higher costs for windows licenses.
Re:Waste (teaching kids about the 'rich') (Score:2)
To teach my early teen kids about money, I offered them $20 apiece for each example they could list of how our "rich" neighbor could do something with his money that doesn't benefit me ( besides piling up his cash and burning it to death )
My son went first... "he could buy a million dollar car". (note: he actually drives a 2+ million dollar Veyron, but whatever)
Reply: "Nice try... But I'm a car salesman / builder / mechanic / own stock in GEICO insurance
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I can only afford a lambo. :( sad face
Re: Waste (teaching kids about the 'rich') (Score:5, Insightful)
Re: Waste (teaching kids about the 'rich') (Score:2)
Re: Waste (teaching kids about the 'rich') (Score:2)
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Notch's 70M goes to the current owner of the house. That guy, or someone before him, spent 70M building or rebuilding that house, and that money went to contractors...it's contractors all the way down.
It's vastly better than, say, buying art.
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receiving somewhat less than $70M is still generally much better than receiving all of $0.
That depends on how you define "somewhat less" as -70M is less than 70M
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...on second thought... no I wouldn't.
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Money not in a bank account ... (Score:2)
No it doesn't. People with that much money store it at the bank and the money just lies there. It doesn't make the economy work it just inflates somebody else' bank account.
It inflates the bank accounts of Apple, Google, Facebook, etc, and probably your state and local government too. Wealthy people generally don't put their money in a bank account and collect interest, they generally put it into some sort of investment portfolio where the money goes into stocks and bonds. Bonds would include both corporate and municipal bonds. Municipal bonds fund a lot of state and local infrastructure, and sadly boondoggle projects.
Wealthy people may also invest in real estate. Which is
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Spending money on a mansion is literally the opposite of storing it at the bank.
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People with that much money store it at the bank and the money just lies there.
Right. What's the interest rate of a bank account again? And even if they really do dump it in a bank, what does the bank do with that money again?
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Quite how many bathrooms do you need in a house that can sleep - I assume - eight pairs of people?
I'd have stopped at four at the most, surely. Even in the biggest of Christmas toilet-mishap contagion, you're not going to have a problem finding a free bathroom with four of them.
Because of the area I work in, I know that you could start at least 35 schools with that kind of money and if you did it right, with a bit of research, they could be self-sustaining private schools offering bursaries to kids who wou
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I've seen that one. They would be chewing each other in the bathtubs.
Notch should be sure to get an odd number of bisexual teenage girlfriends.
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We're looking for _good_ ideas, not still dumber things to do with the money.
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That $70 million didn't disappear. He paid it to whoever had that mansion. If that person who received the $70 million spends it on saving lives, you get what you wanted. The only difference would be the mansion is now Notch's instead of the previous owner's. But, I wouldn't bet on the previous owner going out and giving that $70 million cash to charity. Most likely, it's going into a hedge fund with high-growth investments.
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but again its his money, if he literally wanted to burn it all, thats his right
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I would not pay more than $50 million for it.
Re:Waste (Score:5, Interesting)
I wonder what kind of good could have been done, or how many lives could have been saved, with the thousands of dollars you've spent on a computer, a car, and a phone that you really don't need.
Or does your outrage only apply to rich people?
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Please don't try to make sense on the Internet. These people are just jealous.
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Three orders of magnitude less than the millions spent on this house.
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Or does your outrage only apply to rich people?
Oops, I think you tipped over your own straw man with that last remark.
There's no outrage in my post, and I think it's very telling that the examples you chose: a computer (which I use to earn a living), a car (which I use to get to stores to buy necessities), and a phone (really? [and it isn't even a smartphone]) actually are necessities for myself as well as the vast majority of people today.
Notch can literally eat his piles of cash for all I care. My point was simply that at some point you pass a level
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I somehow lost the last line of my reply.
[...] that doesn't mean everyone agrees that it's a good idea, or that there's not something more practically beneficial to spend it on.
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My outrage only applies to people richer than me.
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At a measly 1% rate of return, he'll make 25 million a year for life on the interest from that one-time paycheck. If he'd gotten $100M for Minecraft and just spent $70M of it on the mansion, I'd agree with you. But he got $2.5 billion. If he doesn't want to maintain the mansion, he can just give it away and buy another one every other year for the rest of his life and he'll be okay.*
I'm ignoring taxes and stuff. I have a headache.
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From what I recall, notch splits the 2.5 billion with 2 other people and his share is about 70%. I can't find a citation right now (grr) but pretty sure I read it back in september.
I was also happy to hear that he shared 3 million dollars with the 25 mojang employees. It is nice when a business owner that sales the business shares something with the employees who made the business a success.
From what the articles have said, part of the reason he sold was he couldn't take the stress and fan anger directed
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How much good? None... If he gave $70 million to charity, it would do no good. It really doesn't in the long run...
So you feed a bunch of starving children? Great, now they just grow up and have more kids, who also need to be fed. It is a self-reproducing problem.
Until people learn how to take care of themselves, giving them charity just makes the problem bigger, not smaller.
This is why we still have homeless people. Oh sure, some of them are homeless via no fault of their own, but most aren't.
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Your logic is... flawed. Well fed, educated children have fewer children than those that live in poverty. And the mentally ill account for a full third of the homeless. Add in those genuinely down on their luck and in need of a better safety net, and we'd be over half the homeless through no fault of their own.
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No, my logic is perfect, your heart is speaking, not your brain... Your feelings don't override the facts, as much as you might not want to hear it.
Whatever percentage it is, it doesn't matter. Even if it is only 10%, if you feed them, you just end up with more of them.
Look at the billions and billions and billions that have been sunk into Africa... still for the most part, a crappy sinkhole of money and poverty that isn't getting better. It will get better when they pull themselves up and actually star
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The African billions were spent on despots and corruption with very little trickle down effect.
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Right. And it's very difficult to have the money directed instead to the poor. I suppose you could send in an army to overthrow the despots and give money to the poor. Now you're in charge and responsible for running the whole place. Or you head home and leave a void, so that a new despot takes over.
Re: Waste (Score:1)
Actually, you're neglecting to note the other billions spent in Africa to destabilize local governments, support compliant dictators and allow the extraction of billions more in resources.
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Look at the billions and billions and billions that have been sunk into Africa... still for the most part, a crappy sinkhole of money and poverty that isn't getting better. It will get better when they pull themselves up and actually start improving their own lives.
Ah, the "pull yourself up by your bootstraps" myth. Who knows -- perhaps once the majority of Africans have overthrown brutal despots, eradicated malaria and other diseases, and found reliable clean water they'll be able to start working on that.
A crazy amount of money is given to charity every year, and yet the problem doesn't go away.
How much time, money, and effort did it take to build a prospering American country and society -- from a largely empty land brimming with natural resources? Oh, and, how much of that came from Europe? "Self-made", indeed.
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I would also write such reports if I had their agenda, which is to transfer wealth from wealthy nations to poor nations.
The world produces enough to feed everyone, yet nearly a billion people go hungry... just moving the food around won't solve it, but clearly you and many other people don't want to hear that.
That's ok...
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Okay, um, what WILL solve it?
Putting in place an environment in which people can feed themselves.
I'll grant you that some political systems or economic systems are not conducive to that, but no one wants to hear it because it doesn't fit into a 15 second soundbite.
The reality is that if you just feed people who already can't care for themselves, you just get more people who can't care for themselves.
Emergency situations do not apply, of course disaster relief is ok, people who are hit by major events such as the recent tsunami in Japan
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I stated facts, which you ignore. You also ignore the fact that the majority of humans have something called empathy, a natural instinct that keeps the species from destroying itself. While instinctual empathy tends to be limited to those around us, it does extend for some to those more distant that are suffering. That will keep those people fed and, yes, breeding. The only logical way to reduce that population growth, given the existence of empathy, is thus to bring those people out of poverty, and ple
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While I understand the thought behind your comment, the other option is to impale ourselves trying to save everyone, and in the process we'll doom everyone.
It was a nice idea when there were 1 billion people, now there are 7. What do you plan to do when there are 14? 50?
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You also can't send money or send technology. All of those things cause issues with exploitation. One of the few ways that have actually worked is making real demand for work in those areas.
Any artificial support creates exploitation, you
Its an investment ... (Score:2)
23,000 square feet, with 15 bathrooms and eight bedrooms [aaroe.com]
It's his money to spend and I wouldn't stand in his way, but what a waste.
Sometimes such a purchase is mostly an investment, albeit a comfy investment that you can live in. Its highly likely he is expecting a "greater fool" to come around and pay much more even after adjusting for inflation and the safe alternative of buying US treasury bills instead.
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It's his money to spend and I wouldn't stand in his way, but what a waste. Makes you wonder what kind of good could have been done or how many lives could have been saved with that $70 million.
Indeed. I'm sure you give all your excess money to charity rather than buy yourself a TV, DVDs, go to a restaurant or on vacation.
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Indeed. I'm sure you give all your excess money to charity rather than buy yourself a TV, DVDs, go to a restaurant or on vacation.
Interesting false equivalence. Ignoring the fact that I said nothing about how much money he should give to charity, do you really equate a $400 television and a few $12 DVDs to a $70,000,000 house?
Not a waste (Score:2)
Yo Dawg (Score:2)
I heard you liked Minecraft and Mansions...
I don't get it (Score:5, Insightful)
To anyone about to say real estate is an investment, go look at his electric bill, cleaning bill, and property taxes.
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Re:I don't get it (Score:4, Insightful)
75mil is how much of 2.5bil again? 3%. Much less than the 25% you are wasting.
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If he invests one billion in something with a measly 0,1% return, he'll still gain more money in a year than most salaried employees do. The money will replenish just fine, I think.
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Right. Because he is going to stash it under a mattress in his house, leading him to need a new, large house, for that said mattress, so he bought a large house for it, right?
Are you really that stupid to think that someone with $2.5 billion is not going to invest their money and get better returns than most of us would? Do you really think they will hide the money under the mattress so that it will only earn 0% interest?
Re:I don't get it (Score:4, Insightful)
"You can't drive your house around" - and here is where your ambition fails.
Several tens of large rocket engines, and sure you can.
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damn. I wish I hadn't commented so that I can +karma you!! :)
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Re:I don't get it (Score:5, Informative)
You are quite right. His remaining $2.43B are not nearly enough to cover living expenses now that he wasted almost 3% on a house.
I don't think he has quite that much (Score:2)
Sweden has some pretty hardcore taxes for the rich. Don't get me wrong, he's still a very monied guy (he made plenty before the sale as well) but it isn't like he got to keep all the cash. Sweden doubtless took their cut.
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Re:I don't get it (Score:4, Insightful)
... and property taxes.
Pretty much this for *alas* you unfortunately never really own your property but basically lease it from the government so people who come into a lot of money always go and get the biggest house they can afford but forget that they have to pay property taxes on that multi-million dollar mansion.
I do have to say though, in my opinion, that if you're going to invest your money somewhere the best place to put your money into is property, not multi-million dollar homes but acres upon acres, for land rarely ever loses value but usually appreciates value because of the limited supply whereas a swimming pool of cash just inflates and loses value.
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It's called chasing the American dream by keeping up with the Jones.
Big house? Check!
Big cars? Check!
Expensive clothing? Check!
Happy? Oh, hell no.
The sooner you stop chasing the American dream and start living a modest lifestyle, life becomes more rewarding.
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Assuming it is a moderately large slice of $2.5B.
To hit the top 1% of earnings in the UK, you need to be on ~150K.
This can be hit easily at 2% or so interest on a capital of 10M.
Arrange it properly in trusts so you can't ever touch it - and you're set for life - to a reasonable degree.
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It is the same fucktards who spend $100,000+ on a watch. Hell, even spending $10,000 on a Rolex are idiots -- Who knew the price of vanity was so high!
> To anyone about to say real estate is an investment, go look at his electric bill, cleaning bill, and property taxes.
Spot on!
If it costs you money it is a liability
If it makes you money, it is an investment.
People who buy watches over $5,000 only prove that they have more money then brains.
I don't know about you. (Score:2)
Re:I don't get it (Score:5, Insightful)
You are right on most things, however this put up a red flag for me:
"Then I'd spend the rest on awesome stuff."
Keep this in mind: Poor people spend their money on consumables. Middle income people spend their money on liabilities they think are assets. Rich people spend their money on assets that make them money.
Most "Awesome things", like cars, boats, electronics, etc, lose value pretty fast (Sorry if I'm putting words in your mouth, those were the first things that came to mind when I read "awesome stuff"). Eventually, you'll lose all your money. If I won 200 Million, I'd probably spend a tiny portion of it on buying nice houses for myself and my family, and use the rest to buy things like boring stock in boring companies. Boring, but secure companies that have been around for a hundred years and have offered dividends for decades.
Better, set up trusts (Score:2)
Once you have your perpetual senior developer-level salary set up, **then**
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Most "Awesome things", like cars, boats, electronics, etc, lose value pretty fast
The most awesome cars, bought at just the right time, will only appreciate. And now there are numerous shows which will help you identify those vehicles at the right time, and not afterwards, notably stuff we can all watch on Youtube these days. But yeah, those other things are just ways to bleed money.
I think the point, though, was that even at a pretty high burn rate, if you have big stupid money you can spend your whole life just spending your money on awesome things as long as you don't waste it on stuf
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Let's assume he earns 3% interest on his money. That's in the ballpark of realistic. Let's also assume (for the sake of argument) that he took out a 30 year mortgage on that $70M mansion, like those people you have a nickname for. That means he'll pay maybe $150M total for it over 30 years, or $417k per month.
He earns $6.25M per month on interest alone, so his house payment would be less than 7% of his income. (Let's say less than 15% taking into account electricity, cleaning, taxes, etc.) That doesn't
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Everyone's different. For some people owning a house is their hobby.
The catch is that it's a long-term investment, so you had better appreciate living in a big house, and not just enjoy the novelty for the first few months.
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OK, he can't buy a $70 million mansion (If he can find more of them.) every year.
I'm pretty sure he can.
2.5 billion minus 70 million is 2.43 billion.
Assuming a 0% return on his existing 2.43 billion, he can only buy mansions like this every year until he turns 70.
Assuming a 1% return on his existing 2.43 billion, he can only buy mansions like this every year until he turns 80.
If he can get 2%, he can keep it up until he's 100.
And I should care, (Score:3, Insightful)
why?
How do you know this isn't already the case? (Score:2)
And on that day, yes, we will learn that the world is a simulation running on Linux. So the year of the Linux desktop will be the year that we're all running Linux in a universe running on Linux.
The source is open, but you may need more advanced theory to understand how compilation works...
Location Location Location (Score:1)
Looks like he was mostly paying for location.
That's not special... (Score:2)
I'd have expected him to move to Lebanon, Missouri. Or- at a push- Plymouth, Florida.
Prefer a counterstrike map (Score:2)
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Old School(TM) Counterstrike had a map with a turd in the toilet [youtube.com]. Shoot the turd and the toilet explodes.
With Duke Nukem Forever, you could play with the turd [youtube.com] to earn an achievement.
Now get off my lawn!
Fashionable Fire Extinguishers? (Score:3)
Can someone tell me if I'm smoking crack or are there three separate fire extinguishers in this picture [1]? Why are there fire extinguishers in a bathroom?
The whole "open space car garage" seems way outlandish, and the use of glass is pretty atrocious, but the views and decor seem pretty awesome. I wonder if the cost to upkeep and maintain such a home might exceed my mortgage costs.
[1] http://images.prd.mris.com/ima... [mris.com]
Re:Fashionable Fire Extinguishers? (Score:4, Funny)
That's his iron fire extinguisher, gold fire extinguisher, and diamond fire extinguisher.
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Pretty certain the extinguishers are a sculpture.
I'd need another 10 million to make it fit. (Score:2)
What's astonishing with these rich people is that all this is insanely tasteles. Personally I'd have to invest roughly another 10 million to get all the crap removed. For instance: WTF are these fountains noisily piddling into the pool constantly and blocking the view?? Which architect had that brilliant idea? ... I'd fire the guy instantly. ...
Rich people: Lot's of money, no taste.
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Most places have an off switch for the fountains. It costs an extra $million, but these people can afford it. /jk, but you know what I mean. Sometimes you want to look at the view, and other times LA is covered in smog and the fountains look nice.
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Missed an opportunity for the new 1.8 particles (Score:2)
The water fountains could be done with the new particle effects.
It's a nice creative build.
Jay Z and Beyonce, eh? (Score:2)
I can just see them asking the seller "who the f--- is this Persson guy anyway?" OTOH, if they have kids of a certain age, they know.
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The 3% of his fortune that he spent on a house does seem like terrible money management.
Wait, what?!?
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You might be a troll, and that's fine...
But he is not an idiot, he spent about 3% of his wealth to buy a house. Most people spend FAR more than that to buy a FAR smaller house.
Who is the idiot?
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You're not the only one. If I was spending $70 million on a home, it'd look nothing like that. It'd probably be a good deal smaller, or if it was the same number of overall square feet, it'd probably be more subdivided. To me, a room for a given purpose has an optimal size. If the room is too small for that purpose, it's not going to work great, but also if the room is too big for that purpose, it will also not work great.
I'd probably focus less on strange decorations (some ornamental motorcycle? A wall of
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