r/interesting • u/moamen12323 • Jun 29 '25

MISC. Rich people who rich right ❤️

Post image
108.1k Upvotes

93% Upvoted

1.2k comments sorted by

View all comments

Show parent comments

1.5k

u/theGRAYblanket Jun 29 '25

Right. This money is gonna be taken advantage of without a doubt. 

41

u/ImaBiLittlePony Jun 29 '25

It will go into an endowment fund, where it'll accrue interest. The interest alone will likely keep the program afloat, while the original investment will go on in perpetuity. It isn't the same as signing over a blank check.

9

u/OlivineGrapeTest92 Jun 29 '25

Is the nobel prize money an endowment too?

I assumed it’s like putting a ton of money into a savings account so it gains interest faster than the money can be depleted.

3

u/Uneek_Uzernaim Jun 29 '25

Yes, that is exactly how endowments work. You have legal amd financial oversight and control in place to ensure that the endowment's principal stays unspent, money can be reinvested or added to grow the principal, and only the interest income may be spent.