The 51-year-old who has achieved a lot in his life as a CEO of a successful firm has decided to step down from his position to enjoy the ultimate dream of sitting on the beach and doing nothing. In an interview with Bloomberg, Andrew Formica said: "I just want to go sit at the beach and do nothing. I'm not thinking about anything else."
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This Australian billionaire is not letting his success get to his head and wants to just relax and enjoy the beach waves.
Well, this is exactly why we are jealous of Jupiter Fund Management CEO Andrew Formica, who has achieved this very life goal.
Formica is a high-achieving executive who has decided to start spending time with his aging parents, amongst other general personal reasons.
The 51-year-old is reportedly 'young' to be retiring, but he's achieved much in his career, including taking the asset management organization to be valued at a cool $68 billion (£55.3 billion).
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In an interview with Bloomberg, 51-year-old Formica said: "I just want to go sit at the beach and do nothing. I'm not thinking about anything else."
Formica's success is amazing and he has achieved amazing success as the CEO of the $68 billion firm, global entrepreneur and World's Richest Man Elon Musk is reportedly worth $225.3 billion, and Facebook/Meta boss Mark Zuckerberg is reported to be worth $57.9 billion.
Elon Musk is set to become the world's first and founding member of the trillionaire's club. Yes, that's right - a trillionaire.
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Tipalti Approve has a forecast that Musk is very well on his way to achieving trillionaire status by 2024.
Using historical data provided by Forbes provided historical data, it predicts with time Musk's fortune is only going to skyrocket upward.
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"The world’s richest person, Elon Musk, has an estimated net worth of $263 billion (AU $377 billion, £215 billion), as of January 19 2021, according to Forbes," Approve's report reads.
"Since 2017, Musk’s fortune has shown an annual average increase of 129 percent, which could potentially see him enter the trillion dollar club in just two short years, achieving a net worth of $1.38 trillion (AU $1.98 billion, £1.13 trillion) by 2024 at age 52."
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Approve's report also states how Musk has been making millions and has earned huge wealth, noting how he sank the funds from his sale of PayPal into Tesla and his spacecraft engineering company, SpaceX.
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"SpaceX generates massive incomes by charging governmental and commercial clients to send various things into space, including satellites, International Space Station supplies, and people," Approve said.
But it seems like Musk is far from achieving that goal of swanning off into the sunset. Congratulations Formica, you have achieved the ultimate dream of just sitting on a beach and doing nothing is the dream.
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