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CEO Of $68 Billion Firm Quits So He Can ‘Sit At The Beach And Do Nothing’


CEO Of $68 Billion Firm Quits So He Can ‘Sit At The Beach And Do Nothing’

Early retirement is such a goal.

A lot of us were told to work hard and play hard. And some people prove that lifestyle by going through some truly lavish vacations after making big bucks at work. But sometimes, we just want to be like the CEO of Jupiter Fund Management and just “do nothing.”

Yep, Andrew Formica owns a $68 billion company and retired at the age 51.

Jupiter Fund Management

As a lot of people can see, 51 is considered a pretty “young” age to retire, but that was the Australian’s luxury. After working at the company since 2019, Formica found himself wanting to just enjoy the pretty beaches of New South Wales and relax.

“I just want to go sit at the beach and do nothing. I’m not thinking about anything else,” he told Bloomberg in an interview. He added a few personal reasons, including wanting to return back to Australia to be with his elderly parents.


At even more staggering wealth ownership is Elon Musk. He’s reportedly worth over $220 billion and might even be the first person to be a trillionaire.

The Tesla CEO’s ambition to send people to Mars might be one of the reasons that Tipalti Approve forecasted the billionaire’s assets would only grow exponentially within the next few years. This is mainly from the shocking 129% growth we saw in Musk’s fortune for the past five years. If this number remains the same, he might become a trillionaire in the next two years!

It further analyzed, “SpaceX generates massive incomes by charging governmental and commercial clients to send various things into space, including satellites, International Space Station supplies, and people.”

But at the same time, Musk doesn’t look like he’s looking to relax on a beach and do nothing anytime soon. The man has continued to work hard. But hey, both of them are probably living the dream right now!

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