Bloomberg.…How do you sell the technology company you founded for $1.8 billion and five years later file for personal bankruptcy? For Halsey Minor, it may have been a fascination with houses, hotels, horses and art.
Minor, 47, who sold CNET Networks Inc. (3549162Q) to CBS Corp. (CBS) in 2008, says he owes as much as $100 million and only has, at most, $50 million to pay his debts thanks to bad bets on real estate and other ventures that took him out of what he calls his technology comfort zone.
This is a somewhat salutory tale of the tenuous nature of wealth if your head is not screwed on correctly.
Not only investment clueless but morally clueless too