Dec 15, 2020
Tony Hsieh was the former CEO of Zappos, which Amazon bought for $1.2 billion. With a net worth reported at over $700 million, Tony appeared to have everything anyone could want. However, Tony suffered from severe addiction that pulled him down into a spiral of substance abuse, bizarre behavior, and his eventual death. During the Covid lockdown, Tony bought over $50 million worth of houses in Park City, UT and actually paid his friends to come live near him and “be happy.” He died from injuries sustained in a house fire where he was locked in a shed.
Angel Au-Yeung and David Jeans wrote the Forbes feature article, Tony Hsieh’s American Tragedy which details both Tony’s extraordinary accomplishments and his tragic demise. Dr. Drew Pinsky joins after Angel and David to discuss the correlation between wealth and addiction.
Angel Au-Yeung writes about billionaires at Forbes. David Jeans, also a Forbes staff reporter, covers the technology industry. His work appears regularly in the New York Times. Dr. Drew Pinsky is an internist, addiction specialist, and popular broadcaster.
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Produced and edited by Mike Carano
About Crazy Money: Unlike traditional personal finance shows, Crazy Money is not about how to make a million bucks, how to beat the market, or how to save money by switching cable providers. It is about deciding what role we want money to play in our lives and how we can use it to be our best selves. Topics covered include: Philosophy, Happiness, Contentment, Meaning, dreams, purpose, Success, Rat Race, Society, mental health, Buddhism, Stoicism, the hedonic treadmill, morality, Mid-Life Crisis, Business, Work, Careers, Authors, Books, Consumerism, Values, capitalism, economics, investing, saving, spending, personal finance, charity, philanthropy, altruism, affluence, wealth, wealth management, culture, society. Status.