Interview · moment 28 of 31
Old European Money and the Billionaire Ice Cream Story
from Andrew Schulz | The Tim Dillon Show #307 · #307
5 min
Guest
Tim tells a story about laughing uncontrollably at a friend's boss making a billion dollars in a single year, launching into admiration for old, eccentric, insulated wealthy families and their secret feuds.
- Tim discusses old white money and Nantucket as appealing to a certain sensibility.
- Old European wealth operates at a different level than old American money.
- Tim laughs at a billionaire who earned his first billion dollars just last year while eating ice cream in Montauk.
- Wealthy old families shaped by nepotism, feuds, secrets, and infighting exert considerable influence over the world.
- The Knicks' board has five Dolans on it while the team hasn't won since the 1970s, suggesting nepotism destroys competence.
- The mafia exists because nepotism creates idiots, requiring violence instead of legitimate business practices.
- Tim expresses actual admiration for families that manage to hold wealth and power together across centuries.
- The Kennedys are now broke—most of them own only a name, not an actual institution.
James DolanNew York KnicksnepotismKennedy familyDave PortnoyMedici family