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Minecraft Creator Notch's $70 Million Mansion Recreated In Minecraft

theodp writes In case you've fallen behind on your TMZ reading, Minecraft creator Markus "Notch" Persson used his Microsoft money to outbid Beyonce and Jay Z for the most expensive mansion in Beverly Hills. Now, the Minecraft mogul's new $70 million mega-mansion has been recreated inside the game that made him rich.

27 of 170 comments (clear)

  1. just wait... by alphatel · · Score: 2

    Bart: I'm rapidly becoming a big underground success in this town.
    Jim: See? In another twenty-five years, you'll be able to shake their hands in broad daylight.

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  2. Re:Waste by PhrostyMcByte · · Score: 4, Insightful

    Makes you wonder what kind of good could have been done or how many lives could have been saved with that $70 million.

    It's not like he's throwing bills into a fire. That money goes back into the economy which is good for everybody, and its recipients are still free to spend it on whatever good deeds they want.

  3. I don't get it by slashmydots · · Score: 5, Insightful

    After 8 years of onsite computer repairs, I have a deep insight into this sort of thing. At my company we have a nickname for people who make $10,000 a month and have $5,000 of it go to their 5000 sq ft mansion. They're "poor people living in a big house." Why the hell do people spend that much money on a house? If I won $200,000,000 in the powerball, I'd buy a 3000 sq ft house. Then I'd spend the rest on awesome stuff. Who the hell wants a giant house like that? Plus, that's how NFL players keep going broke. You know if you make it to the NFL or make Minecraft that you're making a ton of money ONCE. Like one and done, surprise you're poor. I'd hoard that money like crazy and budget it out over 100 years. What and idiot.

    To anyone about to say real estate is an investment, go look at his electric bill, cleaning bill, and property taxes.

    1. Re:I don't get it by Kidbro · · Score: 4, Informative

      You are quite right. His remaining $2.43B are not nearly enough to cover living expenses now that he wasted almost 3% on a house.

    2. Re:I don't get it by ProzacPatient · · Score: 3, Insightful

      ... and property taxes.

      Pretty much this for *alas* you unfortunately never really own your property but basically lease it from the government so people who come into a lot of money always go and get the biggest house they can afford but forget that they have to pay property taxes on that multi-million dollar mansion.

      I do have to say though, in my opinion, that if you're going to invest your money somewhere the best place to put your money into is property, not multi-million dollar homes but acres upon acres, for land rarely ever loses value but usually appreciates value because of the limited supply whereas a swimming pool of cash just inflates and loses value.

    3. Re:I don't get it by queazocotal · · Score: 3, Insightful

      "You can't drive your house around" - and here is where your ambition fails.
      Several tens of large rocket engines, and sure you can.

    4. Re:I don't get it by Andrio · · Score: 4, Insightful

      You are right on most things, however this put up a red flag for me:

      "Then I'd spend the rest on awesome stuff."

      Keep this in mind: Poor people spend their money on consumables. Middle income people spend their money on liabilities they think are assets. Rich people spend their money on assets that make them money.

      Most "Awesome things", like cars, boats, electronics, etc, lose value pretty fast (Sorry if I'm putting words in your mouth, those were the first things that came to mind when I read "awesome stuff"). Eventually, you'll lose all your money. If I won 200 Million, I'd probably spend a tiny portion of it on buying nice houses for myself and my family, and use the rest to buy things like boring stock in boring companies. Boring, but secure companies that have been around for a hundred years and have offered dividends for decades.

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    5. Re:I don't get it by SydShamino · · Score: 2

      Let's assume he earns 3% interest on his money. That's in the ballpark of realistic. Let's also assume (for the sake of argument) that he took out a 30 year mortgage on that $70M mansion, like those people you have a nickname for. That means he'll pay maybe $150M total for it over 30 years, or $417k per month.

      He earns $6.25M per month on interest alone, so his house payment would be less than 7% of his income. (Let's say less than 15% taking into account electricity, cleaning, taxes, etc.) That doesn't make him anywhere close to the 50% rate you cite for "poor people living in a big house". And that makes him pretty smart - not and idiot.

      --
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    6. Re:I don't get it by upuv · · Score: 2

      Do you have any concept of how much 2.5 billion is? The average person in the United States will make a grand total of $3.4 million in just one life time. That's 735 lifetimes of money. All upfront. 1% interest on $2.5 billion is $25,000,000. This guy makes more on 1% interest in a year than the average person makes working in 7 lifetimes. That's 1%. Do you know how hard it is to only make 1% interest. Banks are going to borrow from this guy. He he were to covert this into 1 dollar bills and stack them in a single pile. The pile would be: 895000 feet 169.5 miles. This guy could achieve low earth orbit by simple stacking money and standing on it. NFL players make on average 1.9 million. This make Mr. Minecraft equal to 24 NFL pro teams. Yep this guy makes as much a 2/3 of the entire league. Sorry he made that in one pay day. What exactly is there to horde? This guy isn't an idiot. He's stupidly rich. Like Richie Rich rich. $70,000,000 our of $2,500,000,000 is still $2,430,000,000. That's multiple billions here still. Most countries if they had 2.5 billion could pay off the entire countries debt. If you think this guy is still an idiot I suggest you look in a mirror first.

    7. Re:I don't get it by the_B0fh · · Score: 3, Insightful

      75mil is how much of 2.5bil again? 3%. Much less than the 25% you are wasting.

    8. Re:I don't get it by reikae · · Score: 2

      If he invests one billion in something with a measly 0,1% return, he'll still gain more money in a year than most salaried employees do. The money will replenish just fine, I think.

  4. And I should care, by fredrated · · Score: 2, Insightful

    why?

  5. Re:Waste by mythosaz · · Score: 2

    The same argument got posted with Gates built his mega-mansion. People complained about it being a waste.

    Apparently skilled tradesmen who build houses don't need jobs. Building things is, arguably, one of the better things you could do with money.

  6. Re:Waste by Ralph+Wiggam · · Score: 4, Interesting

    I wonder what kind of good could have been done, or how many lives could have been saved, with the thousands of dollars you've spent on a computer, a car, and a phone that you really don't need.

    Or does your outrage only apply to rich people?

  7. Re:Sell Out. by mythosaz · · Score: 2

    The 3% of his fortune that he spent on a house does seem like terrible money management.

    Wait, what?!?

  8. Fashionable Fire Extinguishers? by rsborg · · Score: 2

    Can someone tell me if I'm smoking crack or are there three separate fire extinguishers in this picture [1]? Why are there fire extinguishers in a bathroom?

    The whole "open space car garage" seems way outlandish, and the use of glass is pretty atrocious, but the views and decor seem pretty awesome. I wonder if the cost to upkeep and maintain such a home might exceed my mortgage costs.

    [1] http://images.prd.mris.com/ima...

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    1. Re:Fashionable Fire Extinguishers? by steelfood · · Score: 3, Funny

      That's his iron fire extinguisher, gold fire extinguisher, and diamond fire extinguisher.

      --
      "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."
  9. Re:Waste by zippthorne · · Score: 2

    The money goes into the economy, but the resources and labor to build the thing do not. Still, it's his money to spend once people give it to him. If you think there was a waste, then you should be upset about Microsoft for spending as much as they did to buy a somewhat polished, but still fairly shallow indie game. Assuming they do nothing with it other than pass the cost on to you through higher costs for windows licenses.

    --
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  10. Re:Waste by the_B0fh · · Score: 2

    The African billions were spent on despots and corruption with very little trickle down effect.

  11. Re:Waste by Bing+Tsher+E · · Score: 2

    Right. And it's very difficult to have the money directed instead to the poor. I suppose you could send in an army to overthrow the despots and give money to the poor. Now you're in charge and responsible for running the whole place. Or you head home and leave a void, so that a new despot takes over.

  12. Re:Waste by FlyHelicopters · · Score: 2

    While I understand the thought behind your comment, the other option is to impale ourselves trying to save everyone, and in the process we'll doom everyone.

    It was a nice idea when there were 1 billion people, now there are 7. What do you plan to do when there are 14? 50?

  13. Re:Waste (teaching kids about the 'rich') by willworkforbeer · · Score: 2

    I'll get modded into the ground, but whatever.

    To teach my early teen kids about money, I offered them $20 apiece for each example they could list of how our "rich" neighbor could do something with his money that doesn't benefit me ( besides piling up his cash and burning it to death )

    My son went first... "he could buy a million dollar car". (note: he actually drives a 2+ million dollar Veyron, but whatever)
    Reply: "Nice try... But I'm a car salesman / builder / mechanic / own stock in GEICO insurance / sell gasoline & car parts / etc... He helped me even if he didn't intend to."

    Daughter: "He could put it all in a bank account."
    Reply : "Smart girl, but I'm a banker, that guy was super helpful opening up that account, since we need reserve deposits... if he had picked a stock market account that would also be great, my company sells stock to investors so we can expand and build more widgets, and we issue bonds for the same reason..."

    In fact, I made it "easier" for the kids... assume that guy is a hateful jerk... now just list what he could do with his money to prevent anyone else from benefitting. What move can he make with his earnings that would benefit no one but himself ?

    Anybody here want to guess how much I paid out? right... and thankfully my kids have not learned jealousy of other people's legal gains.

    The end of the lesson was this:

    The origin of "greed" is rooted in the concept of lusting for what you haven't earned. In context, it's similar to 'coveting'.
    It's not evil to want to earn more by serving as many people as you can honestly.


    And while we reserve the right to snicker at people who buy solid gold cell phone cases, we don't fall into the trap of greedily wanting to decide if they deserve it (after all, someone willingly traded it for their services) or if they are using their own money as we would. If they're bad stewards, they won't have it long, and in the meantime they can't help but serve others with that money, no matter what they do with it.

    (That Veyron driving neighbor sells rap music, a lot of rap music I suppose... but it's a legal living)

    --
    Pretending this is my office full of bitter coworkers..
  14. I don't know about you. by publiclurker · · Score: 2

    But I prefer to deal with people that don't waste money of flashy displays of financial mis-management.

  15. Re:Waste by Bengie · · Score: 2

    There's many chicken and egg issues going on in Africa. Send food, and the incoming food becomes like money and manages to help fund local war lords. This actually happens. Sending food causes people with guns to start to show up and find a way to exploit the situation.

    You also can't send money or send technology. All of those things cause issues with exploitation. One of the few ways that have actually worked is making real demand for work in those areas.

    Any artificial support creates exploitation, you need real demand for real work. This is hard to do in areas of under fed people with no education and no real government. Intel has started sourcing their rare minerals from some of these poor areas. They painstakingly make sure trace all of their mineral sources to make sure they're not "blood minerals". This makes it very hard to exploit. The gun men stay away because once they move it, the operation loses all value because Intel refuses to trade with them.

    Stuff like this has helped a lot. I'm sure there are other ways, but throwing money/food/etc at an issue actually makes it worse. Temporary help is one thing, but for sustaining issues, it does not help.

  16. Re:Waste by nmb3000 · · Score: 2

    Or does your outrage only apply to rich people?

    Oops, I think you tipped over your own straw man with that last remark.

    There's no outrage in my post, and I think it's very telling that the examples you chose: a computer (which I use to earn a living), a car (which I use to get to stores to buy necessities), and a phone (really? [and it isn't even a smartphone]) actually are necessities for myself as well as the vast majority of people today.

    Notch can literally eat his piles of cash for all I care. My point was simply that at some point you pass a level of wanton extravagance that you venture into a realm of wasteful absurdity. Our culture won't punish you for buying a $250,000 cell phone case, but that doesn't mean everyone agrees that it's a good idea.

    --
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    /)
  17. Re:Waste by nmb3000 · · Score: 2

    Look at the billions and billions and billions that have been sunk into Africa... still for the most part, a crappy sinkhole of money and poverty that isn't getting better. It will get better when they pull themselves up and actually start improving their own lives.

    Ah, the "pull yourself up by your bootstraps" myth. Who knows -- perhaps once the majority of Africans have overthrown brutal despots, eradicated malaria and other diseases, and found reliable clean water they'll be able to start working on that.

    A crazy amount of money is given to charity every year, and yet the problem doesn't go away.

    How much time, money, and effort did it take to build a prospering American country and society -- from a largely empty land brimming with natural resources? Oh, and, how much of that came from Europe? "Self-made", indeed.

    --
    "What do you despise? By this are you truly known." --Princess Irulan, Manual of Muad'Dib
    /)
  18. Re: Waste (teaching kids about the 'rich') by O('_')O_Bush · · Score: 4, Insightful

    The fault is that your argument builds a straw man that the wealthy do *no* good by holding/using wealth, but that isn't the argument. The argument is that they do relatively little with that wealth. One two million dollar car churns the economy, as in, provides jobs, taxes through fees, etc, much less than one hundred 20 thousand dollar cars. A similar thing could be said of a house. A 70 million dollar house doesn't generate 100x the economic activity of 100x 700k dollar houses. Partly this is because many "premium" materials don't generate more economic activity than less premium materials at a fraction of the cost...but the increase in cost is due to rarity and desirability only. Another part is that high priced items tend to require a one team work longer rather than more teams work, concentrating the transfer of wealth rather than spreading it out over broad actors who can trickle wealth down much faster and efficiently than a few who have a large share of it. The idea of "trickle down" is valid, it does happen, but it is more like accidentally watering some plants from a leak in water tank rather than watering a field with irrigation. And when your goal is to grow a crop like an economy, relying on minimal rainfall and tank leaks just isn't a productive way to go about it, as our Norse neighbors have shown.

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