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Louis CK: I am giving away half $1M Dollars from live show

Posted By Barry Ritholtz On December 22, 2011 @ 3:15 pm In Humor,Weekend | Comments Disabled

This is pretty cool:  Louis C. K. announced he was giving away [1] the lion’s share of the proceeds from his online only event,  Live at the Beacon Theater [2]

hi. So it’s been about 12 days since the thing started and yesterday we hit the crazy number. One million dollars. That’s a lot of money. Really too much money. I’ve never had a million dollars all of a sudden. and since we’re all sharing this experience and since it’s really your money, I wanted to let you know what I’m doing with it. People are paying attention to what’s going on with this thing. So I guess I want to set an example of what you can do if you all of a sudden have a million dollars that people just gave to you directly because you told jokes.

So I’m breaking the million into four pieces.

the first 250k is going to pay back what the special cost to produce and the website to build.

The second 250k is going back to my staff and the people who work for me on the special and on my show. I’m giving them a big fat bonus.

The third 280k is going to a few different charities. They are listed below in case you’d like to donate to them also. Some of these i learned about through friends, some were reccomended through twitter.

That leaves me with 220k for myself. Some of that will pay my rent and will care for my childen. The rest I will do terrible, horrible things with and none of that is any of your business. In any case, to me, 220k is enough out of a million.

I never viewed money as being “my money” I always saw it as “The money” It’s a resource. if it pools up around me then it needs to be flushed back out into the system.

The entire online venture is a disruptive upending — disintermediation — of the usual concert approach.

I saw him perform at Westbury not too long ago, and my sides hurt for three days . . .


PayPal at $1m!

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/12/louis-ck-i-am-gave-away-half-1m-dollars/

URLs in this post:

[1] giving away: https://buy.louisck.net/news

[2] Live at the Beacon Theater: https://buy.louisck.net/

[3] The Fistula Foundation: http://www.fistulafoundation.org/

[4] The Pablove Foundation: http://pablove.org/

[5] charity: water: http://charitywater.org/

[6] Kiva: http://kiva.org/

[7] Green Chimneys: http://www.greenchimneys.org/

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