I stumbled on to this article about Greg Lasrado. He started an internet porn business when he was young and in college. At one point he had 100,000 people worldwide paying a monthly fee to access the porn sites he ran. He bought houses, many nice cars, traveled all over the world and even held $100,000 parties in Las Vegas. He was on top of the world.
He now lives in his parent’s house and has absolutely nothing. Somehow he managed to burn through over $60 million. As I read through the article, it became pretty darned obvious how someone can burn through that much money.
Anyway, it’s well worth reading:
http://www.aol.com.au/lifestyle/story/the-rise-and-fall-of-a-porn-king/459771/index.html