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Alex Trebek
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“Crashes are a golden opportunity to make money because the US economy is still strong enough to bounce back.
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This is Alex Trebek, the longtime host of “Jeopardy!” died Sunday at the age of 80, opening up about his approach to money and investing in an interview with Reuters in 2017.
“I remember after the crash of 1987, I immediately started buying, and I ended up with a lot of stocks of companies like Coca-Cola KO,
”Trebek explained years before his cancer diagnosis. “I tend to protect what I have, rather than investing it for big profits.”
Before his death, he had a lot to protect.
Trebek is said to have won some $ 18 million per “Jeopardy!” season, which brought his total net worth to $ 75 million, according to the Celebrity Net Worth website.
The Midas touch he enjoyed in his show business career didn’t always translate into his personal life. He shared the unfortunate story of investing much of the currency in a friend’s cellar – one of the biggest financial mistakes he has ever made.
“Gradually the company needed more money, and the other partners weren’t stepping in, so I ended up being pretty much the only investor,” Canada-born Trebek told Reuters, became a US citizen in 1997. “In the end, I lost over $ 2 million and it destroyed a friendship. I think it was the only winery in California that didn’t make any money. But I must at least enjoy the wine.
And for over three decades, fans like “Jeopardy!” champion Ken Jennings, enjoyed Trebek.
“Alex wasn’t just the best at what he did”, he tweeted after Trebek’s death. “He was also a lovely and deeply decent man, and I’m grateful for every minute I was able to spend with him.
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