When You're Rich, Successful… And Depressed
Prestige Singapore|August 2018

Having a fat bank account, an overachieving career or a billion-dollar business empire doesn’t automatically exempt you from depression, learns Pearlyn Tham

 

Pearlyn Tham
When You're Rich, Successful… And Depressed

When minecraft inventor Markus Persson sold his online gaming company to software giant Microsoft for US$2.5billion, the deal should have made him a very happy man.

He bought a multi-million-dollar Beverly Hills mansion with a 16-car garage, partied with A-list celebrities like Selena Gomez, and installed a giant wall of Willy Wonka-esque candy dispensers at home.

But the newly minted Swedish billionaire soon fell into a funk, tweeting in 2015: “Hanging out in Ibiza with a bunch of friends and partying with famous people, able to do whatever I want, and I’ve never felt more isolated”.

Sounds like a #firstworldfirstclassproblem that only self-made tech tycoons face? Persson isn’t the only entrepreneur for whom (sudden) wealth and success have proven to be a double-edged sword.

In a CNN article, psychiatrist Dr Michael Freeman said he once conducted a study in which nearly half the entrepreneurs admitted they encountered mental health issues — sometimes dubbed “founder’s blues” — at some stage in their careers. He thinks this could be due to their having the same personality traits — such as creativity and an appetite for risk — that are commonly associated with mental health conditions like depression and bipolar disorder.

This story is from the August 2018 edition of Prestige Singapore.

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This story is from the August 2018 edition of Prestige Singapore.

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