This is very interesting. Even with all this info, can we really know if he is making millions or losing millions?
The very simple and basic principle in life to building wealth is: making more than you spend or saving more than you spend.
Basically, what comes in should be more than what goes out (either physically or assets/value wise).
So whether you make 1 billion or just $100 bucks, doesn't matter. The principle still applies, although the quality may differ.
You make 1 billion and spend 2, you're in debt, big trouble, SOL etc.
You make $100 and spend $1000, same thing.
It seems to me that there should be no reason why this man couldn't be rich and remain rich. But like most humans, we end up being greedy and overspend. Our lifestyle exceeds our ability to maintain it. We live beyond our means.
If this guy could just be a little wiser, he'd be golden. I'm assuming he still makes millions but he's spending millions just throwing it away with his hedonistic lifestyle. Who knows?