Billionaires are prepping Doomsday bunkers
When the apocalypse hits, tech billionaires plan to stay put.
Alarming enough, a rather strange hobby that has grown increasingly popular amongst Silicon Valley elites is Doomsday preparation.
Reddit CEO and co-founder Steve Huffman, 33, is one of many wealthy names who have begun to invest in private bunkers.
Huffman is less concerned about specific threats such as an earthquake nearby his San Fransciso home or an atomic bomb than he is about the aftermath of such catastrophes, "the temporary collapse of our government and structures," he told the New Yorker.
"I own a couple of motorcycles. I have a bunch of guns and ammo. Food. I figure that, with that, I can hole up in my house for some amount of time," Huffman continued.
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Survivalism -- the practice of preparing for emergencies, such as possible disruptions in the political,social or natural order -- typically evokes the visual of a disheveled man with a long beard in the woods. But recently, the movement has expanded to affluent regions into the homes of hedge-fund managers and top executives of tech companies like Huffman.
Reid Hoffman, co-founder of Linkedin, accredits the growing number of tech-made billionaire's adhering to the "prepper" movement to the fear that so many jobs will be displaced by artificial intelligence people will revolt against the faces behind technology.
With more tech billionaires joining others like Huffman in prepping homes to survive Armageddon, Hoffman predicts that at least "50-plus percent" of others will have a home to eventually escape to.
Hoffman went further to express his distaste with this trending phenomenon and feels that the instinct to hide is an approach to the future that may see more harm than good.
"It's one of the few things about Silicon Valley that I actively dislike — the sense that we are superior giants who move the needle and, even if it's our own failure, must be spared," founder of PayPal Max Levchin told the New Yorker.