Agreed. Pointing out that less than 10% of that $6.3 mil was actually left over after meeting the minimum demands of the business would have laid the foundation for a powerful argument.
He put his foot in it by “poor-mouthing” as we say back home. Now his remarks will be twisted to imply that he spends $16k a month on food* and is whining about it.
*Though he specified “food”, saying that he would only have $400k left to invest back in the business would actually imply that all of his family expenses - mortgage, utilities, savings, etc. - would total $200k.