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And this matters because?? I've heard Larry Ellison is the most illiquid billionaire, as he finances everything with loans against his massive equity in Oracle.

by Aetius 16y ago

And this matters because?? I've heard Larry Ellison is the most illiquid billionaire, as he finances everything with loans against his massive equity in Oracle. He's still in the top 5 richest people. Zuckerberg is no different.

SamReidHughes 16y ago
Larry Ellison is also more liquid than Zuckerberg.
ojbyrne 16y ago
Oracle has 25 years of cash flow to finance against. I suspect he gets good terms.
quizbiz 16y ago
How exactly does one finance everything with loans against equity? What does that mean? How does he pay back the loans? With shares?
- borism 16y ago
  wow, borrowing against stock, how risky is that (for both him and his shareholders)? apparently he has been sued about it http://articles.sfgate.com/2006-01-31/news/17279373_1_oracle-stock-larry-ellison-shareholder-lawsuit http://articles.sfgate.com/2006-01-31/news/17279373_1_oracle...
  - arethuza 16y ago
    Might be risky for him - I don't see why it's much of a risk for Oracle shareholders.
  - shasta 16y ago
    The way I read your link, he was sued for something else, and this practice came to light during discovery.