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> 90% of their assets are tied up in stocks that they're not gonna sell soon. It is weird that this billionaire excuse flex didn't exist 5 or so years ago. So
by lamontcg 5y ago
> 90% of their assets are tied up in stocks that they're not gonna sell soon.
It is weird that this billionaire excuse flex didn't exist 5 or so years ago. Someone started pushing this meme really hard. And MacKenzie Scott's ability to liquidate $4B in a year shows that they really can do something with all those zeros if they want to and it won't single handedly crash the NYSE.
- leesalminen 5y agoMy brother-in-law believed that Bezos had $200B in a FDIC-insured bank account until recently. It seems like it’s in the interest of everyone to be financially literate in how the ultra-rich operate in order to form better thought out policy positions.