Well, this headline is a great summary of what these valuations mean: you are worth 3.2 billion on paper, but have only 0.05 billion. That's a 70x magnifying gl

Well, this headline is a great summary of what these valuations mean: you are worth 3.2 billion on paper, but have only 0.05 billion. That's a 70x magnifying glass for your wealth. To be a millionaire on paper, register a corp, ask a friend to invest 15k for 3% of the company, and you're officially worth a million. You'll still need a second job, though - rent isn't free.