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Nope you’re not the only lunatic. Add to that the fact that most billionaires don’t “have” wealth the way we think of wealth. In that, most of it isn’t in some
by atonse 4y ago
Nope you’re not the only lunatic. Add to that the fact that most billionaires don’t “have” wealth the way we think of wealth.
In that, most of it isn’t in some bank account sitting there waiting to be used. What they’re more likely to have truly liquid is probably on the order of many (MANY) millions.
It’s the value of stuff they have like stocks. Yes they can borrow money against those assets but it is never just “why can’t Bezos just do an ACH transfer to ____ nonprofit?”
It’s “just” the size of his stock portfolio in the way your stock portfolio looks if you had put all your money into one stock.
- antisthenes 4y ago> Add to that the fact that most billionaires don’t “have” wealth the way we think of wealth. While it's true that if they were to instantly liquidate all of their stocks/assets, the real number of their "wealth" would be significantly reduced, they still operate with insane amounts of money. The question still remains though whether at that level of ownership they are still generating enough value as a CEO/board member for the outsized returns they are receiving as an owner.