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A billionaire keeps working because he is not a liquid billionaire, his ability to "be" a billionaire is dependent on the value of his stock. It might not be s
by CrimsonCape 4y ago
A billionaire keeps working because he is not a liquid billionaire, his ability to "be" a billionaire is dependent on the value of his stock.
It might not be so binary, i.e. maybe 40% of his assets are liquid and equal to $1bn, but the point stands.
- tluyben2 4y agoHow do you know this? You seem to imply billionaires cannot stop working because they don’t have cash? Every billionaire can take 10m+$ and sit and drink cocktails 24/7 and do nothing the rest of their life. Many do not want to, but I have never hear anyone mention the reason you state here for billionaires; I only know two personally and they both said they don’t want to stop working (both are around 80 now) as they want to achieve more (nothing related to money) and this is what I read as well about others like Tim Cook.
- mullingitover 4y agoThere's some point where it's more about power. You can have all your desires in the world handled forever with double digit millions of dollars, but beyond that more wealth means more power, and for some people their appetite for power and influence is a bottomless pit.