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Small amounts at a time though - if you tried to dump a billion dollars worth of shares all at the same time, you would end up with much less than a billion. B
by legitster 2y ago
Small amounts at a time though - if you tried to dump a billion dollars worth of shares all at the same time, you would end up with much less than a billion.
Bezos doesn't actually convert his stock into cash for this reason - he borrows against their value.
- paulpauper 2y agothen that also proves my point. he can borrow against it. there are plenty of ways to get the value out of the stock
- legitster 2y agoKinda and sometimes. In this case most of Musk's growth in net worth was from a private valuation of SpaceX shares. They don't trade on the open market, so it would be harder to actually turn those to cash. To OP's credit, nobody is arguing Musk is broke. But having a higher net worth suddenly overnight doesn't often correlate to a change in purchasing power.