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So? Imagine he sells all his ownership and this tanks the value of his companies by 90%. Oh no. He only has $100,000,000,000 in the bank. Enough to be ludicrous
by UncleMeat 4mo ago
So? Imagine he sells all his ownership and this tanks the value of his companies by 90%. Oh no. He only has $100,000,000,000 in the bank. Enough to be ludicrously rich a thousand times over.
I have never once understood this "oh it is only paper money" argument.
- Dig1t 4mo agoI'm just saying that when you say "trillionaire" it evokes the idea that he's hoarding $1T in a bank account. But it's almost entirely just locked up in shares of companies, and if he actually wanted to turn it into cash it wouldn't actually be 1T.
- UncleMeat 4mo agoI don't believe that it does. Billionaires and even millionaires don't typically have that amount in a bank account. People understand this.