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That's a very naive, but common, viewpoint of wealth. "Worth" 1.3 billion does not mean "has 1.3 billion lying around in liquid cash". Net worth is tied up usua
by Rooster61 4mo ago
That's a very naive, but common, viewpoint of wealth. "Worth" 1.3 billion does not mean "has 1.3 billion lying around in liquid cash". Net worth is tied up usually in many bank accounts across multiple banks, securities, real estate, trusts, etc. And that's all excluding capital tied up in corporations/orgs. Freeing up and giving away half of a billion dollar net worth is a difficult and time consuming thing, one which requires effort to do.
- tripleee 4mo agoI promise they can afford to hire someone to do the difficult and time consuming thing here.
- Rooster61 4mo agoThey certainly can. And the list of people who have become rich only to have it siphoned away by bean counters is at least as long as the people who are still rich.
- deleted 4mo ago[deleted]
- hnthrow10282910 4mo agoWell when you say it like that, he’s basically just one of us!
- deadbabe 4mo agoI guess that’s why more billionaires don’t give money away, it’s just too hard.
- yieldcrv 4mo agoyou can donate assets without selling to cash first, the tax incentives and deductions are even better actually