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by UncleMeat 3 days 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.

1 comments

I'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.
I don't believe that it does. Billionaires and even millionaires don't typically have that amount in a bank account. People understand this.