Also, can be used as collateral for low to no interest loans, meaning that he’s the richest person in the world yet has little to no taxable income and no risk of losing it all.
There’s rigged games, and then there’s how the US banking system treats billionaires and hectomillionaires…
He lost a marginal amount of credit worthiness. $80B is twice the purchase price of Twitter, as a point of comparison. But it’s after a $400B bull run.
What he’s lost today is dwarfed by what he gained over the last ten years.
It’s all imaginary money that never existed in the first place. He lost nothing because he didn’t actually have anything to begin with.
Its imaginary yet can (try to) buy elections, private island visits, and absolute immunity from the law.
Hmm. Doesn’t seem imaginary to me.
Also, can be used as collateral for low to no interest loans, meaning that he’s the richest person in the world yet has little to no taxable income and no risk of losing it all.
There’s rigged games, and then there’s how the US banking system treats billionaires and hectomillionaires…
He lost a marginal amount of credit worthiness. $80B is twice the purchase price of Twitter, as a point of comparison. But it’s after a $400B bull run.
What he’s lost today is dwarfed by what he gained over the last ten years.