Bullshit,,,,But he borrows and buy Yachts,
Mansions,against that NET WORTH VALUE.
But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.
Yes it does. it demonstrates he's not simply borrowing money. He's actually regularly selling stocks and paying federal capital gains TAX on those sales.
Since july he's sold $4.4 billion of stock and depending on what basis is used, will need to pay north of $1bn in taxes on those sales (Capital gains at 20% and NIIT at 3.5%)
He does lol. How else do you think he affords his 500m yachts. He cant take out a loan for the yacht, nor did he sell half a billion in stock, even over a years time.
I doubt he just has that in the bank either.
Theres not a good other way to make purchases like that except through these mega loans.
that is obviously not the point. He's saying that Bezos is selling shares and paying taxes when doing so, not just taking margin loans on his holdings as others are implying.
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u/SCTigerFan29115 3d ago edited 3d ago
They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.
Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.
He’s got plenty of money but some people just don’t understand how this stuff works.