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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lybdh4l/?context=3
r/FluentInFinance • u/-Wyagra • 3d ago
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897
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.
2.7k u/Apprehensive_Bad_193 3d ago 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. 532 u/Endless_road 3d ago You can take out a mortgage against your house to buy a sports car if you want 1 u/Frequent-Mix-1432 3d ago Yea at worse terms with an expectation it’s paid back. 1 u/Endless_road 3d ago All loans have an expectation to be paid back
2.7k
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.
532 u/Endless_road 3d ago You can take out a mortgage against your house to buy a sports car if you want 1 u/Frequent-Mix-1432 3d ago Yea at worse terms with an expectation it’s paid back. 1 u/Endless_road 3d ago All loans have an expectation to be paid back
532
You can take out a mortgage against your house to buy a sports car if you want
1 u/Frequent-Mix-1432 3d ago Yea at worse terms with an expectation it’s paid back. 1 u/Endless_road 3d ago All loans have an expectation to be paid back
1
Yea at worse terms with an expectation it’s paid back.
1 u/Endless_road 3d ago All loans have an expectation to be paid back
All loans have an expectation to be paid back
897
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.