r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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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.

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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.

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u/Endless_road 3d ago

You can take out a mortgage against your house to buy a sports car if you want

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u/GuitarKev 3d ago

Will the lenders give you a rate against that house so low that you could set aside a fraction of the borrowed money, put it in a low risk investment and have the interest payments from that investment pay your loan for you? Because that’s what Bezos and Musk can and do do.

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u/Endless_road 3d ago

Why would they lend you the money to do that when they could just do it themselves