He can borrow against that asset value for liquid cash at extremely low interest rates, so he essentially has access to at minimum 50-80% of that value. For all intents and purposes, and especially given that it would be essentially impossible for an individual to ever actually spend a trillion dollars, he has that much money.
If I own a house outright that’s worth $2 million but I only have $10 cash in the bank, it would be entirely disingenuous to say that I’m poor. It’s far more accurate to say I’m a millionaire.
He doesnt have a trillion dollars
Does he have ~12 pints of blood?
I bet you could find out and let us know. Report back.
Probably
He has $971b or $982b depending on whether you go by Bloomberg or Forbes.
And he’s still expanding that ridiculous dragon’s hoard so rapidly that it might be passing the $1t mark before you read this sentence.
He is worth that much of every stock sold for retail.
He didn’t have that much money.
He can borrow against that asset value for liquid cash at extremely low interest rates, so he essentially has access to at minimum 50-80% of that value. For all intents and purposes, and especially given that it would be essentially impossible for an individual to ever actually spend a trillion dollars, he has that much money.
If I own a house outright that’s worth $2 million but I only have $10 cash in the bank, it would be entirely disingenuous to say that I’m poor. It’s far more accurate to say I’m a millionaire.
You would be cash poor, and a millionaire. That actually very common.