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 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.