Nemeski@lemm.ee to Technology@lemmy.worldEnglish · 1 month agoJensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market capwww.tomshardware.comexternal-linkmessage-square21fedilinkarrow-up1139arrow-down19
arrow-up1130arrow-down1external-linkJensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market capwww.tomshardware.comNemeski@lemm.ee to Technology@lemmy.worldEnglish · 1 month agomessage-square21fedilink
minus-squareNach [Ohio]@midwest.sociallinkfedilinkEnglisharrow-up37arrow-down2·1 month agoIf this is all Nvidia stock let him try to cash out and see what happens.
minus-squareNIB@lemmy.worldlinkfedilinkEnglisharrow-up12·1 month agoYou dont need to sell your stocks to access that wealth. You can use that as collateral to take loans or exchange stocks.
minus-squarekameecoding@lemmy.worldlinkfedilinkEnglisharrow-up7·1 month agoElons everything comes from having overpriced tesla stock as collateral
minus-squarenova_ad_vitum@lemmy.calinkfedilinkEnglisharrow-up7·edit-21 month ago“unrealized gains” that you can somehow live off of indefinitely.
minus-squareGerudo@lemm.eelinkfedilinkEnglisharrow-up9·1 month agoThe thing that bothers me when people say “oh its unrealized gains, it’s not real money” is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.
minus-squarecelsiustimeline@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·1 month agoSo how do they pay the loans back if the liquidity isn’t there?
If this is all Nvidia stock let him try to cash out and see what happens.
You dont need to sell your stocks to access that wealth. You can use that as collateral to take loans or exchange stocks.
Elons everything comes from having overpriced tesla stock as collateral
“unrealized gains” that you can somehow live off of indefinitely.
LOL
The thing that bothers me when people say “oh its unrealized gains, it’s not real money” is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.
So how do they pay the loans back if the liquidity isn’t there?