Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq

Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq

  • meat_popsicle@kbin.socialEnglish
    21·
    1 year ago

    They don’t need to sell to realize gains - they take out loans against the stock value from banks for almost no interest. If they choose to, they could get large amounts of that paper gain in liquid cash through just a handful of steps.

    • givesomefucks@lemmy.worldEnglish
      51·
      1 year ago

      they take out loans against the stock value from banks for almost no interest. If they choose to,

      Those days are coming to an end though…