this post was submitted on 07 Oct 2024
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No, he's not. It's only his inflated market value.
He can turn a significant chunk of this value into actual dollars, even without selling the stock. This line of reasoning that execs' worth is not what it seems to be because it's based on share value is constantly used to discount their wealth and argue against acting on wealth inequality.
Exactly. At the very least, he could go get a margin loan at relatively low cost (like 5%) compared to the tax burden of cashing out (20% or more). And that's just using publicly available numbers, a billionaire can get a lot cheaper loans than that.
Both numbers are based off market value, though