Sounds like an idiotic question, how can a person who only 100,000 dollars in a checking account be richer then some one who is supposed to be worth billions of dollars. Well if the person who has $100,000 and has no debt except living expenses and has income that more then covers his living expenses then his net worth is over $100,000.
A so called billionaire who has his money tied up stocks and Real estate and his income which may be huge doesn’t cover expenses, so he borrows against his holdings really richer then the person who has liquid $100,000.
Don’t forget gross value of stocks and real estate fluctuates and some even collapse.
What happens to the person if he can’t borrow against his holdings? Is he bankrupt?
If the holdings go down greater then his debt, is his net worth negative, especially compared to the person who has $100,000 liquid.
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If the person who has $100,000 liquid in the bank and the bank loans money to billionaires is the person with money in the bank third party holder of the billionaire’s debt?
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