Yeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.
Almost all of them. That’s how the Epstein class fund their lifestyles, they borrow against their stocks. This is why the Epstein class always want low interest rates; it is not about mortgages, at least not the kind where someone is homeless because they missed a payment.
World’s first ex-trillionaire , yes?
Nope. Since everyone bought his shares he got to keep their money
By that logic he’s not a trillionaire at all. They only sold 4% of the company for some 68 billion USD. A trillion dollars was never liquidated.
Edit: 4.3% and 75 billion are the correct numbers.
He gets to borrow against the shares as if he has that trillion in cash.
Yeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.
What moron bank would lend against no actual collateral.
Almost all of them. That’s how the Epstein class fund their lifestyles, they borrow against their stocks. This is why the Epstein class always want low interest rates; it is not about mortgages, at least not the kind where someone is homeless because they missed a payment.
https://taxproject.org/carried-interest/