World’s richest people added $852 billion to their fortunes in the first half of 2023
english.elpais.com
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
You are viewing a single comment
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.
Those days are coming to an end though...
Yeah, someone else mentioned that. That's bullshit.