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llbbdd 3 hours ago

I mean as far as I know no human being is even a billionaire anyway if you only count cash. It's one of the things the "eat the rich" crowd is particularly bad at internalizing, that there's a difference between value and money that can be spent on food or hospitals.

mixdup 14 minutes ago | parent | next [-]

It is much more feasible for Jeff Bezos to sell a billion dollars worth of Amazon tomorrow or Bill Gates to sell a billion dollars worth of MSFT tomorrow than it is for Elon to sell a trillion dollars of SPCX even over a year's time

I get that net worth is more than just cash, and that is not what I meant and it's pretty obvious that isn't what I meant. It may not just be cash on hand but if an asset is completely illiquid at it's purported value, is it actually worth that?

hansonkd 2 hours ago | parent | prev [-]

2,000 gold bars were stopped out of iraq. and that is just what was stopped / reported.

Dictators and autocrats may or nay not have cash sitting in a bank account, but there are most likely multiple with $1B in gold.