That's a very naive, but common, viewpoint of wealth. "Worth" 1.3 billion does not mean "has 1.3 billion lying around in liquid cash". Net worth is tied up usually in many bank accounts across multiple banks, securities, real estate, trusts, etc. And that's all excluding capital tied up in corporations/orgs. Freeing up and giving away half of a billion dollar net worth is a difficult and time consuming thing, one which requires effort to do.

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8 hours ago | parent | next [-]

[deleted]

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deadbabe 7 hours ago | parent | prev | next [-]

I guess that’s why more billionaires don’t give money away, it’s just too hard.

	▲	yieldcrv 2 hours ago \| parent [-]
		you can donate assets without selling to cash first, the tax incentives and deductions are even better actually

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tripleee 8 hours ago | parent | prev | next [-]

I promise they can afford to hire someone to do the difficult and time consuming thing here.

	▲	Rooster61 8 hours ago \| parent [-]
		They certainly can. And the list of people who have become rich only to have it siphoned away by bean counters is at least as long as the people who are still rich.

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hnthrow10282910 7 hours ago | parent | prev [-]

Well when you say it like that, he’s basically just one of us!

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allarm 4 hours ago | parent [-]

No, he's not. Unless, of course, you've founded a company of comparable size.

	▲	tripleee 4 hours ago \| parent [-]
		gotta upgrade your sarcasm detector