Carawou@lemmy.world to Today I Learned@lemmy.worldEnglish · 11 hours agoTIL that Elon Musk owns 90 companies in Texaswww.nytimes.comexternal-linkmessage-square31fedilinkarrow-up1396arrow-down14file-text
arrow-up1392arrow-down1external-linkTIL that Elon Musk owns 90 companies in Texaswww.nytimes.comCarawou@lemmy.world to Today I Learned@lemmy.worldEnglish · 11 hours agomessage-square31fedilinkfile-text
minus-squareMagnificentSteiner@lemmy.ziplinkfedilinkEnglisharrow-up18·9 hours agoHe also doesn’t live off any income. His liquid cash comes from loans against assets which aren’t taxed like income.
minus-squareanon_8675309@lemmy.worldlinkfedilinkEnglisharrow-up1·3 minutes agoThis is how they all do it.
minus-squareTempus Fugit@lemmy.worldlinkfedilinkEnglisharrow-up19·8 hours agoAlso, this is how all rich people live.
minus-squareViking_Hippie@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up16arrow-down1·8 hours ago this is how all absurdly rich people live. The difference between a million and a billion dollars is roughly a billion dollars. Likewise, Danny DeVito is rich enough to afford a good house and car, but not rich enough for the infinite tax free spending money hack.
minus-squareanon_8675309@lemmy.worldlinkfedilinkEnglisharrow-up1·43 seconds agoRight. There was some finance guy that wrote this all up once and you don’t even get a call back unless you have close to half billion. But then the lines they get are like 0.5% APR. it’s nuts.
He also doesn’t live off any income. His liquid cash comes from loans against assets which aren’t taxed like income.
This is how they all do it.
Also, this is how all rich people live.
The difference between a million and a billion dollars is roughly a billion dollars.
Likewise, Danny DeVito is rich enough to afford a good house and car, but not rich enough for the infinite tax free spending money hack.
Right. There was some finance guy that wrote this all up once and you don’t even get a call back unless you have close to half billion. But then the lines they get are like 0.5% APR. it’s nuts.