Half a trillion in equity is so unfathomable in my reality.
$500,000,000,000
Let’s say I ask him for 0.001% of his wealth… I would get $5,000,000.
Now let’s put this into perspective of my reality.
If I had $1000 and someone asked me for the same 0.001% of my wealth, I would be handing over $0.01.
One cent.
I understand that this wouldn’t be sustainable if I give everyone one cent from my pot of a thousand… but still. Have a trillion dollars makes me sick.
Sure, I think their point was just that this is different than cash. If you start selling a bunch of stock to buy things, this would impact the value of your remaining stock negatively. How negatively is pretty hard to predict, but I imagine trying to liquidate that would net far less than half a trillion.
Half a trillion in equity is so unfathomable in my reality.
$500,000,000,000
Let’s say I ask him for 0.001% of his wealth… I would get $5,000,000.
Now let’s put this into perspective of my reality. If I had $1000 and someone asked me for the same 0.001% of my wealth, I would be handing over $0.01.
One cent.
I understand that this wouldn’t be sustainable if I give everyone one cent from my pot of a thousand… but still. Have a trillion dollars makes me sick.
More perspectives:
If you divided this amount equally across every human on earth (8,142,000,000), they’d each get about $61.
Only 9 sovereign wealth funds hold more value. https://en.m.wikipedia.org/wiki/Sovereign_wealth_fund
It’s also different having equity worth that mush vs liquid assets
Not in the grand scheme of things. It is mostly only relevant when it is a about whether he can afford various impulse buys, like purchasing twitter.
One person owning that much wealth, whether it be equity or assets is not something that should happen at all.
Sure, I think their point was just that this is different than cash. If you start selling a bunch of stock to buy things, this would impact the value of your remaining stock negatively. How negatively is pretty hard to predict, but I imagine trying to liquidate that would net far less than half a trillion.