Billionaires now control 1 out of every 25 dollars of American wealth.
  • jeffw@lemmy.worldOPM
    47·
    1 year ago

    When you’re a billionaire, most of your net worth comes from businesses you own, not liquid assets.

    • FlowVoid@lemmy.worldEnglish
      62·
      1 year ago

      Billionaires are far more likely to own part of a business than 100% of a business. And if you own stocks, then you too own part of a business.

    • aesthelete@lemmy.world
      2·
      1 year ago

      When you’re a billionaire, most of your net worth comes from businesses assets you own (and can borrow against without having to claim the loans as income), not liquid assets.

      FTFY