• Airazz@lemmy.world
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    11 months ago

    He doesn’t have money.

    Here’s a good comparison I’ve found: let’s say you have a company and issue one million shares. You sell just a single one for $1. Now “technically” you own $999,999 worth of shares, even though you actually have one dollar.

    His Tesla and SpaceX shares are worth a lot, but they’re not cash. If he started selling huge amounts, then the value would drop rapidly.