if you have a $1 net worth, you are closer to the 2nd richest person on earth, than he is to Elon. - Kotaku In Action 2

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if you have a $1 net worth, you are closer to the 2nd richest person on earth, than he is to Elon. (twitter.com)

posted 15 days ago by SophiesBoyfriend 15 days ago by SophiesBoyfriend +23 / -0

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– tralbolh 12 points 15 days ago +12 / -0

Don't know about Elon, but this is common in the US, rather than sell your stock you take out a permanent interest free loan at a fixed percentage somewhat less than 100% where they hold the stock as 'collateral'. It is a tax loophole, nothing more.

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