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Jensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market cap (www.tomshardware.com)

submitted 9 hours ago by neme@lemm.ee to c/technology@lemmy.world

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[–] celsiustimeline@lemmy.dbzer0.com 2 points 3 hours ago (1 children)

So how do they pay the loans back if the liquidity isn't there?

[–] superkret@feddit.org 4 points 1 hour ago* (last edited 1 hour ago) (1 children)

With money they loan from a bank, using whatever they bought with the previous loan as collateral.
It's credit all the way down.

[–] sugar_in_your_tea@sh.itjust.works 1 points 39 minutes ago

And that ends when they die, at which point the stocks get stepped up in basis so the taxes are almost completely avoided. Or they structure their debts in such a way that certain entities can be bankrupted without impacting the actual assets.

Things get wild when you're in the 0.1% and above.