As far as I understand it, a billionaire’s wealth is wrapped up in stock, which is used as collateral to borrow money to actually spend. So how do they pay off those loans? With other loans? Loans all the way down?
In: Economics
I’m a private wealth attorney and I implement “buy, borrow, die” for a living. I explain it [here](https://www.reddit.com/r/BuyBorrowDieExplained/s/fyvxh1SCdZ). I answer your question more directly in the FAQs.
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