How do billionaires pay off their loans?

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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

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Anonymous 0 Comments

I image a fair portion of loan payments can be written off as expenses depending on how it is structured. So you can live off the loan with a very low tax burden.

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