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
This is a reddit meme that billionaires never sell stock. For anybody with a large amount of stock, they must make all their trades public. Take Bezos for example, you can see a list of his trades here:
https://www.nasdaq.com/market-activity/insiders/bezos-jeffrey-p-48340
Or Elon Musk:
https://www.nasdaq.com/market-activity/insiders/musk-elon-831665
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