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

20 Answers

Anonymous 0 Comments

They don’t. As someone else mentioned, they are usually paid back with borrower assets upon death.

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