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

They also use dividends that they earn from stock which is taxed at a lower rate then income though work.

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