If non cash rich billionaires have to sell stocks to pay taxes how do they stay in control of their companies?

Question

If non cash rich billionaires have to sell stocks to pay taxes how do they stay in control of their companies?

In: 14

Answer 1

I didn’t see this mentioned, but they sell other stocks they own. They don’t only own one stock. While they might have a controlling interest in one company they own many other stocks. So on top of doing things like taking out loans against the stock of the company they have a controlling interest in, they can also sell other stocks for companies they don’t have a controlling interest in.