Gates, Bezos, Yankovich, Buffet all have a theorhetical fortune. I assume none of them have a Scrooge McDuck like vault of coins on a hill somewhere. So how do they convert their wealth into purchases. One would assume they have some walking around money. But if they want to buy a speed boat or a pallette of rice-a-roni, do they have to sell stock? How do you convert equity worth billions into everday cash?
In: Economics
They would draw a massive income from the companies they head. Also business and asset managers and accountants that can help them access more cash for larger purchases (houses, real estate, graphics cards, etc)
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