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Yea, I call bullshit on that.
They're only worth that if people buy the shares
There are 192M shares and an average daily volume of 5.5M.
There is no way Trump could sell 113M shares quickly, the stock would absolutely crater and the market would react.
But he can still borrow against the value of those shares.
That’s how these parasites afford all their private jets and other insane luxuries. They just pull out loans against the value of their stock holdings, pay accountants to make sure it’s never a problem, and essentially spend their money while keeping it too.
It’s insane, because they essentially never have to pay taxes on anything but their personal income, and then you have grifters like musk who don’t even take salaries and just live off the loans.
Wait until the weird orange felon cashes out as soon he can, leaving all his poor investors with worthless TS stock that they mortgages their mobile homes for.
If he tries to sell any substantial portion of his holding, the price will crater.
Not if there's a state actor or two to keep buying. I wonder who that would be...
Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.
Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!
But it won't matter because he'll have already sold. Well, it won't matter to him.
He can’t just sell 2bn at once. They’re saying as he sold the price would naturally crater even without news getting involved.
Well his worth changes every day, just on how he feels alone!
Key word: on paper. No one besides Saudis and Putin will pay anywhere close to that amount