This is the biggest thing that people do not understand about billionaires

Myths and misconceptions abound in billionaires. On paper, it seems that people like Elon Musk, Jeff Bezos and Bner BEGAN Net value From about 9 billion dollars, you have funds to solve all issues of wealth distribution in the world, hunger and displacement in the heartbeat. But this is not necessarily true.

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The billionaire Mark Kobe divided it in a BlossomWith confirmation, “This is not sympathy.” In an objective way, he shared exactly how billionaire wealth works, because, he wrote: “If you will eat all of us, at least understand that all you think will be available to treat society’s ills, you will not be a small part of what you expect.”

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The Cuban is a billionaire that manufactures it, launched a 24 -year -old software company and then sold it later to COMPUSERVE for $ 6 million, according to CNBC. “When I was broken and asleep on the floors, I couldn’t really imagine what this money was really. It was not imagined for me.”

However, continued to indicate this Net value It can be completely different from cash in the bank. “When someone is a billionaire, they rarely have Networth (SIC) criticism. I think this is what offends people even from musk, Bezos, Zuckerberg (such) and those of us are much lower, relatively, all of whom have their wealth in the shares of the companies they started to own.”

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It often means filtering these investments Pay. “I think Elon sold about 40b (such) in stocks,” Kobe wrote. “At least 30 PCT (which) of that went to taxes.”

Kobe added that he paid 11 million dollars as taxes to California when he sold Dallas Maverx. “I do not live in California,” he wrote. “But MAVS played games there.”

In addition to possible taxes that may keep billionaire investments restricted, many of their wealth is directly linked Securities market fluctuations. Glimpse of Bloomberg billionaires index The changes in the wealth of the five billion billionaires of 1.13 billion dollars (Larry Big) appear to $ 18.5 billion (Larry Ellson).

Kobe explained that if the stock market shares and the Tesla share decreases by 90 %, Musk wealth You will take a blow. Although he will not be poor, it is possible that he must pay every loan he has ever against his shares, “said Cope.

Kobe the thread was closed with a statement that seemed to separate himself from those in the upper billionaires. (As of 2025, Kobe is ranked No. 397 in the list of the 500 best players in Bloomberg.)

“There are not a few Wealthy He wrote: On my level who do everything in their power to help others, we realize that we are blessed, and we do not take what we have something that is empty of it and do not take advantage of people. We were just lucky. “

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This article was originally appeared on Gobankingheshes.com: Mark Kobe: This is the biggest thing that people do not understand about billionaires