How The World’s Richest Man Actually Has Very Little Cash...

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Title	:	How The World’s Richest Man Actually Has Very Little Cash...
Lasting	:	12.17
Date of publication	:
Views	:	170 rb

Thanks for watching guys! Interested to hear your thoughts on the super wealthy Should they cop a net worth tax, or would it be unfair for them to be forced to sell their company ownership? Let me know, it's obviously a hot topic!
Comment from : New Money

Your explanation and making general people understand about the topics are top notch
Comment from : Mon Baruah

Generally quite a good video, but one wrinkle to add here is that there are multiple classes of shares with different voting rights, so you don't actually need to own the majority of shares in a company to control voting
Comment from : Nikil Ragav

Very informative and very clear Thank you!
Comment from : Romain Loupias

Stock rich billionaire, not cash rich billionaire🤣🤣
Comment from : Lina DLC

It's time to quit pretending people who don't have money are rich Stonks are worthless, like Pogs, traded by loser idiot kids
Comment from : Cows Against Capitalism

This video really helped shift my perspective on things Seeing all these guys with amazingly high net worths you get envious, but you realize how little of it they have access to and how much of it is used as collateral against debt it really puts it all in a different light all together! Thank you for the hard work 🙏🏾
Comment from : Chad Bailey

Worth 4 twitters LOL More like 10
Comment from : david adams

He's nowhere near the richest There's other ones not on the list
Comment from : Ross Whitehill

I think the billionaires like Branson, Sugar,Feeney all have most if not all of their money in actual money
Comment from : Frankie Wilde

There may be evil billionaires, so as many evil homeless people But musk is one special person the world sees one in few generations He got rich while making the world a better place and continues to use his means to further his cause To call him a "FREELOADER" is the mother of all ironies, yet by a carrier freeloader who stole the identity of native Americans, that senator Karen
Comment from : Elon Dare

The ordinary poor people won't even know one percent of this bcz they get subversed into communism/socialism It is said the day people learn about money there will be a revolution next day
Comment from : Sourish Saha

8:32 bro I believe a net worth tax should be taken from the company as a whole This way nobody's share would decrease
Comment from : Muataz Attaia

Lolelon musk has little moneyhmm that does not even sound right
Comment from : daniel nunez

Get this video to more people! Very well made and very informative
Comment from : Deyan Mohamed

Some of us have been broke for so much of our lives, we want to grow company wealth to sell so I can live nicely, and invest the majority of our wealth into ompanies that will allow for a high net worth to still exist Leone too dumb to think of this Bill gates did it, and never works, Warren Buffett did it too
Comment from : Chinonso Ifeanyi

Warren Buffet's case is different, he can easily liquidate his wealth from stocks and other options That's why he's the real deal
Comment from : lewis itor

So they have less, but still have more
Comment from : An idea

So where did elon musk get his money for day to day activities?
Comment from : Araitol 39

If they ranked the rich by how much cash they have in the bank, I’m sure that list will be different There are families out there that are super wealthy than these guys
Comment from : Shaved Ice

Dont forget about Tax deduction when somebody pay Tax Thats also source of "income" Imagine if he pay $4B in Tax How many "cash" he receive in tax deduction Its "tax free" coz its already taxed
Comment from : Rony mu

El chapo had billions in his bank account or in cash if he never got it laundered into bank accounts
Comment from : Thomas Esteppe

All white🤷🏾‍♂️
Comment from : Dumz

He can give himself salary just like tim cook,selling stock isn't the only way
Comment from : Dhiren Budhwani Official

There’s a difference between rich in stocks and rich in cash aka being liquid That’s why most real wealthy people don’t appear in the list because most of them had trust hiding in tax-haven places Also take for example the Al Saud of Saudis who amasses billions if not trillions of money but usually don’t appear in any list because they’re avoiding backlash from their citizens and also don’t have oversight to tax their wealth
Comment from : inigojuancarlos

If you want cash, coke is the business to be in
Comment from : Dhammika kapuliyadda

All of the people at the top of the Forbes list came from wealthy familiesbrbrWarren Buffet's dad was a congressman brbrBill Gates dad was a named partner at a prestigious law firmbrbrElon Musk's dad owned a emerald minebrbrEtc etc etcbrbrSteve Jobs was one of the few examples of a real working class kid succeeding without the luxury of continuing his Ivy leugue education if it didn't work out
Comment from : Bryant G

Why are billionaires in tons of "debt"? Because debt isn't taxablebrbrBillionaires use their assets for collateral on loans to avoid losing control of their companies and most importantly paying taxes on their immense wealthbrbrIt's the credit card rewards program for the rich
Comment from : Bryant G

Australian for beer !
Comment from : Moto Jee

He can raise a lot of cash easy , sell stick
Comment from : Eddie Kulp

Can I get a link of the t-shirt ur wearing?
Comment from : 23Janmesh Nampurkar

Simple answer Cash is trash
Comment from : D

Do you realize how uncomfortable it is to have everyone and anyone know all your financial information
Comment from : LT

are we still harping this shit talking point lmao
Comment from : Wok

watching this after seeing him sell 10 billion worth of stock in a month is pretty funny, yeah he for sure wont access 9999 of that wealth lmaoo 5:24
Comment from : Yazan M

If corporation gets a hold of SpaceX or Tesla they'll disregard the goal and just grow stagnant
Comment from : iloveplayingpr

The really wealthy are politicians
Comment from : SHUBHAM SHARMA

This video explains the process very well Like I tell some of my friends these wealthy entrepreneurs like Bill Gates and Mark Zuckerberg wish they had $200 billion in the bank
Comment from : AnalystMan Issac

Comment from : cengane uwu

no one cares ;)
Comment from : cengane uwu

This is why Bill Gates is still the world's richest person He's fully diversified; he actually could liquidate his $100+ billions in weeks
Comment from : TheZoeBig

Thats why he is selling 10 of his tesla shares, he need some cash😏
Comment from : Seyed Mohammad

No women So sad
Comment from : Creciente Mente con Ximena de la Tijera

Fun factbrBuffet only takes 100k / year
Comment from : Menum Lor

How do you live the life of being rich if you can’t access 99### of his stock? i get that he lives in a small house but i can’t believe he doesn’t eat well and travel? Or am i just dumb and that tiny percentage is still like $500,000 yearly?
Comment from : Michael Shockey

That's why I feel that bill gates is the richest man alive because he has divested from microsoft and can easily liquidate over 50 percent of his asset within days
Comment from : Paul Olaniyi

Thats not Net Worth, but Net Responsibility By Holding $295 Billion of stock, Elon is responsible for $115 Trillion of money, which all normal people will have some kind of connection - directly/indirectly
Comment from : Aravind Bachu

I’m confused is Tim Cook worth 14 billion or million 3min 13seconds
Comment from : Mgng

Fuck, now I can't open my twitter with popcorn ready to witness the internet's ignorance
Comment from : Mega Raph

Fun fact: he has more money in his bank than many of us
Comment from : Aakib Suhail

This guy looks like mark Zuckerberg
Comment from : Nasty C

Elon has little money same how our parents said they don’t have money to buy us candy at the store Because the money they have a budget to live on, and rest for investing or saving He probably haves few million to live off
Comment from : SaltoDaKid

Musk isnt the richest There are 13 people much richer than Musk
Comment from : Bilal Kaddoura

because fuck fiat
Comment from : Counting Dineros

Cash is NOT king!
Comment from : Black Hole

Most people don't know that 90 of dollars do not even exist It is all just 1's and 0's on a computer screen
Comment from : Jeff Dorris

This is exactly why we shouldn’t increase taxes on the rich It destroys the economy
Comment from : TheNotoriousGOOB

You didn't cover the tax side of selling sharescorrect me if i'm wrong but i believe that when shares are sold no tax is paid therefore if Elon sold some shares to fund his lifestyld he would pay no tax
Comment from : Inez M

This whole video coulda been It's all in stock
Comment from : Versacci

very instructional!
Comment from : Joel Hounakey

Thanks for this
Comment from : Sheek!

😮 makes more sense now lol
Comment from : Raheem king

I think he sold some stock recently
Comment from : Bad Tooth

Great video, very well made, to the point 👌🏼
Comment from : claudius iam

elon musk tesla good
Comment from : mustofa kamal

Yeah but these billionaires pledge their shares, and obtain huge amounts of funding from the banks to fund lavish lifestyle While of course its debt, they still technically has access to billions of dollars that are as good as having them as cash in the bank as long as the banks agree to fund them by using their shares as collateral
Comment from : Sathya Sayesh

Cash is trashbrLoss value due inflationbrThat why rich people save in invesment
Comment from : Jep Stark

Love your content! Truly empowers us as the future generation
Comment from : Zain

It’s funny that many people especially the media is like Fox, CNN, NBC and Congress keep blaming that the rich is getting richer and they have all the money in the bank Now I know that is not true Most of their money is the investment which in the end goes up and down which some people still don’t realize that Where some people they should not blame the rich just because they know how to use their money the smart way I was like that I always blame the rich people get richer but I realize I have to blame myself because I’m not using my money the smart way But now I do People have to learn how to take accountability and learn how to use your money wisely and learn the value of a dollar
Comment from : vanikin4life

Yeah a lot people don’t realize this I remember at work my coworker where talking about bezoar and musk been the wealthiest and I’m like hmm not really bill gates still the richest and I try to explain but I don’t think they understood lol
Comment from : Hitman

Who need money?brWhen you have a dream and an accessing to the largest pool of owners business😊
Comment from : kly touch

If he don't have that much in bank account how cum he is richest a person in the world ?
Comment from : duh

How to i am rich ?
Comment from : duh

Let's wait for Musk di to be become uncontrolled and get new woman to halved his assets like Gates Like they say every successful man has a woman behind him
Comment from : Herman Jr

People do not understand that net worth is not just how much money you have in your bank account
Comment from : Jahim Uddin

Who want to save money in banks? I wont put all my money in banks I rather use Gold and Silver to store my wealth, second must be land and third is cryptos
Comment from : M5A1 Stuart

Well he is not really wealthier than 73 of countries since they produce that in a year, in his case you could say it’s (so far) his life’s work
Comment from : David B

Nice videoI would love to see more of finance videos
Comment from : ADONIS JAGS

Love your channel!!
Comment from : Roald Maartens

His 80mn shares used as debt collateral are used to avoid paying taxes Instead the bank lends him money at a tiny interest rate as opposed to him selling his shares and having to pay the capital gains tax brbrYour argument of oh dear poor Musky 😢 is clearly built on either an intention to miss inform or lack of understanding
Comment from : jackowens1999

Why would him selling Tesla stock affect his ownership of SpaceX ?
Comment from : Jason Chau

Elon Musk is my favourite african american !!
Comment from : Karl Benz

Putin has more money 100
Comment from : Gavrilov Denis

The only people with cash like that are the trillionaires in Saudi Arabia or Dubai
Comment from : Deep Pocketz

I'd like to know the world's richest list in terms of available money So remove people like Elon who can't realistically access their wealth and see who is left
Comment from : LDT7Y

Eleon Musk does not have much money because he does not need much of it One of the reasons is that maybe most of his expenses are paid by his companies When he needs more money, he should be able to increase his wages in companies he controls If he has wages like CEO of Apple, he will have much money
Comment from : Dmitriy Dotsenko

Bruh even a newbie know if they liquidate, they have to pay taxes, just ro save tax they don't cash out the stocko
Comment from : Dana white

Even if they were forced to sell all their shares, it would take decades to liquidate them will also having them retain their value Probably even longer than their lifetimes Warren Buffett is actually able to liquify a lot of his wealth easier, because he’s been around long enough and diversified his portfolio to the point where he can convert a lot of it into cash Bill Gates can mostly do the same too, because he started selling his Microsoft shares early and he owns a hedge fund company that can offset any losses But Bezos and Musk would have a hard time liquefying big shares Arabian princes are probably the most cash rich people in the world
Comment from : gilgamesh310

My net worth is about +2 mil$ and I have $1,268 in my bank account
Comment from : Time Done

The richest person is the one that's not in debt
Comment from : theFormidable1

Elon Musk have a 318 Billion dollars
Comment from : Football Is the Goat Sport

So well said!!!
Comment from : Ray B

Thanks for the video Explained in simple phrases and really understandable
Comment from : XRay MAO

Very well put together video!
Comment from : Nejc Ribič

Musk actually have millions in his bank accounts for personal use, but compared to the 200B its nothing Still having even 1 million in your bank accounts is something huge to the ordinary people
Comment from : Double D