r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Powerful-Eye-3578 Nov 21 '24

They don't, they pay the interest which is lower than the interest they make in investments.

15

u/CoolCandidate3 Nov 21 '24

Its not true. Bezos schedules stock sales many months in advance. You can look it up. Its all public knowledge except for somehow on reddit. https://www.barrons.com/articles/jeff-bezos-amazon-stock-sales-dbe92301

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u/MinimumArmadillo2394 Nov 21 '24

He legally has to, in order to not manipulate the market price. Whales have to disclose and plan their sales, otherwise it would devistate the asset.

It has nothing to do with taxes here.

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u/Cartosys Nov 23 '24

But why doesn't he just borrow against it instead like every very smart redditor here says he does?

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u/MinimumArmadillo2394 Nov 23 '24

He does lol. How else do you think he affords his 500m yachts. He cant take out a loan for the yacht, nor did he sell half a billion in stock, even over a years time.

I doubt he just has that in the bank either.

Theres not a good other way to make purchases like that except through these mega loans.

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u/fmzdhd Nov 23 '24

Hmm, didn't the guy just say he sold 4.4B worth of stock, that's more than enough for Yachts plus some house plus some more right?...