Re:The world's youngest self-made billionaire
by saagarjha on Monday November 20, 2017 @09:31PM
(#15745091)
By this logic, isn't Bill Gates a billionaire "on paper" as well? His wealth is all stock and assets.
Re:The world's youngest self-made billionaire
by scarmig on Tuesday November 21, 2017 @12:07AM
(#15745704)
It all depends on how liquid those assets are. "Paper" billionaire or millionaire typically refers to situations where someone is a millionaire but wouldn't be able to come up with a million dollars in funds in the short term (in less than a week, say).
Paper ones might be able to take a haircut on their assets for additional liquidity, but that haircut might be enough to make them not a millionaire.
What was the point of this article ?- To showcase an already predictable scenario ?
Either way, congratulations nonetheless, I do admire and respect the work they put in for Stripe.