Re:The world's youngest self-made billionaire
by Veratyr on Monday November 20, 2017 @09:25PM
(#15745069)
> Most billionaires don’t have billions in liquid cash, they almost all have illiquid property, stocks, bonds, etc.
Agreed on the first, the latter are pretty liquid, save for say 20% of Stripe's market cap, for which a private buyer can likely be found.
> Selling off some of these assets would cause a very similar effect, and often they can’t easily be sold at all.
I'm sure you can find buyers for them though, I'm not sure who's going to buy >$1B of ETH.
Saying he isn’t a billionaire because of that is sort of a double standard though. Most billionaires don’t have billions in liquid cash, they almost all have illiquid property, stocks, bonds, etc. Selling off some of these assets would cause a very similar effect, and often they can’t easily be sold at all.