Carawou@lemmy.world to Today I Learned@lemmy.worldEnglish · edit-24 days agoTIL that Elon Musk controls 90 companies. When he buys land, when he orders food, or when he gives money to politicians, he uses shell companieswww.nytimes.comexternal-linkmessage-square59linkfedilinkarrow-up1719arrow-down19file-text
arrow-up1710arrow-down1external-linkTIL that Elon Musk controls 90 companies. When he buys land, when he orders food, or when he gives money to politicians, he uses shell companieswww.nytimes.comCarawou@lemmy.world to Today I Learned@lemmy.worldEnglish · edit-24 days agomessage-square59linkfedilinkfile-text
minus-squareViking_Hippie@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up27arrow-down1·3 days ago this is how all absurdly rich people live. The difference between a million and a billion dollars is roughly a billion dollars. Likewise, Danny DeVito is rich enough to afford a good house and car, but not rich enough for the infinite tax free spending money hack.
minus-squareMagnificentSteiner@lemmy.ziplinkfedilinkEnglisharrow-up8·3 days ago The difference between a million and a billion dollars is roughly a billion dollars. My favourite illustration of this is… 1 million seconds = 12 days 1 billion seconds = 32 years
minus-squareanon_8675309@lemmy.worldlinkfedilinkEnglisharrow-up6·3 days agoRight. There was some finance guy that wrote this all up once and you don’t even get a call back unless you have close to half billion. But then the lines they get are like 0.5% APR. it’s nuts.
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up2·3 days agoand then when they die and the loans do need to get paid back, there’s all sorts of tax advantages when it gets all settled.
The difference between a million and a billion dollars is roughly a billion dollars.
Likewise, Danny DeVito is rich enough to afford a good house and car, but not rich enough for the infinite tax free spending money hack.
My favourite illustration of this is…
1 million seconds = 12 days
1 billion seconds = 32 years
Right. There was some finance guy that wrote this all up once and you don’t even get a call back unless you have close to half billion. But then the lines they get are like 0.5% APR. it’s nuts.
and then when they die and the loans do need to get paid back, there’s all sorts of tax advantages when it gets all settled.