this post was submitted on 27 Mar 2026
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[–] upandatom@lemmy.world 0 points 1 month ago (1 children)

Net worth can, and is, used as collateral for taking out large loans with little to no interest. So I would say net worth is a pretty good equivalent of cash under the mattress. It just takes one step to access that cash.

[–] qwerty@discuss.tchncs.de 1 points 1 month ago

Loans have to be repaid and I'm not talking about liquidity. If you have a billion $ in cash and use it to fund a billion $ research vessel, you have a billion $ research vessel. You're still a billionaire. Gaben owns large portion of Valve, a multi billion $ company. The only way for him to no longer be a billionaire is to either

  • Sell his stake in Valve and burn, give away or otherwise loose all the money.
  • Devalue Valve to the point that it's no longer worth billions of $.