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Being a billionaire is an incredibly difficult feat. Social media has made it seem easy, but the truth is it is one of the hardest accomplishments in the world. But true wealth isn’t just that label, it’s the value you bring to society. Striving to create that value is... show more

Robert Herjavec

773,987 subscribers

13,021 Aufrufe • vor 1 Jahr •via X (Twitter)

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Ray Dalio says a founder can be a “billionaire” without $1,000,000,000 existing anywhere “What’s quite common now is you can issue stock for, let’s say you raise $50 million and you value the company at a billion.” “Only $50 million was actually spent on that company. But now if you raise that, you’re a billionaire because the accounting value of that.” “You own stock that is valued at a billion dollars. Nobody paid a billion dollars, or whatever it is, and now you own that stock. But that stock, you can’t spend because you can’t spend wealth.” “In order to spend it, you have to sell some of that stock to get money.”

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