this post was submitted on 02 Nov 2023
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Taylor Swift
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One of the things you’re all forgetting is that she’s a billionaire because of her catalog and music and stuff. She does not have a bank account with $1,00,000 sitting in it. I’m not saying billionaires should or shouldn’t exist, just reminding you that the valuation comes from intangible things that don’t have that value unless they’re sold to somebody. Her music is only worth what somebody wants to pay for it, if she even wants to sell it in the first place.
No billionaire has a billion in their bank account. It's all stocks and other assets.
That is my entire point. She doesn’t have a billion dollars to give out because she doesn't actually have a billion dollars.
She doesn't have $100k in lakh notation?