All that’s going on is they own something (often a company they created) that has an estimated selling price, but they aren’t selling it so it doesn’t really matter. Their situation doesn’t change much because they weren’t selling it anyway. The comparison to houses was apt.
kittenbomber t1_j2dnvg8 wrote
Reply to comment by ChickenEnthusiast in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
All that’s going on is they own something (often a company they created) that has an estimated selling price, but they aren’t selling it so it doesn’t really matter. Their situation doesn’t change much because they weren’t selling it anyway. The comparison to houses was apt.