Nemeski to Technology@lemmy.worldEnglish • 2 months agoJensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market capwww.tomshardware.comexternal-linkmessage-square21fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkJensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market capwww.tomshardware.comNemeski to Technology@lemmy.worldEnglish • 2 months agomessage-square21fedilink
minus-squareNach [Ohio]linkfedilinkEnglish0•2 months agoIf this is all Nvidia stock let him try to cash out and see what happens.
minus-square@Gerudo@lemm.eelinkfedilinkEnglish0•2 months agoThe thing that bothers me when people say “oh its unrealized gains, it’s not real money” is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.
minus-squareNach [Ohio]linkfedilinkEnglish0•2 months agoIt’s BS that you can borrow against it. If he did sell it the valuation would drop.
minus-square@Revan343@lemmy.calinkfedilinkEnglish1•2 months agoAs far as I’m concerned, that’s the point at which unrealized gains should be taxed: as soon as you’re using it as leverage
If this is all Nvidia stock let him try to cash out and see what happens.
The thing that bothers me when people say “oh its unrealized gains, it’s not real money” is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.
It’s BS that you can borrow against it. If he did sell it the valuation would drop.
As far as I’m concerned, that’s the point at which unrealized gains should be taxed: as soon as you’re using it as leverage