Post
Topic
Board Economics
Re: Billionaires keep losing billions of dollars why poverty rate is increasing
by
Chrlie95
on 29/01/2023, 16:42:37 UTC
Billionaires' wealth is not equivalent to the actual cash they have, but rather a reflection of the value of the assets they own. When the value of these assets, such as stocks, falls, it can appear as a loss, but it doesn't necessarily mean the money has gone anywhere. The money is still tied up in assets, but the valuation has changed.