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13 points
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His networth is 5.4 billion. 20% of that is a bit over a billion… So not really.

I think you divided 5.4 billion by $275 million. Saw that it came out to almost 20. That means it’s about 5%. Easy mistake to make. I do it all the time.

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8 points

Ahh yeah you’re right.

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0 points

i believe networth is what his money is for companies he owns/has stock in, not what he makes every year

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5 points

Yep, That’s the number I gave.

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-2 points

Income tax is over annual income, not your net worth, which, if, you’re smart, is mostly in investment portfolios in real estate and/or securities.

Your available liquid assets on-hand as a billionaire, should be very small.

Less than or equal to the year-on-year inflation rate as a percentage of my assets would be my rule of thumb for cash, but that’s my own pie-in-the-sky arbitrary bullshit.

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6 points

Yep I know this. If you look at the comment I was responding to. They said that he paid 20% of his net worth in taxes in a year. Which was not true. The comment or even replied that I was right. It’s just a math error. What you’re talking about is irrelevant. 🤷

I feel like that sounds mean but I’m not trying to be. You make very good points. It’s just not relevant to what was being said.

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