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Recent Questions
- Why did everyone start to hate the Russians if the U.S. did the same thing in Afghanistan, Iraq?
- What needs to be corrected in the management of Russia first?
- Why did Blaise Pascal become a religious man at the end of his life?
- How do I know if a guy likes you?
- When they say "one generation", how many do they mean?
Why every billionaire needs so much money is an individual question. But I liked Sergey Galitsky's statement most of all. Quote: “I live in Krasnodar, and I, for example, do not like the Soviet architecture in the city. But I can hide it with proper landscaping. It will cost $4-5 billion. I want to build a good university in Krasnodar, a good school in Krasnodar, so that the rich don't send their children abroad – it will cost another half a billion. At the same time, I must not lose a controlling stake in the company. I am sorely short of money, I am terrified all the time! ” – Galitsky told the Snob magazine in September 2014.
You also need to understand that billionaires do not have billions in the bank, in cash, etc. Their billions are an estimate of the current value of their assets. So they have much less physical, available money. Although, of course, it's still a lot of money.
I think a quote from Elon Musk would be appropriate here:
«My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.»
Most of their “billions” are not money, but various assets. But even if a billionaire goes into cash, selling everything he has, is it so difficult to find a use for the money? There are always opportunities for investment.