Yeah except probably not. Its not like billionaires have a savings account with $1,000,000,000 sitting there collecting 5% interest (much less sitting collecting even less interest in a checking account…)
They have a net worth based on tons of diverse (non-liquid) assets like securities, company ownership stakes, real estate, art, etc. To say nothing of their holdings in trusts and shell companies abroad, or whatever the latest tax avoidance strategies are.
Yeah except probably not. Its not like billionaires have a savings account with $1,000,000,000 sitting there collecting 5% interest (much less sitting collecting even less interest in a checking account…)
They have a net worth based on tons of diverse (non-liquid) assets like securities, company ownership stakes, real estate, art, etc. To say nothing of their holdings in trusts and shell companies abroad, or whatever the latest tax avoidance strategies are.