Technology

59092 readers

3253 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

357

Jensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market cap (www.tomshardware.com)

submitted 4 weeks ago by neme@lemm.ee to c/technology@lemmy.world

77 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] avidamoeba@lemmy.ca 16 points 4 weeks ago (1 children)

He can turn a significant chunk of this value into actual dollars, even without selling the stock. This line of reasoning that execs' worth is not what it seems to be because it's based on share value is constantly used to discount their wealth and argue against acting on wealth inequality.

[–] sugar_in_your_tea@sh.itjust.works 3 points 4 weeks ago

Exactly. At the very least, he could go get a margin loan at relatively low cost (like 5%) compared to the tax burden of cashing out (20% or more). And that's just using publicly available numbers, a billionaire can get a lot cheaper loans than that.