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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 1 month ago by neme@lemm.ee to c/technology@lemmy.world

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[–] MonkderVierte@lemmy.ml 12 points 1 month ago* (last edited 1 month ago) (2 children)

No, he's not. It's only his inflated market value.

[–] avidamoeba@lemmy.ca 16 points 1 month 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 1 month 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.

[–] hedgehog@ttrpg.network 6 points 1 month ago

Both numbers are based off market value, though