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Rooster61yesterday at 6:35 PM4 repliesview on HN

That's a very naive, but common, viewpoint of wealth. "Worth" 1.3 billion does not mean "has 1.3 billion lying around in liquid cash". Net worth is tied up usually in many bank accounts across multiple banks, securities, real estate, trusts, etc. And that's all excluding capital tied up in corporations/orgs. Freeing up and giving away half of a billion dollar net worth is a difficult and time consuming thing, one which requires effort to do.


Replies

deadbabeyesterday at 7:14 PM

I guess that’s why more billionaires don’t give money away, it’s just too hard.

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tripleeeyesterday at 6:38 PM

I promise they can afford to hire someone to do the difficult and time consuming thing here.

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hnthrow10282910yesterday at 7:09 PM

Well when you say it like that, he’s basically just one of us!

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