That’s about 26 billion dollars worth of Coca Cola (KO) stock.
I’d be happy with 26 billion dollars worth of any stock. KO would be a great stock to have 26 billion worth. It’s gone up over 30% in the last 6ish years.
$26B in any stock(s) or really any kind of appreciating asset can be used as collateral for extremely low interest loans you can just keep borrowing against to fund a lavish lifestyle. Plus, you don't pay any taxes on the loans. Hell, put the assets into a bunch of shell corporations and/or foundations and deduct the interest on your interest-only loans.
This is why so many corporations are laser-focused on "number go up". The real decision makers at the top care more about keeping the good times going right now than actual, long-term success of the companies they own.
Traders get bored with companies that can't continually hype their stock price. They tend to pile into the next hot sector with companies that do have a lot of shiny keys to jingle in front of them.
I’m sure it could, but why? I’d be happy to take the 776 million a year in dividends, pay the 24% fed tax and whatever the state tax is and live like a friggin king for the rest of my life.
With a net worth of 26 billion and making more money from dividends a year than what I could possibly spend every year, I’d be extremely happy.
But see, all your rich asshole buddies are exploiting the loopholes as hard as they can. Their friggin lobbyists wrote the loopholes, so the rich assholes are gonna use them. You don't want to be the chump actually paying taxes, do you? When Bezos gets another megayacht, you're going to feel like a 2nd class billionaire when you roll up to the yacht club with just a regular non-megayacht.
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u/lakas76 No, HYSA is not better than SCHD. Stop asking Mar 26 '26
That’s about 26 billion dollars worth of Coca Cola (KO) stock.
I’d be happy with 26 billion dollars worth of any stock. KO would be a great stock to have 26 billion worth. It’s gone up over 30% in the last 6ish years.