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Notes -
Note that I didn't say equity in his company. My issue is with the notion that one can be counted as a billionaire when they don't even have the assets yet. In this case, future earnings from his business deal with Adidas that weren't realized. If he isn't a billionaire after that goes up in smoke, then he never was actually a billionaire.
Also... yeah, people do overestimate wealth that is totally ephemeral. I'm not saying that you have to have your wealth all in cash, but I think that there is kind of a minimum threshold of stability here. If I have billions in a diverse variety of investments such that even if I lose one I won't lose them all, that's pretty good. If I have them invested in a single bucket which is pretty stable, that's not as good but still reasonable. If I have billions in an investment that is fairly risky, then I may not deserve to be called a billionaire. If I have billions in dogecoin, then I'm not remotely qualified to be called a billionaire.
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