Elon Musk says he doesn’t have a “big pile of cash.”
And technically, he’s right.
Most of his wealth is tied up in stocks, mainly Tesla and SpaceX.
Here’s where it gets interesting:
1️⃣ His stocks go up in value → His net worth increases massively.
2️⃣ He doesn’t sell the stocks → No cash is realized from that gain.
3️⃣ Instead of selling, he can use those shares as collateral to borrow money.
4️⃣ He gets access to billions in cash without necessarily selling his ownership.
5️⃣ Then he c...