>>13806912Debt is counted as negative net worth for purposes of calculating book value of a company. In a way, company profits are simply the change in company net value, so if a company takes a loan it also takes a debt, they add up to zero so money from loans is not considered income.
Point is people defend Bezos and Musk as if these were just very successful businessman, and they get zingers like "WELL JUST DONT BUT THEIR PRODUCT".
But it turns out their enterprises just lose money, and they have personally net worths many times higher than their total companies profits, which are negative.
Also theres this defense WELL PRIVATE INVESTORS JUST LIKE GIVING THEM MONEY.
But turns out the bulk of their money comes from pension funds which are funded at gunpoint by hundreds of millions of global workers, that are forced by law to invest some % of their salary in a pension fund, matched by their employer. You cannot just say "i would rather keep my money", so its illegal to not give your money to whatever techbros manage to get the spotlight.
