Net worth represents the total value of all assets minus liabilities, but it does not equal liquid cash available for daily expenses; a person can have a high net worth while having very little actual money in their bank account, as demonstrated by MrBeast who has a company valued at millions but keeps less than $1 million for himself despite being a 'paper billionaire.'
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MrBeast reveals he has less than 1,000,000 to his name...Added:
dollars for yourself despite being a paper billionaire. Why do you choose to operate that way?
>> It's funny talking about my personal finances cuz no one ever believes anything I say. So, I mean cuz they're like, "You're a billionaire." And I'm like, "That's net worth." I don't I have negative money right now. I'm borrowing money. That's how little money I have.
Um technically everyone watching this video has more money than me um in their bank account if you subtract the equity value of my company which doesn't buy me McDonald's in the morning or whatever.
But uh yeah, why do I choose to keep it that way? It's not I don't know. I just don't really think of it. I wake up. I just work and >> I mean I mean Jack guys guys I feel I feel like it's like uh um I think he's like talking to the financially uneducated in it. Like he could be borrowing money and doing some [ __ ] with his companies or whatever for like tax and what not and have a lot of [ __ ] into [ __ ] uh uh assets and and whatever and then buy a lot of stocks like >> my personal bank account if that makes sense. I have just >> Like you you can Jack he can turn he can turn some of this [ __ ] into liquidity anytime that he wants to. Like Jack it's it's it's like if I said, "I'm putting every time I get a paycheck I buy gold, okay? And I put gold in that little room. I got a big stack of [ __ ] gold bars." I go, "Guys, on paper I have like $20 to my name. And I got [ __ ] 60 mil of [ __ ] gold in there." But guys, I'm not a millionaire. I have $60 to my name. That's all I got. That's all I got. That's all I got.
>> progress done.
>> I mean yeah, I mean >> making the greatest videos possible and building the business as big as possible.
>> You said you you keep less than $1 million for yourself despite being a paper billionaire. Why do >> Cuz I found out he had 14 million in a single crypto account. See these guys are also uneducated in it. I mean bro, this guy says what the video says thinking that he's debunking it. 40 mil crypto would also be assets. That would all that would also be uh stocks like that that's still not liquidity.
>> do you choose to operate that way?
>> Do you like Feastables?
No.
Kill yourself.
>> [laughter] >> You know why Feastables Not really.
>> Do you like Feastables?
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