He doesn't have that amount of money, that is the value of the stocks he owns. He would have to sell all of his stocks at current market value to have that amount. Instead he will use the stocks to get tax free loans from banks and the banks are on the hook if the stock crashes because that is the collateral for the loan.
He doesn't have that amount of money, that is the value of the stocks he owns. He would have to sell all of his stocks at current market value to have that amount. Instead he will use the stocks to get tax free loans from banks and the banks are on the hook if the stock crashes because that is the collateral for the loan.