Gladianton t1_j2cnilq wrote on December 31, 2022 at 6:42 AM Reply to ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast They didn’t actually lose it. The more accurate way to say it is “the current market value of their assets decreased” by $400 billion. It’s called an unrealized loss. If they sold their assets at the deflated vale it would become a realized loss. Permalink 13
Gladianton t1_j2cnilq wrote
Reply to ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
They didn’t actually lose it. The more accurate way to say it is “the current market value of their assets decreased” by $400 billion. It’s called an unrealized loss.
If they sold their assets at the deflated vale it would become a realized loss.