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2025-08-20 16:43:52 UTC
in reply to

Amgine on Nostr: I suspect, for most people whose net worth is in the top 10%, they have very few real ...

I suspect, for most people whose net worth is in the top 10%, they have very few real assets in their own name. Most will be owned by holding companies, which in turn they own. It is rather like bullion: few people stockpile it at home; instead they own paper which says they own gold stored in Fort Knox.

Ultimately it means *they* are mobile, and they can trade/sell their shell company shares if that makes financial sense for their goals.