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Reply #35: Not really [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Ellis Wyatt Donating Member (328 posts) Send PM | Profile | Ignore Thu Nov-30-06 04:38 PM
Response to Reply #33
35. Not really
They get some stock options, but was a % of their overall net work, it's nominal. The reason they are worth a billion dollars and more is because they founded their companies, owned 100% of it, and sold off various chunks to venture capitalists, gave some to employees, sold off to the stock market.

Their net worth is from selling a stock that is only worth a penny because they created the company. Entrepreneurs' net worth is mostly comprised (the vast majority) of equity in the companies they created. Their net worth that isn't held in their old company is mostly that way because they sold off some of their own company, and bought other stuff to diversify
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