ilmscore | Prediction Details
"Larry Ellison the founder of Oracle did the exact same thing he had access to 250 million shares of Oracle but if he sold those shares he'd have a big taxable event so instead of selling his shares and paying a whole bunch of money in taxes he used the value of his shares to go to the bank and open up a $9.7 billion dollar credit line"
By Minority Mindset | June 9, 2024 | Pending
From video
How Rich People Use Debt & Taxes To Get Rich(er) 00:06:58 - 00:07:17
Interpreted Prediction
Larry Ellison used the value of his Oracle shares to secure a $9.7 billion credit line instead of selling shares and incurring taxes.

Prediction Details

Topic
Larry Ellison's Tax Strategy

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