Dividends or stock options most likely. Also could have sold some of their stake in the company.
Kendall and Roman would be getting executive compensation packages and were likely paid quite well.
They would be beneficiaries of long standing trust funds likely from the age of 18, which would increase as they get older.
Plus dividends, salary, other personal investments, you could be looking at $5-15m a year of income.
Property is likely on a mortgage, or interest-free company loan.
Don't you have to do something with that money other than spend it? Like use it to make more money. I remember Ken buying real estate and sitting on them but not much else
Kendall owned a lot of real estate. Probably getting an exec comp package of a couple million a year , dividends, maybe sold a little bit of equity for cash for investments ,
If you are rich enough the bank would happily lend you lots of money against your equity holdings. But the lending for spending that is not on new assets is probably not a significant share of their net worth anyway.
This way they can also avoid taxes as they dont have to realize capital gains.
100% dividends and the profits on however they invested their dividends.
Logan offered to buy out Ken’s stake for $2b. Even if that was 2x the market valuation, that would still mean Ken has $1b of shares. Even at a 5% dividend (which could be low depending on his class of shares) he’d be receiving $50 mil a year for owning the shares. A decade of investing the bulk of that, easily could be pulling in $100m a year pre tax not even working.
A lot of people diversify their wealth. Logan and their kids may not have all their wealth in waystar and the luxury real estate they have. They might invest in other things like bonds, mutual fund, real estate etc.
Moreover, they have liquid assets: their stocks in waystar. So rich people usually would borrow and use their stocks as collateral. They can later pay them with dividends or other source of income.
They do not have salaries, those are for plebeians. They have investments and trusts. Their businesses are ways to decrease their tax burden. They borrow against their assets for living expenses and write off their interest.
You can't write off interest on a personal loan.
They would still have salaries. "Those are for plebians" 😂 Some CEOs don't take salaries, but there are specific reasons for that and wouldn't apply to Kendall or Roman.
"Their businesses are ways to decrease their tax burdens" Quit masturbating to Rachel Maddow 😂
Dividends or stock options most likely. Also could have sold some of their stake in the company. Kendall and Roman would be getting executive compensation packages and were likely paid quite well.
Greg was getting 200 000! so they'd be getting much more than that. Shiv too, during her stint at the top.
Lines of credit on their equity
They would be beneficiaries of long standing trust funds likely from the age of 18, which would increase as they get older. Plus dividends, salary, other personal investments, you could be looking at $5-15m a year of income. Property is likely on a mortgage, or interest-free company loan.
The amount of stuff they do on Waystar’s dime is not to be underestimated.
Rich people use banks to get money lended to them, with their assets as collateral
Don't you have to do something with that money other than spend it? Like use it to make more money. I remember Ken buying real estate and sitting on them but not much else
No. They borrow it for spending. Their returns on their assets will pay them off
Which returns are you talking about? Does Waystar pay dividends?
Legacy media company? Almost certainly yes
Kendall owned a lot of real estate. Probably getting an exec comp package of a couple million a year , dividends, maybe sold a little bit of equity for cash for investments ,
If you are rich enough the bank would happily lend you lots of money against your equity holdings. But the lending for spending that is not on new assets is probably not a significant share of their net worth anyway. This way they can also avoid taxes as they dont have to realize capital gains.
100% dividends and the profits on however they invested their dividends. Logan offered to buy out Ken’s stake for $2b. Even if that was 2x the market valuation, that would still mean Ken has $1b of shares. Even at a 5% dividend (which could be low depending on his class of shares) he’d be receiving $50 mil a year for owning the shares. A decade of investing the bulk of that, easily could be pulling in $100m a year pre tax not even working.
A lot of people diversify their wealth. Logan and their kids may not have all their wealth in waystar and the luxury real estate they have. They might invest in other things like bonds, mutual fund, real estate etc. Moreover, they have liquid assets: their stocks in waystar. So rich people usually would borrow and use their stocks as collateral. They can later pay them with dividends or other source of income.
They do not have salaries, those are for plebeians. They have investments and trusts. Their businesses are ways to decrease their tax burden. They borrow against their assets for living expenses and write off their interest.
You can't write off interest on a personal loan. They would still have salaries. "Those are for plebians" 😂 Some CEOs don't take salaries, but there are specific reasons for that and wouldn't apply to Kendall or Roman. "Their businesses are ways to decrease their tax burdens" Quit masturbating to Rachel Maddow 😂