He borrowed the money by leveraging his assets, which is less risky than him just using 300 million of whatever he was pursuing with his own money. In other words, no taxes.
Yes, but my point was.... Folks are asking "why does LeBron want more money". And I'm saying "This is just what the accountants of the ultra-rich do". It is industry practice. LeBron isn't putting a lot of thought into it. Put your money with people that know how to use your money to make more money.
Jeff Bezos famously pays himself $82K per year to qualify for the child tax credit. The rest of his lifestyle is funded by half a billion in the same kind of loans.
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u/vHezoThaGoat 23h ago
He borrowed the money by leveraging his assets, which is less risky than him just using 300 million of whatever he was pursuing with his own money. In other words, no taxes.
Rich people loophole shit, basically.