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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Here's Why Billionaires Like Elon Musk, Mark Zuckerberg Use Mortgages to Buy Mansions

Elon Musk Mark Zuckerberg Kevin OLeary Paris Hilton Robert Kiyosaki
Billionaires have most of their net worths tied into stocks and other assets with little cash on hand. (Credit: Screengrab from Facebook)

Billionaires including Elon Musk and Mark Zuckerberg are increasingly opting for massive mortgages to finance their luxury estates rather than paying with cash. While the average person views debt as a financial trap, the ultra-wealthy use leverage as a sophisticated mechanism to keep their capital working.

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