Question Want THIS bank balance?

Lamp

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David Tepper ATM receipt: 'Hedge fund manager' has $100m bank balance | Mail Online

article-0-0CCAE7DF00000578-387_468x456.jpg
 

Helme

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Time for some redistribution of wealth imo, only this time we should take it from this guys account rather than transferring ours to his.
 

Raven

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Why?

I wouldn't give any of my money to those that cba to earn it! (Except for charity donations ofc)
 

Bahumat

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Probably photoshopped. Or he scans his bank balance slip, photoshop's the total amount, prints it out and "accidentily" leaves it at the cash point.
 

old.user4556

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I call fake.

Why would anyone have that amount of money in a single account? Doesn't make a lot of sense.
 

ileks

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If anyone knows how to manage their wealth it's probably him :p
 

old.user4556

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Well exactly, doesn't make sense to me.
 

Lamp

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If you've got 4.2 billion, and you're a Wall St hotshot with numerous diverse investments, 100m cash is pocket change. But yes, 100m is still 100m and I wouldn't keep THAT amount in a single current a/c. Then again, I'll worry about it when I become a billionaire.
 

Cerb

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Sad that my bank balance more regularly resembles the amount he was taking out.
 

old.user4556

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"I would never do something as irresponsible as leaving $100 million in a savings account," he told The Post.

So. Like I said. Why would anyone have that amount of money in a single account?
 

pikeh

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Would have thought he'd have a decent camera to take a pic of it...
 

SilverHood

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The banks for the rich in the US (Charles Schwab etc) allow you to take out cash based on your stock portfolio. If he has $97 million USD in his portfolio, he can liquidate it at an ATM if he wants. Unlikely anyone has that much cash lying around, it would be the equivalent of throwing it out the window
 

Mey

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Also old school rich people (don't tend to see it set up for folk these days) have sweeps on their accounts, so basicly they can go in to the red or black as much as they like and then at the end of the day whatever the + or - balance is is sweeped across to another account either crediting it or debiting it to clear.
 

Ono

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Doesn't make sense to me. Any sensible person would not have that money sitting in cash. It would be immediately put into investment accounts.
 

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