How does the founder of a successful company instantly become super rich?
Let’s say I start a company from the ground up, then soon it becomes a multi-million dollar company. Now, even though I started it, all of the money is in the company. This happens all of the time, so do those founders just take lots of money from the company since they started it, or is most of it tied up in the company, and they are just rich because they own the company, and the money is technically theirs?
I could start a business that became a billion dollar business, but as a CEO, I could just have the company pay me a $hitty $20,000 a year salary, then I wouldn’t get rich until I sold the company. But you don’t really see that happening.
MONTE