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A person driving an expensive car might be leasing it, and a home listed at a high value could be burdened by a correspondingly large mortgage. She has successfully transitioned from a tech reviewer to a lifestyle icon, leveraging her intelligence, humor, and relatability. The billions in revenue and record profits reported in the years leading up to 2008 were the direct result of this strategy, involving heavy investments in mortgage-backed securities and real estate lending. Financially, he was likely a millionaire, perhaps even a multi-millionaire, on paper due to his investments and savings. This investment in tangible, real-world assets provided a crucial buffer against the uncertainties of the music business.
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