The world’s wealthiest eight men control net wealth of $426 billion, based on estimates from Forbes.
Took me until this sentence to realize this article was from 2017. Muskrat is getting close to that all by himself - I saw something the other day that had him around $350 billion.
I’m sure the numbers are much much worse than they were 8 years ago.
Elon musk has between $470B-$500B to his name, according to bloomberg and forbes. That would make him richer than the world’s wealthiest 8 men in 2017.
That is not cash though. That is accumulated paper assets. I know people with million dollar net worths on paper that are broke in reality. As in unable to pay their bills. Assets and liquidity are separate things.
While I understand the point of rampant enshittification and capitalism, I thought that needs some clarity.
Not necessarily. I mean sort of. Yeah. However there arent always buyers, especially who will pay total asking price and or close to it. Some situation call for much lower pricing. It’s all about what the asset is and timing. It’s more of a theoretical value more so than anything. He could leverage credit against the asset amount but it’s dependent on a lot of factors.
Took me until this sentence to realize this article was from 2017. Muskrat is getting close to that all by himself - I saw something the other day that had him around $350 billion.
I’m sure the numbers are much much worse than they were 8 years ago.
Elon musk has between $470B-$500B to his name, according to bloomberg and forbes. That would make him richer than the world’s wealthiest 8 men in 2017.
https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk
I am totally on board this is my pre face.
That is not cash though. That is accumulated paper assets. I know people with million dollar net worths on paper that are broke in reality. As in unable to pay their bills. Assets and liquidity are separate things.
While I understand the point of rampant enshittification and capitalism, I thought that needs some clarity.
Can’t those assets be sold for theoretically the amount of money they’re worth?
Not necessarily. I mean sort of. Yeah. However there arent always buyers, especially who will pay total asking price and or close to it. Some situation call for much lower pricing. It’s all about what the asset is and timing. It’s more of a theoretical value more so than anything. He could leverage credit against the asset amount but it’s dependent on a lot of factors.
Top 3 today are just shy of 1 trillion dollars…
This list doesn’t include hidden wealth does it? Like Putin for example.
Hasn’t the USD also decreased in value since then? Actually a good way to “make more billionaires”
Yes. Yes they are.