Comment by astrange

4 months ago

The US doesn't have oligarchs except maybe Alex Karp.

Oligarch is a specific thing with a specific meaning.

5 comments

astrange

Reply
NickC25  4 months ago

Bezos, Ellison, and Zuck combined have over $1 trillion in net worth.

That alone places a combined 3 people with more money than the GDP of all but 20 countries.

  • astrange  4 months ago

    And they are not oligarchs because that's not what that word means.

    Also, "net worth" is not "money". Shares of a company aren't money.

    • NickC25  4 months ago

      Shares of a company are indeed money - or can be used as money in a roundabout way.

      They can be placed as collateral in exchange for a loan or other similar ways to access capital immediately.

      If Zuck walks into a bank and asks for a million dollars cash on the spot and is willing to place a few thousand shares up as collateral, he gets that done in minutes.

      2 replies →