Comment by 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.
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.
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.
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.
He can get millions, but he can't get his entire net worth. His net worth is quoted as if the marginal price of one Meta share is the price you'd get for selling every Meta share at once. Which of course doesn't make sense.
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