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Not in the geometric sense -- which is more like how people tend to think of these things, whether explicitly or not. Suppose my wealth is $1 million, includin
by pmdulaney 6y ago
Not in the geometric sense -- which is more like how people tend to think of these things, whether explicitly or not.
Suppose my wealth is $1 million, including my house.
Then Elon Musk's wealth is 50/0.001 = 50,000 times greater than mine.
But Jeff Bezos's wealth is just 165/50 = 3.3 times greater than Musk's.
- mytailorisrich 6y agoYes. This is also because money brings diminishing returns: Average person to Musk is a huge leap, probably the biggest leap there is, but Musk to Bezos probably makes no practical difference.
- pmdulaney 6y agoI agree. It is also interesting to note that at 10% per annum Musk could turn his $50B into $165B in 13 years, whereas it would take 113 years for my $1M to grow to $50B.