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To put things in perspective, a billion is a thousand million. The Waltons are worth 215,000 million dollars. A relatively few lucky Americans may acquire a fe
by js2 6y ago
To put things in perspective, a billion is a thousand million. The Waltons are worth 215,000 million dollars.
A relatively few lucky Americans may acquire a few million over their entire careers. I am a well paid developer who's had a number of good breaks and I hope to have that much some day for retirement.
215B is an unimaginable amount of wealth.
- bravo22 6y agoThey're worth that. It doesn't mean anything until that is converted into cash. So their wealth increase or decrease isn't coming at the expense of everyone else. It is a reflection of the secondary effect of millions of other economic decisions made by others.
- lotsofpulp 6y agoThese are all clickbait articles that multiply equity * most recent sale price and make grandiose claims out of it. The real story would be how economies of scale and technological efficiencies, and now coronavirus lockdown effects have driven even more business to the already biggest businesses, and what to do about that.
- bravo22 6y agoEDIT: Not sure about the downvotes. It is a factual statement. Their increasing wealth is a reflection of other broken parts of the economy.