4 ms·
I wonder if there's really a difference between the wealth of these ultra-rich people, besides a different number. I.e. is there anything someone with 200B can
by saganus 6y ago
I wonder if there's really a difference between the wealth of these ultra-rich people, besides a different number.
I.e. is there anything someone with 200B can do that someone with "only" 50B can't?
Putin and the Saudi king are probably in a different category as they don't "just" have ultra-wealth, but also political power (as heads of countries), military at their disposal, etc.
But, say, between Jeff Bezos, Warren Buffet, Elon Musk, Bill Gates, et al? (I know they don't have all their wealth in cash, which might change things a bit. But still)
Perhaps my imagination is lacking?
Edit: Also, I wonder how long before the ultra-rich start spending in truly extravagant projects, besides just bigger boats. I would imagine that by now someone besides Elon would be designing/building their own personal space station or something like that..
- bidirectional 6y agoI personally don't get the Putin thing, at all (nor does it seem to be well sourced). Saudi Arabia is an absolute monarchy, so of course the royal family can effectively use the nation's money as their bank account. But why and how would Putin amass hundreds of billions privately? A few billion is enough to meet any personal needs if he retires, and he currently has extreme political power. What would his holdings look like and how would they be so well hidden? The only way to reach a 10 or 11 figure net worth in the West is to own a lot of a public company.
- imglorp 6y agoThe allegation is that he gets a cut of every business in Russia, or else.