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He’s only the near-richest man in theory. If he tried to convert all of his company ownership into cash, the company value would crash so fast that he would pro
by sjwright 6y ago
He’s only the near-richest man in theory. If he tried to convert all of his company ownership into cash, the company value would crash so fast that he would probably be lucky to actually recover one fifth of his theoretical wealth.
- cycomanic 6y agoThat's a stupid argument, because none of the people on the richest people lists have any significant portion of wealth in liquid assets. Wealth for good reason is not defined as amount of cash you own.
- mkoubaa 6y agoThe richest people list do not include those who are good at hiding their wealth
- whimsicalism 6y agoWho is richer than Bezos because they have so much cash stashed away, pray tell?
- sjwright 6y agoIt’s not an argument, just an observation that you can’t eat Tesla shares. You seem to be replying as though I’m saying he’s not wealthy? Obviously he’s extremely wealthy by any definition. But most ultra-wealthy people are a LOT more diversified in their portfolio than Musk is. Someone with a diverse portfolio stands more chance of being able to functionally realise their wealth—if, say, they wanted to donate a large chunk of it to some charitable cause. An argument could be made that Buffet is far and away the richest person (in terms of realisable wealth) due to his highly diverse holdings.