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I have a conspiracy theory that Forbes created the rich list Which intentionally does not have despots oligarchs or royals to skew the conversation to a busine
by slifin 5y ago
I have a conspiracy theory that Forbes created the rich list
Which intentionally does not have despots oligarchs or royals to skew the conversation to a business matter which can get lost in the left/right divide
- vmception 5y agoThe Forbes rich list has some criteria such as from their own revenue or share prices. Basically private market generated wealth. There are exceptions and the line gets blurred really quickly, but thats their stated goal.
- Ekaros 5y agoPretty simple with public companies. With private companies and current market it really does get messy. I'm thinking about Valve and how much higher it would be priced on public market compared to private... And that can't be only case. So the private market is quite dark place...
- vmception 5y agoYes, and most people aren't actually trying to be on the rich list. When I was in Monaco people were saying leave the bragging to the Americans. There is no transparency in the markets, thats also a distinctly American half-goal.
- sig-reduction 5y agoOP's conspiracy theory is absolutely true. There is a whole thread of academic research estimating the right tail of the wealth distribution (spoiler: the Fed household finances microdata is garbage). Diff the Bloomberg and Forbes rich lists... they're not the same list. One oligarch on those lists had their estimated net worth double after the Appleby leaks turned up some trusts. I'm pretty sure Bloomberg just calls people up and asks them how much they have.
- azinman2 5y agoI guess it depends on where peoples wealth comes from. It’s probably far easier to estimate Zuckerberg and Bezos when you know it’s tied to a publicly traded company than if it’s all private. I have a good friend who is a billionaire that laughs at these lists knowing they know nothing about his money (not a public company), where it comes from, and where it lives.
- raziel2701 5y agoYup, Mexico has a ton of wealthy people because of drugs, you don't see their names on these lists.
- YinglingLight 5y agoThe investor class, the salary class (us), the wage class, the welfare class. Every outcry for equality that doesn't speak in these terms is manufactured by the investor class. Occupy WallStreet scared the bejeezus out of them. We now have Critical Race Theory to divide us, Woke-ism, etc.
- deleted 5y ago[deleted]
- lifeisstillgood 5y agoNow that is a good conspiracy theory :-)
- michael1999 5y agoThe don’t list family trusts either. So multi-billionaire families like the Rockafellers and the Rothchilds aren’t there.