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It makes sense that wealthy and powerful people would invest in popular companies. It makes sense that vaccine producers would be popular companies during two

• nuerow 5y ago
  > It makes sense that wealthy and powerful people would invest in popular companies. It should also be noted that even in the US, the bastion of economic liberalism and extreme capitalism, only 15% of all families own stock[1]. Also, it was reported a couple off days ago that 89% of all stock are owned by only 10% of americans[2]. So, Bill Gates owning stock is not relevant or meaningful. Lastly, Bill Gates at most invested 55 million on BioNTech[3]. We're talking about a guy whose fortune is evaluated at around 135 BILLION dollars. To put things in perspective, this is equivalent to a guy who has $1 million investing $350 on a company. Come on. [1] https://www.forbes.com/sites/teresaghilarducci/2020/08/31/most-americans-dont-have-a-real-stake-in-the-stock-market/?sh=672511df1154 https://www.forbes.com/sites/teresaghilarducci/2020/08/31/mo... [2] https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-... [3] https://investors.biontech.de/news-releases/news-release-details/biontech-announces-new-collaboration-develop-hiv-and/ https://investors.biontech.de/news-releases/news-release-det...