4 ms·
Noticed this as well. Speaks volumes of the levels of wealth creation we are seeing in the present. Just 10 years ago, the largest company by market cap was ju
by TheRealNGenius 5y ago
Noticed this as well. Speaks volumes of the levels of wealth creation we are seeing in the present.
Just 10 years ago, the largest company by market cap was just shy of 400B; the richest man ~70B. Now, top 10 are all routinely above both according to wikipedia. Unicorns will probably give way to Trilobites at this rate ;). Definitely real, but no less elusive in the present day.
In the same vein that being a millionaire is no longer as rare as it used to be, I can envision being a billionaire may go the same way in my lifetime. Inflationary pressures or otherwise, it points in part to the futility of directly comparing wealth across time periods, as future generations are able to tap into more leverage from whatever emerging technologies arise.