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It would be interesting to see Forbes 400 adjusted for local economy. For instance, Warren Buffett who spends most of his time in Omaha certainly gets more bang
by smallegan 15y ago
It would be interesting to see Forbes 400 adjusted for local economy. For instance, Warren Buffett who spends most of his time in Omaha certainly gets more bang for his buck than the Billionaires that live in Silicon Valley.
- wan23 15y agoOnce you're at that level, differences between local economies are such a small percentage of your net worth that it really doesn't matter.
- cellis 15y agoExactly. Billionaires are truly international citizens, shifting their wealth to the most amenable climates (often literally, e.g. Florida), so few of them will be truly invested enough in a certain locale for cost of living to matter. And if they are, well then they own the entire town, so they definitely don't care.