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This feels like a distraction. Summing the net worth, total assets, and assets under management of Zuckerberg, Musk, Thiel, Andreessen, Meta, Palantir, Paypal,
by SenAnder 3y ago
This feels like a distraction. Summing the net worth, total assets, and assets under management of Zuckerberg, Musk, Thiel, Andreessen, Meta, Palantir, Paypal, Tesla, and Andreessen Horowitz, one gets $729.2 billion. This is certainly an over-estimate, since by counting e.g. Meta and Zuckerberg's assets independently, we're double-counting their wealth.
The famous Rothschild family is estimated to be worth around $400 billion [1,2] (oddly, the Snopes article on their wealth debunks one too-high claim of it, but doesn't replace it with any other number, except the yearly revenue of one of their businesses [3]).
The top 4 asset management firms manage $26.3 trillion [4]. While this is not the same as owning those assets, it still makes them exceptionally powerful. Compared to them, the wealth of these billionaires and banking families is a rounding error. We focus on the "tech" moguls because they're the most visible, not because they're the most powerful or richest.
[1] https://www.celebritynetworth.com/richest-businessmen/rothschild-family-net-worth/ https://www.celebritynetworth.com/richest-businessmen/rothsc...
[2] https://jewishbusinessnews.com/2022/04/18/are-the-rothschilds-the-worlds-wealthiest-family/ https://jewishbusinessnews.com/2022/04/18/are-the-rothschild...
[3] https://www.snopes.com/fact-check/rothschild-family-wealth/ https://www.snopes.com/fact-check/rothschild-family-wealth/
[4] https://en.wikipedia.org/wiki/List_of_asset_management_firms https://en.wikipedia.org/wiki/List_of_asset_management_firms