3 ms·
The whole arab league GDP (which is whole arab countries not only golf) is about 3.5T [1] which is a little bit over half of this amount. Too much is understate
by bluish29 3y ago
The whole arab league GDP (which is whole arab countries not only golf) is about 3.5T [1] which is a little bit over half of this amount. Too much is understatement.
[1] https://en.m.wikipedia.org/wiki/List_of_Arab_League_countries_by_GDP_(nominal) https://en.m.wikipedia.org/wiki/List_of_Arab_League_countrie...
- nabla9 3y agoGulf states sovereign wealth funds have about $3.7T in total assets. They would have to sell 50% of the assets to get 25% share in Sam Altman's new project.
- onlyrealcuzzo 3y agoIf they tried to sell all $3.7T at once - they'd be lucky to end up with $2.5T.
- cma 3y agoMaybe they just transfer them, first trillion+ barter based fundraising round?
- onlyrealcuzzo 3y agoAt some point, someone usually wants cash instead of shares in Neom (usually quickly), and you need to liquidate those shares for cash, affecting the valuation of said speculative assets.
- Der_Einzige 3y agoSlightly less than related, but sovereign wealth funds can pay absolutely insane amounts of money for the talent that they want. FAANG is far from the end game for truly talented developers.
- nabla9 3y agoWhat's even better, they are not good at recognizing talent. They are incompetent. When some has reputation of being a talent, or appears to be talented catch, they throw money and perks.
- ithkuil 3y agoWho is "they" ? Sovereign funds or faang?
- deleted 3y ago[deleted]
- creativeSlumber 3y agoany examples?
- petesergeant 3y ago> FAANG is far from the end game for truly talented developers. I’ve spent the last 18 months in UAE, pretty well networked into Oxford and Cambridge university alumni networks, and never heard any suggestion of this. The team behind Falcon in AD seem to pay pretty well, but not FAANG.