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inaccurate or incomplete ? The latter is to be expected. Forbes only covers certain type of wealthy people for logistical if not also political reasons. It do
by manquer 2y ago
inaccurate or incomplete ?
The latter is to be expected. Forbes only covers certain type of wealthy people for logistical if not also political reasons.
It does not cover powerful people who control enormous wealth but ownership maybe murky what is personal wealth and what is state owned, royal families or dictators like Putin or Kim Jong Un or their extended family will never make the list.
Beyond those kind of people, the murky and opaque ways that money can hidden also means it is hard to track estates that did not come from publicly made fortunes (ex: from listed company etc) that can be somewhat easily tracked.
Even when public like Bitcoin and crypto, Nakomoto 's estimated ~1.1M bitcoins is worth $70B today, nobody knows who he is. There haven't been any transfers from those addresses, however that doesn't mean a part of that enormous fortune is outside the bitcoin ecosystem as real money, the owner of the wallet could be using them as security for large loans like Elon (or other rich people typically do ) does with their stock without actually selling it to minimize tax.
- yieldcrv 2y agook but yes inaccurate was the accurate word choice I wasnt talking state actors and unlinked crypto fortunes Just wealth from opaque sources and opaque vehicles All limited partners in Venture/Hedge/PE funds are opaque for example
- chgs 2y agoOn the other hand perhaps the keys to that 70B have been lost, in which case bitcoin has deflated even more than expected.