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Please provide a list of all multi-billionaires who have somehow managed to lose any significant portion of their wealth outside of a divorce combined with bad
by bayarearefugee 8mo ago
Please provide a list of all multi-billionaires who have somehow managed to lose any significant portion of their wealth outside of a divorce combined with bad marriage planning. And even in those rare cases, they don't approach bankruptcy.
It isn't that they get bailed out by the government (like the banks in 2008), it is that at the scale of their wealth there is no realistic way to lose it fast enough to make any significant negative difference when the neutral state of wealth at that scale is to snowball ever larger (mostly because we refuse to tax it appropriately).
- ojbyrne 8mo agoIn the ballpark ($2-4 billion in the 1970s): https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/ https://priceonomics.com/how-the-hunt-brothers-cornered-the-...
- gruez 8mo agoYour original comment involved claims of "infinite money glitch". Now you're walking it back to "rich people are rich"?
- linkregister 8mo agoTen Billionaires Who Went Broke https://finance.yahoo.com/news/10-billionaires-went-broke-154453290.html https://finance.yahoo.com/news/10-billionaires-went-broke-15...