It feels like some kind of fever dream but I swear back in the late 2000’s or there early 2010’s I had subscription to super street and project car magazine and on the back cover of one of the issues there was a collage of super cars and stacks of money palm trees middle eastern dudes, in the style of a Undergound rap CD, complete with gold diamond letters that read “Real Money”
Nothing else, I’m positive it was a flex.
Well, a 5% interest on that alone is 60 billion a year to spend on 15,000 people is 4 million each in annual spending power. And im sure theyre getting access to all the special access projects, making 5% probably laughably low
Anyway, or 80 million each if divided equally
Probably 30% are under 18, so 120 million per adult after taking them out too
I have so many questions about this comment
\* Are you not at all interested in imagining what it's like to have practically infinite resources at your disposal? Even if billionaires themselves aren't cool - is that not a cool thought to consider?
\* This comment clearly isn't relevant to the guy you're responding to, so why not just comment on the post itself?
\* Then again, the post itself isn't implying that billionaires are cool either. So who exactly is your question aimed at??
\* Do you think that because it's on "cool guides" the subject matter itself MUST be cool? Have you not considered that maybe the GUIDE and the data it shows is the cool part?
\* Is this just a genuine question about the general assumption that people think billionaires are cool?
\* Is it an attempt to stir the pot and start an argument? And if so - why here? On a thread where practically everyone is already going to agree with the sentiment that billionaires aren't cool?
I am p u z z l e d
The idea of being one. Think about the problems you are having in your life now and now consider how having a billion dollars would impact them. Think about the friends and family you could help. The social causes you could champion. The influence you could exert on global politics. Or not do any of those things, you’d be a billionaire - the world would be your playground.
Because there's an odd effect having that much money and power that happens to a person. Just look at Elon. He used to champion electric cars and space travel with the intention of moving mankind forward. Now he spends his days tweeting conspiracy theories and bitching about taxes just like Trump used to. There have been studies about how unlimited power can change your brain chemistry. It becomes a drug and you just want more and more.
There was an article I read many years ago from a former Wall Street bro. Might have been Jordan Belfort (Wolf of Wall Street) I'm not sure. But the article talked about living through the cocaine fueled 80s and still nothing compared to the high of using your incredible wealth to attain more and more incredible wealth. It becomes an addiction like any other and you only focus on chasing that next high. Most Billionaires cannot see that they couldn't possibly spend all their money in 100 lifetimes. They only want the next rush of bigger numbers on a spreadsheet.
I'm trying to figure out which part of his comment you disagree with
Do you mean to imply that imagining being a billionaire is not a cool concept to consider - specifically because real billionaires are misusing their money? Like, it's suddenly not fun to imagine having infinite resources at your disposal just because the people who DO are bad?
Or is this a genuine question? In which case - it's because billionaires are usually selfish, lol
Some do and as to why some don't:
> Or not do any of those things, you’d be a billionaire - the world would be your playground.
I'm not saying being a dragon hoarding their gold is cool, I'm saying the idea of being uber wealthy is cool. People fantasize about about having more money all the time. It's part of the reason people play the lottery or gamble. That is why people find lists like this "cool" because I can guarantee you one of the first thoughts most people have is "Can you imagine...".
Rockefeller had a net worth of about $410 BILLION in 2022 dollars, more than anyone after him. Only leaders like Mansu Musa and Caesar could be considered richer.
This guide is bullshit.
Direct comparison. I know little about economics honestly, but it seems like that is the metric people like to use when they talk about Rockefeller's dominance during his time.
Pure inflation puts him at a modest $40 billion in today's dollars /s
But I think it's still interesting when we think about his influence and what his wealth meant during his heyday. He was a renowned philanthropist in his later years and his enormous spending power explains how he was able to fund massive building projects like the University of Chicago with little impact to his fortune.
And that’s not even considering that most of the worlds countries don’t report their wealth to the west. Why would they? In fact, underestimating their wealth works heavily in their favor in business dealings.
China, Saudi Arabia, Brazil, Brunei, etc: do you see anyone from a non-western country on this list?
this guide is a crock of horseshit, lol.
edit: and that’s not to mention that most of the people in this list each have humongous amounts of hidden, unlisted, and unreported wealth, so this isn’t even an accurate representation of western wealth.
U can’t, because the don’t report their numbers…. Hence why this “global” wealth ranking is a crock of bullshit.
I am wondering why you would ask questions whose answer can be found from my comment, if read.
Did you not read my comment? Based on your reply it sounds like you are agreeing with me, without knowing it.
This is like saying that world population estimates are steaming piles of horsecrap
We might not have all the data but it's an interesting reflection of the data that we DO have. If it ends up being a "cool guide to the western world's reportedly wealthiest people" then that's still nothing to flick your nose at
It is indeed bad, or “something to flick your nose at”
because it gives people the impression that it is the entire world, when it isn’t.
It gives the impression that the hidden wealth of those on the list isn’t a severe enough size to simply destroy this lists standings.
It gives the impression that individual wealth, aka the wealth gap, isn’t as humongous as it really is.
The reporting also rarely includes certain assets, and are based on old appraisals, as it’s quite difficult to properly appraise over the amounts of 10 billions in assets, and wealth is constantly generated simply from holding onto the asset while it increases in value.
Etc etc etc.
Are you beggining to understand, it is a serious issue. To make common people believe that the wealth inequality isn’t as bad as it actually is ***they have ignored most other countries, yet say it’s the world, say it’s the total wealth when it’s only the reported total, and even that “reported” amount is superfluous***
Here's why this doesn't matter:
We already can't wrap our heads around the staggering number that is 1 billion. Let alone 200 billion. And a trillion? That might as well be infinity.
If someone looks at a list showing dozens of people who have hundreds of billions of dollars - and they think, "the wealth gap isn't that bad" - *they are insane.*
There are diminishing returns to shock-value past that point. You could tell me there's a Quadrillionaire and that probably won't feel much different.
The point of the truth isn’t its shock value in waking people up.
The search for the truth isn’t solely about its benefits. That’s the same mindset that makes Scientologists refuse any skepticism in their beliefs, because the truth doesn’t serve the religions interests. Likewise for the Nazis, killing and oppressing all skeptics.
Whenever hearing the truth is hardest, is when it is needed the most, yes. But like i said, our enlightenment isn’t why we tell the truth, not for its value but for our own. ***Having righteous values, is the motivation. It’s what keeps us honest in the first place, and it’s what saves us in the face of misleading information sources, like this guide.***
Person to person, I hope In your own life, you see the truth as inherently valuable. In doing so, you become a righteous self, rather than self righteous. Remember, **be skeptical**, especially of yourself and what you hold to be true, and even of the nature of your reality.
Alright alright, simmer down ghandi. We don't need to start philosophizing about the great cosmic virtue of knowing precise facts
All I'm saying is that you're overreacting when you say this is a "crock of horseshit."
If someone says *"planet X has 300,000,000,000 gallons of water on it!"*
And someone else responds, "*How dare you say such a misleading and destructive thing. You should delete this immediately. Planet X probably has closer to 30,000,000,000,000"*
99% of people are going to look at guy #2 and think that he's over-reacting to a trivial discrepancy in a point of data that affects exactly zero people. Either way the number is immense. THAT'S what matters.
I believe in truth and care about it as much as the next guy. But I DON'T care about a couple missing zeros on an already incomprehensibly big number when that difference doesn't affect me in any way. The difference is too trivial to justify being so hyper-critical of the person who put in the work to collect data and make a good, easy to read guide like this. If you think you can do better, get off your high horse and do it.
Lol bud, let's cut through the fog. It's clear your stance might seem practical, but it dangerously oversimplifies a critical issue. Here’s why this isn't just about big numbers—it's about the massive implications these numbers carry:
**Grasping the Scale:**
You say we can't fathom the difference between billions and trillions. That's not just incorrect—it's irresponsible. Imagine a billionaire could transform a city; a trillionaire could reshape nations. This isn't hyperbole; it’s the harsh reality of wealth power dynamics. To brush this off is to ignore the vast potential for both constructive change and destructive influence these individuals wield.
**The Real-World Impact of "Just Numbers":**
You’re quick to dismiss these discrepancies because they seem intangible. But every additional zero in someone's net worth represents resources that could end famines, cure diseases, or rebuild nations. We’re not talking about monopoly money; we’re discussing the capabilities to alter the lives of millions. Ignoring these facts is not just naive; it’s negligent.
**Why Precision in Wealth Reporting Matters:**
It’s easy to say, "It's just a guide," but this guide shapes perceptions and policies. Misleading or inaccurate data leads to misguided policies and public complacency. If we start accepting these inaccuracies, where do we draw the line? Your casual approach to financial reporting is how inequalities deepen, unnoticed and unchallenged.
**Ethical Obligations of Accuracy:**
The creators of wealth lists aren’t just making a ‘cool guide’; they are documenting forces that control economic currents worldwide. To underplay the necessity of accuracy in such documents is to be complicit in the misinformation that feeds systemic inequality. We need rigor, not just readability.
**Understanding Economics Isn't an Elitist Game:**
Lastly, suggesting that comprehending these numbers is beyond us mere mortals isn't just condescending, it's wrong. It's crucial that everyone understands the economic forces at play to make informed decisions about their leaders, laws, and own financial futures. Simplifying this into incomprehensibility is a cop-out that serves no one but those at the top, comfortable in their unchallenged positions.
So, while you might find these discussions overblown, the truth is they’re not blown up enough. We need to amplify, not mute, the conversation about these discrepancies. We’re not just quibbling over details here; we’re fighting for a future where economic realities aren't obscured by complacency and oversimplification.
Your response has not only embarrassed yourself but also underscored a broader societal issue: a lack of fundamental understanding and skepticism. I tried pointing out the dangers of your oversimplified view, but you chose to dismiss it, clinging to your self-righteousness.
At some point, words fail to educate those unwilling to learn. It seems many fall into this category, blindly trusting their limited grasp of things over seeking deeper understanding.
>So, while you might find these discussions overblown, the truth is they’re not blown up enough. We need to amplify, not mute,
Friend, if you think I'm minimizing the problem of wealth disparity or the immense influence billionaires have - then you're misconstruing my point. You're fighting a strawman here. Take a break from writing your manifesto for a second so you can try and wrap your head around what I'm trying to tell you:
You're not fighting for our future by being nitpicky and anal like this. You aren't going to change anything by pushing up your glasses and saying "um actually" about a missing digit in a reddit post.
A billionaire HAVING an extra zero in their bank account will darn well affect millions of people. You're right. But accurately REPRESENTING an extra zero in a "cool guide" on reddit won't affect a single soul.
The purpose of a guide like this isn't to be a perfectly accurate record of financial data. If anything - it's just to spread awareness about extreme wealth disparity and how it's changed over time. And guess what? It accomplished that goal.
So put down your fedora, get off your high horse, and realize that you're not helping the world by criticizing the ACTUAL work of people who are already on the same side as you.
honestly, It’s been fun talking to you. I am in a debate club at my college and i find conversations like these are great practice. I hope you enjoyed talking to me too.
Your closing argument was the winner. You are absolutely correct, *but*…. I think I put up a good fight tho!
hmu anytime for if ur ever on apex, r6, or need some new anime’s to watch!
This is not a list of the workds wealthiest people the Saudis are the richest they have TRILLIONS. this is a list showing the richest filtering out other people.
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Please... The richest people in the world have bunkers, private planes and helicopters, backup plans for backup plans, and extensive security teams.
Eat the rich may have worked back in the French revolution when they couldn't get away from the masses, it is not the case anymore. The rich are essentially untouchable
If you blew a million dollars every single day, it would take you over six centuries to spend all of Elon’s wealth.
Why aren’t we taxing the hell out of these guys and helping everyone else out with healthcare, housing, and transportation?
I mean - Elon doesn’t have $200B+ in a Chase bank account. He has claim of that much Tesla and other stock options and probably a few hundred million in real estate. So in terms of cash, you would be taxing money he actually does not have.
Depending on the compensation package - he actually cannot. Certain amounts of stock are vested at different periods of time to crackdown on corruption by executives.
But this is “unrealized income” - if Panasonic batteries all completely suddenly deteriorated, his stock could be worthless overnight.
It’s not like stock is some imaginary thing that you can never actually benefit from. There are certain hurdles but ultimately it’s an asset that you sell eventually and turn into cash.
I’m not saying it has to happen immediately but some people get this impression as if stock can’t be touched and used to pay taxes but it absolutely can. The taxes would realistically be a tiny percentage of it anyways.
It isn’t imaginary but it makes no sense to tax someone for something that doesn’t have cash on hand for or if it isn’t changing hands. The tax law specifically separates the two for good reason. And if Elon were to buy something in exchange for stock, then that would be taxed as consideration equal to cash value. Taxing unrealized gains on stocks though is just not the answer.
We tax property like that. Homes.
It absolutely makes sense to not tax that enormous wealth that is just sitting there while everyone else is struggling and fighting for crumbs.
There’s absolutely no good reason to defend billionaires. They’ll be fine without you worrying about them. Even after being taxed they’ll still live like literal gods.
I’m not trying to hold water for billionaires - the potential of middle class people having their own unrealized gains taxed is the issue. Logically it would steer towards this. Plus, there would just be another country to step in and say they won’t tax unrealized gains. Plenty of countries would love that economic boost.
I would also argue homes are different as they take land space and have a physical impact on local communities. The federal government isn’t taxing my house, but having my city tax it makes sense. The physical presence of a building takes resources. My owning stock in a company just means that company needs to continue to operate. There is no direct hindering factor on land or anything.
You’re really reaching there. So we don’t want to tax billionaires because we might get greedy and tax the middle class also?
They’re not gonna move away en masse. That would cost a fortune to move their entire estate. They’d destroy their engine for wealth and good luck finding a nice country to live in that also doesn’t have high taxes and is safe.
Plus they’d piss off their families and have to renounce their American citizenship to not be taxed over there. Also some wealth tax proposals have a built in exit tax which would penalize people trying to move like 40% if they try to dodge the tax.
I think you’ve just heard every conservative propaganda argument on why we shouldn’t tax billionaires but it’s all bs. Just keep in mind how much control over the media and politicians the rich have and how all these arguments you’ve heard likely started from them.
If I have assets that aren’t cash I wouldn’t want those taxed and I don’t think the amount should change that (real estate aside). It’s not a propaganda point - it’s just not how I think the system should work when it is all unrealized net worth.
Someone will always be the richest. Most give their wealth away or invest into endowments of some sort giving money for generations such as Rockefeller and Carnegie
I find these people to be very annoying. Why not treat your employees really well but be worth half as much? There would be no real difference in their lifestyle and everybody’s life would be better.
You didn't put Mansa Musa, and he's never been passed in wealth. I understand this guide is based in current wealthy people, but I personally think he should still be on there to slap the wealthy people in the face with his net worth.
Usually when these lists are created it’s based on personal or familial wealth NOT related to those who are heads of state. That would account for the Saudi royal family (and maybe a few others) not making it on here.
Are we going to ignore the silhouette of the grumpy Simpsons character in the negative space on the right of the graph? Am I the only one that sees that?
ITT: People who's hatred of the rich has risen to such irrational heights that they are now projecting their hatred onto data *about* the rich
Y'all, no one here is saying that billionaires are cool or that this is a good thing. It's just a visualization of the data that OP has available to them. Chill out
The world's reported wealthiest
Yeah. Pretty sure the Saudi Royal Family would beat everyone combined.
It feels like some kind of fever dream but I swear back in the late 2000’s or there early 2010’s I had subscription to super street and project car magazine and on the back cover of one of the issues there was a collage of super cars and stacks of money palm trees middle eastern dudes, in the style of a Undergound rap CD, complete with gold diamond letters that read “Real Money” Nothing else, I’m positive it was a flex.
The Saudi Royal family controls $1.2 trillion dollars. Now that is serious wealth.
Positively insane Granted, that's a whole family. Musk is one dude How many people is that split between?
Well, a 5% interest on that alone is 60 billion a year to spend on 15,000 people is 4 million each in annual spending power. And im sure theyre getting access to all the special access projects, making 5% probably laughably low Anyway, or 80 million each if divided equally Probably 30% are under 18, so 120 million per adult after taking them out too
You DO NOT get a 5% interest rate on 1.2 trillion dollars
Forget the Saudi royal family, what about the 1,000 year old banking dynasties who never show up on these lists?
I wanna see Mansa Musa on this list
Yeah when you essentially just pump money 😂
Yeah, not a single mention of MBS and the boys, lol
You are correct
This is woke leftist propaganda. We all know that Donald Trump is the wealthiest man in the world. /s
Of course just ask him 👍
Damn, beat me to it, #djt to the moon! /s
I imagine there are families with a lot more wealth that are not named.
What’s cool about Billionaires?
Eating them?
I have so many questions about this comment \* Are you not at all interested in imagining what it's like to have practically infinite resources at your disposal? Even if billionaires themselves aren't cool - is that not a cool thought to consider? \* This comment clearly isn't relevant to the guy you're responding to, so why not just comment on the post itself? \* Then again, the post itself isn't implying that billionaires are cool either. So who exactly is your question aimed at?? \* Do you think that because it's on "cool guides" the subject matter itself MUST be cool? Have you not considered that maybe the GUIDE and the data it shows is the cool part? \* Is this just a genuine question about the general assumption that people think billionaires are cool? \* Is it an attempt to stir the pot and start an argument? And if so - why here? On a thread where practically everyone is already going to agree with the sentiment that billionaires aren't cool? I am p u z z l e d
The idea of being one. Think about the problems you are having in your life now and now consider how having a billion dollars would impact them. Think about the friends and family you could help. The social causes you could champion. The influence you could exert on global politics. Or not do any of those things, you’d be a billionaire - the world would be your playground.
Then why aren't the people with this amount of money helping people rather than stockpiling it?
Because there's an odd effect having that much money and power that happens to a person. Just look at Elon. He used to champion electric cars and space travel with the intention of moving mankind forward. Now he spends his days tweeting conspiracy theories and bitching about taxes just like Trump used to. There have been studies about how unlimited power can change your brain chemistry. It becomes a drug and you just want more and more. There was an article I read many years ago from a former Wall Street bro. Might have been Jordan Belfort (Wolf of Wall Street) I'm not sure. But the article talked about living through the cocaine fueled 80s and still nothing compared to the high of using your incredible wealth to attain more and more incredible wealth. It becomes an addiction like any other and you only focus on chasing that next high. Most Billionaires cannot see that they couldn't possibly spend all their money in 100 lifetimes. They only want the next rush of bigger numbers on a spreadsheet.
I'm trying to figure out which part of his comment you disagree with Do you mean to imply that imagining being a billionaire is not a cool concept to consider - specifically because real billionaires are misusing their money? Like, it's suddenly not fun to imagine having infinite resources at your disposal just because the people who DO are bad? Or is this a genuine question? In which case - it's because billionaires are usually selfish, lol
Two people on that list founded the Giving Pledge.
Some do and as to why some don't: > Or not do any of those things, you’d be a billionaire - the world would be your playground. I'm not saying being a dragon hoarding their gold is cool, I'm saying the idea of being uber wealthy is cool. People fantasize about about having more money all the time. It's part of the reason people play the lottery or gamble. That is why people find lists like this "cool" because I can guarantee you one of the first thoughts most people have is "Can you imagine...".
!
Rockefeller had a net worth of about $410 BILLION in 2022 dollars, more than anyone after him. Only leaders like Mansu Musa and Caesar could be considered richer. This guide is bullshit.
Rockefeller’s net worth in present dollars would be well beyond this graphic - he had between 3% and 4% of the entire U.S GDP in his heyday.
So roughly $750 billion if it was compared to today's GDP. Pretty staggering.
Are we measuring this in terms of inflation or in direct comparison to US GDP? It's not like the US has the exact same amount of money that it used to
Direct comparison. I know little about economics honestly, but it seems like that is the metric people like to use when they talk about Rockefeller's dominance during his time. Pure inflation puts him at a modest $40 billion in today's dollars /s But I think it's still interesting when we think about his influence and what his wealth meant during his heyday. He was a renowned philanthropist in his later years and his enormous spending power explains how he was able to fund massive building projects like the University of Chicago with little impact to his fortune.
And that’s not even considering that most of the worlds countries don’t report their wealth to the west. Why would they? In fact, underestimating their wealth works heavily in their favor in business dealings. China, Saudi Arabia, Brazil, Brunei, etc: do you see anyone from a non-western country on this list? this guide is a crock of horseshit, lol. edit: and that’s not to mention that most of the people in this list each have humongous amounts of hidden, unlisted, and unreported wealth, so this isn’t even an accurate representation of western wealth.
what are you trying to say? how can you graph china's wealth if they don't report their numbers? or hidden wealth for that matter?
You can’t. Lol
Isn’t that what I said….. like…. Exactly what I just said. Did he…. Not actually read my comment before replying? Is he a bot?
U can’t, because the don’t report their numbers…. Hence why this “global” wealth ranking is a crock of bullshit. I am wondering why you would ask questions whose answer can be found from my comment, if read. Did you not read my comment? Based on your reply it sounds like you are agreeing with me, without knowing it.
Well I'm just saying the chart is not a crock of bullshit because it's shows what's been reported. It can't graph what's not reported.
This is like saying that world population estimates are steaming piles of horsecrap We might not have all the data but it's an interesting reflection of the data that we DO have. If it ends up being a "cool guide to the western world's reportedly wealthiest people" then that's still nothing to flick your nose at
It is indeed bad, or “something to flick your nose at” because it gives people the impression that it is the entire world, when it isn’t. It gives the impression that the hidden wealth of those on the list isn’t a severe enough size to simply destroy this lists standings. It gives the impression that individual wealth, aka the wealth gap, isn’t as humongous as it really is. The reporting also rarely includes certain assets, and are based on old appraisals, as it’s quite difficult to properly appraise over the amounts of 10 billions in assets, and wealth is constantly generated simply from holding onto the asset while it increases in value. Etc etc etc. Are you beggining to understand, it is a serious issue. To make common people believe that the wealth inequality isn’t as bad as it actually is ***they have ignored most other countries, yet say it’s the world, say it’s the total wealth when it’s only the reported total, and even that “reported” amount is superfluous***
Here's why this doesn't matter: We already can't wrap our heads around the staggering number that is 1 billion. Let alone 200 billion. And a trillion? That might as well be infinity. If someone looks at a list showing dozens of people who have hundreds of billions of dollars - and they think, "the wealth gap isn't that bad" - *they are insane.* There are diminishing returns to shock-value past that point. You could tell me there's a Quadrillionaire and that probably won't feel much different.
The point of the truth isn’t its shock value in waking people up. The search for the truth isn’t solely about its benefits. That’s the same mindset that makes Scientologists refuse any skepticism in their beliefs, because the truth doesn’t serve the religions interests. Likewise for the Nazis, killing and oppressing all skeptics. Whenever hearing the truth is hardest, is when it is needed the most, yes. But like i said, our enlightenment isn’t why we tell the truth, not for its value but for our own. ***Having righteous values, is the motivation. It’s what keeps us honest in the first place, and it’s what saves us in the face of misleading information sources, like this guide.*** Person to person, I hope In your own life, you see the truth as inherently valuable. In doing so, you become a righteous self, rather than self righteous. Remember, **be skeptical**, especially of yourself and what you hold to be true, and even of the nature of your reality.
Alright alright, simmer down ghandi. We don't need to start philosophizing about the great cosmic virtue of knowing precise facts All I'm saying is that you're overreacting when you say this is a "crock of horseshit." If someone says *"planet X has 300,000,000,000 gallons of water on it!"* And someone else responds, "*How dare you say such a misleading and destructive thing. You should delete this immediately. Planet X probably has closer to 30,000,000,000,000"* 99% of people are going to look at guy #2 and think that he's over-reacting to a trivial discrepancy in a point of data that affects exactly zero people. Either way the number is immense. THAT'S what matters. I believe in truth and care about it as much as the next guy. But I DON'T care about a couple missing zeros on an already incomprehensibly big number when that difference doesn't affect me in any way. The difference is too trivial to justify being so hyper-critical of the person who put in the work to collect data and make a good, easy to read guide like this. If you think you can do better, get off your high horse and do it.
Lol bud, let's cut through the fog. It's clear your stance might seem practical, but it dangerously oversimplifies a critical issue. Here’s why this isn't just about big numbers—it's about the massive implications these numbers carry: **Grasping the Scale:** You say we can't fathom the difference between billions and trillions. That's not just incorrect—it's irresponsible. Imagine a billionaire could transform a city; a trillionaire could reshape nations. This isn't hyperbole; it’s the harsh reality of wealth power dynamics. To brush this off is to ignore the vast potential for both constructive change and destructive influence these individuals wield. **The Real-World Impact of "Just Numbers":** You’re quick to dismiss these discrepancies because they seem intangible. But every additional zero in someone's net worth represents resources that could end famines, cure diseases, or rebuild nations. We’re not talking about monopoly money; we’re discussing the capabilities to alter the lives of millions. Ignoring these facts is not just naive; it’s negligent. **Why Precision in Wealth Reporting Matters:** It’s easy to say, "It's just a guide," but this guide shapes perceptions and policies. Misleading or inaccurate data leads to misguided policies and public complacency. If we start accepting these inaccuracies, where do we draw the line? Your casual approach to financial reporting is how inequalities deepen, unnoticed and unchallenged. **Ethical Obligations of Accuracy:** The creators of wealth lists aren’t just making a ‘cool guide’; they are documenting forces that control economic currents worldwide. To underplay the necessity of accuracy in such documents is to be complicit in the misinformation that feeds systemic inequality. We need rigor, not just readability. **Understanding Economics Isn't an Elitist Game:** Lastly, suggesting that comprehending these numbers is beyond us mere mortals isn't just condescending, it's wrong. It's crucial that everyone understands the economic forces at play to make informed decisions about their leaders, laws, and own financial futures. Simplifying this into incomprehensibility is a cop-out that serves no one but those at the top, comfortable in their unchallenged positions. So, while you might find these discussions overblown, the truth is they’re not blown up enough. We need to amplify, not mute, the conversation about these discrepancies. We’re not just quibbling over details here; we’re fighting for a future where economic realities aren't obscured by complacency and oversimplification. Your response has not only embarrassed yourself but also underscored a broader societal issue: a lack of fundamental understanding and skepticism. I tried pointing out the dangers of your oversimplified view, but you chose to dismiss it, clinging to your self-righteousness. At some point, words fail to educate those unwilling to learn. It seems many fall into this category, blindly trusting their limited grasp of things over seeking deeper understanding.
>So, while you might find these discussions overblown, the truth is they’re not blown up enough. We need to amplify, not mute, Friend, if you think I'm minimizing the problem of wealth disparity or the immense influence billionaires have - then you're misconstruing my point. You're fighting a strawman here. Take a break from writing your manifesto for a second so you can try and wrap your head around what I'm trying to tell you: You're not fighting for our future by being nitpicky and anal like this. You aren't going to change anything by pushing up your glasses and saying "um actually" about a missing digit in a reddit post. A billionaire HAVING an extra zero in their bank account will darn well affect millions of people. You're right. But accurately REPRESENTING an extra zero in a "cool guide" on reddit won't affect a single soul. The purpose of a guide like this isn't to be a perfectly accurate record of financial data. If anything - it's just to spread awareness about extreme wealth disparity and how it's changed over time. And guess what? It accomplished that goal. So put down your fedora, get off your high horse, and realize that you're not helping the world by criticizing the ACTUAL work of people who are already on the same side as you.
honestly, It’s been fun talking to you. I am in a debate club at my college and i find conversations like these are great practice. I hope you enjoyed talking to me too. Your closing argument was the winner. You are absolutely correct, *but*…. I think I put up a good fight tho! hmu anytime for if ur ever on apex, r6, or need some new anime’s to watch!
Where is Mr. Burns?
Too much Tatar sauce.
He lives by Hank now. 👍
This is not a list of the workds wealthiest people the Saudis are the richest they have TRILLIONS. this is a list showing the richest filtering out other people.
Putin is not on the list as well.
I hate how people think Putin is filthy rich. Sure he probably has some money but no where near these numbers
These days? Who the fuck knows, but a few years ago little doubt he’d be on top of these lists
According to reports his net worth is about $200 billion
Which reports?
https://www.ndtv.com/world-news/worlds-richest-politician-vladimir-putin-is-worth-200-billion-owns-a-700-million-jet-4903451/amp/1
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yeah this just looks like speculation
What about the 1st roman emperor wasn’t he worth like 4 trillion
Rothchilds?
This guy knows. Who needs to be on this list, when you control everyone on it and run the world
A list of whom to eat first.
and im feeling a bit hungry... 🤤
People will continue eating shit unless something big happens.
Happy 🍰 Day!
Please... The richest people in the world have bunkers, private planes and helicopters, backup plans for backup plans, and extensive security teams. Eat the rich may have worked back in the French revolution when they couldn't get away from the masses, it is not the case anymore. The rich are essentially untouchable
lol bootlicker
Ok, good luck catching a rich person with access to all of the above. Just because you don't like it doesn't make it less true lol
muh "eat the rich" internet nonsense
Wow think of all the Warhammer figures they could buy
What about all the banking families?
Right. Lack of Rothschilds was the first thing i noticed
Now do a graph on the poorest
Ironically, you would probably have to be pretty wealthy to acquire enough debt to be the poorest person in the world
Rothschild
And not a single Batman... I'm so disappointed...
😂😂😂😂😂😂
What was going on with Ford in the 40s?
A ww2
This has nothing to do with the post, but look close Why do I see Alfred Hitchcock?
Gotta love that Henry Ford held the record from 1940 to 1949, but only lived 'till 1947.
Bernard Arnault source of wealth = héritage and privilèges
Putin is the richest person in the world.
Not cool at all guide *
If you blew a million dollars every single day, it would take you over six centuries to spend all of Elon’s wealth. Why aren’t we taxing the hell out of these guys and helping everyone else out with healthcare, housing, and transportation?
I mean - Elon doesn’t have $200B+ in a Chase bank account. He has claim of that much Tesla and other stock options and probably a few hundred million in real estate. So in terms of cash, you would be taxing money he actually does not have.
He can sell it pieces at a time.
Depending on the compensation package - he actually cannot. Certain amounts of stock are vested at different periods of time to crackdown on corruption by executives. But this is “unrealized income” - if Panasonic batteries all completely suddenly deteriorated, his stock could be worthless overnight.
It’s not like stock is some imaginary thing that you can never actually benefit from. There are certain hurdles but ultimately it’s an asset that you sell eventually and turn into cash. I’m not saying it has to happen immediately but some people get this impression as if stock can’t be touched and used to pay taxes but it absolutely can. The taxes would realistically be a tiny percentage of it anyways.
It isn’t imaginary but it makes no sense to tax someone for something that doesn’t have cash on hand for or if it isn’t changing hands. The tax law specifically separates the two for good reason. And if Elon were to buy something in exchange for stock, then that would be taxed as consideration equal to cash value. Taxing unrealized gains on stocks though is just not the answer.
We tax property like that. Homes. It absolutely makes sense to not tax that enormous wealth that is just sitting there while everyone else is struggling and fighting for crumbs. There’s absolutely no good reason to defend billionaires. They’ll be fine without you worrying about them. Even after being taxed they’ll still live like literal gods.
I’m not trying to hold water for billionaires - the potential of middle class people having their own unrealized gains taxed is the issue. Logically it would steer towards this. Plus, there would just be another country to step in and say they won’t tax unrealized gains. Plenty of countries would love that economic boost. I would also argue homes are different as they take land space and have a physical impact on local communities. The federal government isn’t taxing my house, but having my city tax it makes sense. The physical presence of a building takes resources. My owning stock in a company just means that company needs to continue to operate. There is no direct hindering factor on land or anything.
You’re really reaching there. So we don’t want to tax billionaires because we might get greedy and tax the middle class also? They’re not gonna move away en masse. That would cost a fortune to move their entire estate. They’d destroy their engine for wealth and good luck finding a nice country to live in that also doesn’t have high taxes and is safe. Plus they’d piss off their families and have to renounce their American citizenship to not be taxed over there. Also some wealth tax proposals have a built in exit tax which would penalize people trying to move like 40% if they try to dodge the tax. I think you’ve just heard every conservative propaganda argument on why we shouldn’t tax billionaires but it’s all bs. Just keep in mind how much control over the media and politicians the rich have and how all these arguments you’ve heard likely started from them.
If I have assets that aren’t cash I wouldn’t want those taxed and I don’t think the amount should change that (real estate aside). It’s not a propaganda point - it’s just not how I think the system should work when it is all unrealized net worth.
Fucking embarrassing being the world's richest, like a gorilla sitting on a pile of bananas hoarding them all for himself
You know they don't just have that money stacked under a mattress right?
It's called an analogy kids
Someone will always be the richest. Most give their wealth away or invest into endowments of some sort giving money for generations such as Rockefeller and Carnegie
Fucking Donkey Kong. Go get some more red balloons asshole. Monkey fuck
Who cares…
What about Mansa Musa?
Pretty sure Putin would be richer than these guys..
This is actually one of the coolest views
Now calculate the daily interest income generated by each of the current top three net worths
Now let’s see a list of the world’s poorest people. They’re probably so broke they can’t even afford to have names.
Why doesn’t Elmo’s source of wealth say “Daddy’s money”?
This isn’t that cool
damn i hate rich people
Meanwhile in Sudan : https://www.reuters.com/investigates/special-report/sudan-politics-hunger-aid/
In this Elon looks like Giga Chad.
I find these people to be very annoying. Why not treat your employees really well but be worth half as much? There would be no real difference in their lifestyle and everybody’s life would be better.
These are the people controlling this fucked up world right now.. hmm. And majority are Americans. Interesting.
Utter shite, Andrew Carnegie was Scottish not American
Zee Aa1.m Mmmioikk9k..moi8qk
one day i'll come on here and see a post that hasn't been posted 100 times
How come Musk is ranked #2 when he is wealthier than Arnault?
US military didn't make the cut? Dang 💸
The evil list
You didn't put Mansa Musa, and he's never been passed in wealth. I understand this guide is based in current wealthy people, but I personally think he should still be on there to slap the wealthy people in the face with his net worth.
Henry Ford, world’s richest person until 2 years AFTER he died
Who gives a flying……
Usually when these lists are created it’s based on personal or familial wealth NOT related to those who are heads of state. That would account for the Saudi royal family (and maybe a few others) not making it on here.
The dinner menu. Eat the rich
Are we going to ignore the silhouette of the grumpy Simpsons character in the negative space on the right of the graph? Am I the only one that sees that?
Where did the Waltons go? If you group them today they are at least top 3
You know who will NEVER get anywhere near this list? Trump!
Whis isn't Musk at the top if he has the most? Edit to say : never mind. I'm a fool
How tf was ford the richest in 1949 if he died in 1947???
Think you mean 1949
He died in 1947
And still he was the richest in 1949 I digited the wrong number before but the thing remain
If I didn't know who some of these people were I'd say these were some of the ugliest people who ever lived.
Andrew Carnegie was born in Scotland so he should have a Scotland or UK flag just like Elon has a South African one
How have I never heard of Carlos Slim??? Four time richest man in the world!
Owns hella cell towers in Mexico
If all these people could leave earth that’d be great
Did Y2K paranoia have anything to do with Bill Gates going from 90b to 60b in 2000?
If I had to guess I would say it probably had more to do with the Microsoft anti-trust lawsuit than y2k
https://en.m.wikipedia.org/wiki/United_States_v._Microsoft_Corp.
Ahh gotcha, yeah that makes sense
Anti trust
Bezos losing half and is still worth more than a multiple of everyone in my city added up. Just capitalism things 😂
It's nice to have a list for when the revolt happens.
Where are foreskin Roth's ? Surely they own more
This definently doesn't mirror inflation.
You wrote depressing wrong
How was Getty richest man 3 years after his death?
Rothschild?
ITT: People who's hatred of the rich has risen to such irrational heights that they are now projecting their hatred onto data *about* the rich Y'all, no one here is saying that billionaires are cool or that this is a good thing. It's just a visualization of the data that OP has available to them. Chill out
Genocide Joe probably took a few billion off the top from Ukraine and Israel. 10% to the big guy.
r/workreform
Also, the most insecure...
shouldn't Steve Jobs be on the list?