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Elon Musk Loses World’s Richest Person Title to Jeff Bezos
(www.bloomberg.com)
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this post was submitted on 04 Mar 2024
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For the record it’s extremely unlikely that either are in fact the world’s richest.
Just the richest people dumb enough to talk about it.
Yeah I always think that we know their wealth because it is in shares of publicly traded companies but you know it’s some Saudi oil baron or Russian Oligarch that is actually wealthier. My guess is probably Putin takes top spot and then the Saudis.
Putin himself has always been a strong contender
Saudis state oil factory is worth over a Trillion and all their wealth is sanction free.
Most rich fucks use LLCs to hide their ownership of assets. (At least, from the public.)
If they’re privately owned, then there’s little functional difference, but you can use them to avoid reporting requirements (ie in a hostile take over.)
But then, also, there’s a lot of random LLCs on a random company’s ledger. Some of them are investment firms, and such, but some are also the assets of people like bezos or the Rothschild family.
Then there are leaders who essentially own everything in their country. Even if it is supposedly private property, it can be taken away at any time, meaning that it is really the leader's property- Saudi Arabia, Brunei, North Korea...