logoalt Hacker News

llbbddyesterday at 7:11 PM3 repliesview on HN

I mean as far as I know no human being is even a billionaire anyway if you only count cash. It's one of the things the "eat the rich" crowd is particularly bad at internalizing, that there's a difference between value and money that can be spent on food or hospitals.


Replies

mixdupyesterday at 9:50 PM

It is much more feasible for Jeff Bezos to sell a billion dollars worth of Amazon tomorrow or Bill Gates to sell a billion dollars worth of MSFT tomorrow than it is for Elon to sell a trillion dollars of SPCX even over a year's time

I get that net worth is more than just cash, and that is not what I meant and it's pretty obvious that isn't what I meant. It may not just be cash on hand but if an asset is completely illiquid at it's purported value, is it actually worth that?

hansonkdyesterday at 7:36 PM

2,000 gold bars were stopped out of iraq. and that is just what was stopped / reported.

Dictators and autocrats may or nay not have cash sitting in a bank account, but there are most likely multiple with $1B in gold.

msdzyesterday at 11:23 PM

Somewhat doubtful. (The first part of your statement, anyway. Of course the difference between abstract "value" and hard, spendable "money" is a thing.)

Like Mr. Hanson said in my sibling comment, some rulers are (or were!) bound to have amassed incredible amounts of resources. For historical/non-present-day examples, consider looking into figures like Jakob Fugger or Mansa Musa.