So it's like we should stop talking about "the richest/wealthiest person" and start talking about "the person with the highest valued assets as dictated by the market", lol.
Is there ever a metric/list of the biggest hoarders of cash or gold in the world - something that is a bit more consistently and constantly valued with fewer fluctuations? Like a real-life Smaug? I always hear talk of Apple having ridiculous cash reserves, but never a particular person... maybe a sheikh or the Saudi king...
Thanks. But speaking a bit more philosophically, do we non-millionaires and -billionaires gain anything when the super rich lose great deals of "on paper" money?
ChickenEnthusiast OP t1_j2cqdyb wrote
Reply to comment by BurnOutBrighter6 in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
So it's like we should stop talking about "the richest/wealthiest person" and start talking about "the person with the highest valued assets as dictated by the market", lol.
Is there ever a metric/list of the biggest hoarders of cash or gold in the world - something that is a bit more consistently and constantly valued with fewer fluctuations? Like a real-life Smaug? I always hear talk of Apple having ridiculous cash reserves, but never a particular person... maybe a sheikh or the Saudi king...