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this post was submitted on 04 Jul 2024
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The richest people in the world aren't on the richest people in the world list because they own entire countries. Putin is probably the richest single person in the world. Kim Jong Un is up there too.
If you can have literally anything you want within your own borders that's a lot more than having shares in some company that could lose value overnight.
Putin maybe, Kim-Jong definitely not. Just Meta's net profit (let well alone revenue) is well over NK's entire GDP. Even if he literally owned the entire country which he certainly does not, he wouldn't be nearly as wealthy as Musk or Bezos.
That's not really being rich, though. The guys on that list could theoretically buy whatever countries they wanted, hell, they could buy multiple, hell, they could just buy owning stock in every country by way of bribery. If you're the leader of a single country, it's as though your money is all invested for you already in that single country. You're mostly locked down to wherever you are. But the Walton family, owning Walmart, last time I checked the third largest economy in the world, they can extract that money and pivot wherever they want, with basically no borders or limits.