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this post was submitted on 03 Sep 2024
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The assesment that he's the wealthiest person on earth is pretty dubious, actually. The analyses which list the worlds wealthiest people always are, because they have to decide what counts as wealth and how to count it.
Normally that's fairly easy, but for very powerful people (who, as you point out, the people at the top of those lists are) it gets murky because of things like stocks and options which they could liquidate in theory, but which would crash in value if they tried to actually do so. Does it still count as wealth if it only exists so long as you don't spend it?
There are also people who's wealth isn't held in any currency, or gold, or stocks. How do you measure the wealth or power of a sovereign king, or any other kind of dictator? You certainly can't neatly put it in a scale alongside people who just have a dragon's horde of cash somewhere, that wouldn't be comparing like for like
This is also borne out in practice as you watch the purportedly "most powerful man on Earth" constantly tap dance for Putin in lockstep with the GOP. As a kleptocratic dictator, he informally adds the entire country's economy to his personal net worth.
The GOP is foaming at the mouth to form a right-wing dictatorship in this country for precisely the reason you are addressing here. A person with powers of complete dictatorship over the world's biggest economy would definitively make them the most powerful man on Earth without a second even deserving mention.