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Show HN: Richest people in the world by wealth creation instead of ownership

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Re: Show HN: Richest people in the world by wealth creation instead of ownership

#12

Earlier quoted context omitted.

What's his "company"?

This is a list of people.

Yes I was seeing it as a list of people. Even if you ignore Linux and focus only on the amount of wealth Git has created... ...I still think he'd be at the top.

Re: Show HN: Richest people in the world by wealth creation instead of ownership

#13
I'm no economist but I'm having a hard time grokking any meaning out of this metric.

So if Elon decided to sell all his shares today (and likely destroy his companies in the process), he'd shoot to the top of the list? What's the point in that?

My 401k has benefitted from the growth of e.g. Amazon for sure, but the main 'wealth' I get from them is my ability to buy anything and get it delivered in a day. That is, I benefit from their infrastructure existing, regardless of who the shareholders are.

Re: Show HN: Richest people in the world by wealth creation instead of ownership

#15
post #8

I like the effort. It needs some improvement. Elon musk is among the top of the list. He is also the founder of companies that created and advanced a lot of technological wealth in the world. A huge contribution. But it's far from certain that the recent SpaceX stock will create a lot of wealth for retail owners. Maybe even the opposite.

Which companies are those?

SpaceX is the only one I know that he founded and which, through their satellite network advanced "technological wealth".

Also this lists definition is:

> "Each figure is the shareholder wealth a founder’s company created, now held by index funds, pensions, employees and co-founders, minus what the founder kept."

How should this even remotely apply to Elmo?

Re: Show HN: Richest people in the world by wealth creation instead of ownership

#17
Personally, I thought the list was about the criteria for wealth creation—like a standard for discovering the most valuable knowledge, technologies, or research papers. But it turns out it's just a slightly different rich list. So what value did Buffett actually create?

I was expecting to see a list of technologies like Linus's Linux or the transistor, but it's just a list of rich people.

The strangeness of capitalism seems to be that it misjudges value that hasn't been financialized.

I think the title is misleading—I should probably correct it to something like:

'A list of donors who contributed a lot of dividends and capital gains to Wall Street pension funds and index funds.'

Re: Show HN: Richest people in the world by wealth creation instead of ownership

#19

I'm no economist but I'm having a hard time grokking any meaning out of this metric. So if Elon decided to sell all his shares today (and likely destroy his companies in the process), he'd shoot to the top of the list? What's the point in that? My 401k has benefitted from the growth of e.g. Amazon for sure, but the main 'wealth' I get from them is my ability to buy anything and get it delivered in a day. That is, I b…

> So if Elon decided to sell all his shares today (and likely destroy his companies in the process), he'd shoot to the top of the list? What's the point in that

It looks like the methodology involves subtracting the founder's entire net worth, so selling the shares would leave him in the same place.

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