Elon Musk Loses World’s Richest Person Title to Jeff Bezos

prksss@lemmy.world to News@lemmy.world – 191 points –
Elon Musk Loses World’s Richest Person Title to Jeff Bezos
bloomberg.com
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I wish the media wasn't so focused on stuff like this. It's only feeding their egos and driving them to even further to out compete each other in the worlds biggest a-hole contest.

You’re right. Post downvoted. I don’t care.

For every musk or bezos there are a hundred billionaires whom we've never heard of and who are just as greedy. I don't think it necessarily changes much

1 more...

For the record it’s extremely unlikely that either are in fact the world’s richest.

Just the richest people dumb enough to talk about it.

Yeah I always think that we know their wealth because it is in shares of publicly traded companies but you know it’s some Saudi oil baron or Russian Oligarch that is actually wealthier. My guess is probably Putin takes top spot and then the Saudis.

Russian Oligarch that is actually wealthier

Putin himself has always been a strong contender

Saudis state oil factory is worth over a Trillion and all their wealth is sanction free.

Most rich fucks use LLCs to hide their ownership of assets. (At least, from the public.)

If they’re privately owned, then there’s little functional difference, but you can use them to avoid reporting requirements (ie in a hostile take over.)

But then, also, there’s a lot of random LLCs on a random company’s ledger. Some of them are investment firms, and such, but some are also the assets of people like bezos or the Rothschild family.

Then there are leaders who essentially own everything in their country. Even if it is supposedly private property, it can be taken away at any time, meaning that it is really the leader's property- Saudi Arabia, Brunei, North Korea...

Zuckerberg and Gates and Buffett Amateurs can fucking suck it Fuck their wives, drink their blood Come on, Jeff, get 'em

Imagine losing to someone even though you are rich.

If I had all that money I'd just have more than Jeff. Honestly this is a no brainer. I wouldnt want to be second richtet person. Either richest person or nothing at that point.

Id just give away all the money and retire. Better thsn only being second

I know, right? What even is the point. Congratulations, you're the number one loser. Might as well just quit.

Not sure what keeps these people going. I’d be retired if I hit a billion.

For them, it's not about having enough money. It's about chasing power.

They are sick people.

It's NOt ReAl MonEY THey HAvE In tHeiR BaNK acCouNTs. Or something like that. Also, monkey brain likes numbers going up.

Most likely the mindset that ensures you won't hit a billion.

I thought the secret was to be a son of an imperialist slaver, guess I just need to pull myself up by the bootstraps

I doubt they do a great deal tbh

Hoarding, addiction, that sort of thing

I’d get rid of it if I hit a billion, I don’t want to gaze into abysses

Lol same and i always wondered the same. Bunch of fucking weirdos tbh. The only people who will hangout with them are there for their money.

Damn I'd be retired as soon as the 4% FIRE rule is met.

A lot of these net worth increases are from the rising value of companies whose shares they own a lot of (e.g. Amazon in Bezos's case)

Many people aren't interested in a life of leisure. They want to create, achieve, and strive. In the same way that someone may want to spend more time creating art, people like Bezos and Musk want to spend more time creating companies that build and make things. Both of them spend a lot of their time on passion projects having to do with space travel, for example.

So the question is: okay, you make your billion and you retire. What then? Lie around and watch TV and stuff? A lot of people are not interested in that.

The part about continuing to make stuff I understand, the fact that they continue to harm others in order to squeeze every last drop of additional money out of everything is the part I’ll never understand

This really is the crux of it. When you try to manipulate government to avoid taxes. When you prevent unionization. Abuse workers for profit. There’s no shortage of negative behaviors and actions by the Uber-wealthy like Musk and Bezos that don’t have anything to do with being creative but definitely point towards them being greedy and controlling assholes.

Its also unfortunate that the comment you responded to takes the “well they’re not really rich” with the “it’s their investments that went up, they didn’t make any money” soft apologist stance when it comes to the Uber-wealthy. Those investments are as good as cash in the bank, they’re leveraged for low interest loans that help dodge taxes. Those loans are cash in the pocket.

The cost of living keeps going up and corporations are buying all the housing out from under individual buyers but yes Bloomberg this is more important news.

Fuck them both, I think Elon is worse but at their level of terrible the difference amounts to a rounding error

Elon is only worse because Bezos doesn't share every thought in his head with the world.

He built his business by scamming warehouses... They're both dirt. Bezos just isn't as insecure and doesn't try to gloat where everyone can see his insanity.

I agree. In fact, because he doesn't share his every thought, who knows what he believes? But Elon seems like he's worse.

And he doesn't even need that part of Amazon at this point anyway, the real money is in AWS. American Alibaba The Amazon store site could disappear tomorrow and he probably wouldn't even feel it.

Jeff Bezos USED to, back when Twitter properly existed.

Second richest, that's terrible 🙄

Thoughts and prayers 🙏

Setting up a gofundme for the poor fella, will post link.

After clicking OP’s body link I now know that the CEO that sits over Hennessy is the 3rd richest man in the world and has more money than Mark Zuckerberg. Weird.

I mean, it's a whole lot more than Hennessey, but yeah.

It's a conglomerate with many of the really big French luxury brands: LVMH. The LV is for Louis Vuitton, the M for Moët, and finally H for Hennessy. And they have many other $$$ brands under their umbrella.

Hopefully this means I won't have to hear about Elon Musk in the news.

I hope you are right, sadly there's an equal chance that the man baby will generate even more news.

Most of the time Musky was in the news you didn't hear a thing about Jeffrey.

and anytime OrangeJerk is in the news you are *not *hearing about some other person doing evil.

Really happy for both of these fine gentlemen. You just can't help but love these two knuckleheads.

Edit: My attempt to be more-optimistic about the news isn't catching on.