Re:Twitter CEO fires two top executives, freezes hiring
by dekhn on Thursday May 12, 2022 @03:36PM
(#31359219)
It's confusing because wealth in this case is based on valuation, which in the case of Tesla is based entirely on what some people think the company will do, monetarily, in the future. In my mind, Bill Gates is truly richer than Elon, because he has a diversified portfolio and could convert more of his holdings into other, different holdings, with less friction.
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Re:Twitter CEO fires two top executives, freezes hiring
by lupire on Thursday May 12, 2022 @06:08PM
(#31360696)
Bill Gates would be straight up wealthier than Musk if he didn't donate half his wealth to his foundation. If you consider that part of his wealth (in the sense of total lifetime income so far, not figure spending power, so subtracting off personal consumption/spending), you don't have Musk being suprosinly more wealthy.
Re:Twitter CEO fires two top executives, freezes hiring
by r00fus on Thursday May 12, 2022 @06:40PM
(#31360960)
Considering the Bill & Melinda Gates Foundation is essentially chaired by the two directly, why wouldn't you consider that wealth (that they get nice tax treatment for donating to) isn't theirs?
Re:Twitter CEO fires two top executives, freezes hiring
by SamBam on Friday May 13, 2022 @11:32AM
(#31368942)
Once he has donated it to the foundation, it is no longer fully under his control. It is a charitable organization, and subject to many laws about how the money is spent.
So it's never included in any measure of his total wealth.
(GP's point is that if it were, and also all the past charitable spending was, then Gates works be richer. (