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    The Ranks of Global Billionaires: Not All Billionaires Are Made Equal

    Economics Explained

    4 HN recommenders · recommended in 4 months, 2020–2022

    YouTube

    16:21 · 2M views · Feb 6, 2020

    An Economics Explained video on the different kinds of billionaires, from founders to oligarchs. It explains how wealth is held in illiquid stock and why diversification is a problem for some.

    HN recommends it to explain why comparing billionaire net worth by share price is misleading.

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    4 comments from Hacker News

    1. @jasodeJul 2020· in “Billionaire Musk's net worth zooms past Warren Buffett's”

      fyi youtube video of why these simplistic comparisons of "net worth" based on shares-times-stockprice is meaningless... - The Ranks of Global Billionaires: Not All Billionaires Are Made Equal : this video E.g. Theranos owner Elizabeth Holmes once had a "net worth" of 4.5 billion (as calculated by Forbes Magazine[1] for attention-grabbing headlines) ... but that doesn't really mean she was actually 2x richer than Dropbox's Drew Houston who's worth ~2 billion. That said, Elon Musk is a bonafide billionaire but the comparison to Buffett via a volatile Tesla stock price is meaningless. [1] [LINK]

      RecommendsView on HN
    2. @somethoughtsJan 2021· in “Bill and Melinda Gates: America’s Top Farmland Owner”

      Here's a fun video which discusses the phenomenon you're describing. Its a bit click-baity but does provide an overall summary pretty nicely. Economics Explained - The Ranks of Global Billionaires: Not All Billionaires Are Made Equal: this video It even covers the oligarchy scenario :)

      RecommendsView on HN
    3. @aliceryhlJun 2020· in “Amazon added a non-compete after the employee entered the U.S. on an L1B visa”

      Just because he has Amazon stocks of that value doesn't mean he can turn all of that into cash. Economics explained has a great video on the various types of billionaires [1], which uses Jeff directly as an example of the lowest class of billionaire. [1]: this video

      RecommendsView on HN
    4. @bin_bashDec 2022· in “Protocols, Not Platforms”

      Economics Explained did a great video on the topic of how diversification is a big problem for some billionaires: this video

      RecommendsView on HN