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[–] 1 point 3 years ago (1 child)

But they are totally hoarding their on paper wealth. It's impossible to end up with $200 billion without intentionally hoarding it.

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  • [–] 1 point 3 years ago (1 child)

    That's not true at all. Bezos, for instance, is worth so much solely because Amazon is worth so much. It has nothing to do with his personal spending habits whatsoever.

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  • [–] 1 point 3 years ago (1 child)

    Bezos is the CEO of Amazon, he can definitely take some of the credit/blame that it's worth so much and that he has such a large stake. He could cash out at any point, but he chooses not to, aka hoarding.

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  • [–] 1 point 3 years ago (1 child)

    ... what exactly do you think would happen to Amazon's stock value if Bezos cashed out?

    And how exactly is owning a company "hoarding"

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  • [–] 0 points 3 years ago (1 child)

    It would drop a bit, depending on how he handled the PR. Anyway, then he could donate 99.99% of his wealth and still have far more than any of us will ever have in our lives. But he doesn't, because he's hoarding it.

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