EA Forum Podcast (All audio) [Linkpost] “Money Stuff on charity-adjusted billionaire rankings” by JP Addison🔸
One reason to make a lot of money is to get a good spot on the league table of rich people. [...] Being the richest person in the world does seem cooler than being the second-richest person on the world, though I doubt that your consumption basket changes much between those two spots. [...] And so you might imagine that the design of the league tables could motivate behavior.
Put another way: Had the Oracle of Omaha held onto his stake through the years, he’d have a net worth of almost $400 billion as of April 30, according to the Bloomberg Billionaires Index. That's $67 billion more than the fortune of Elon Musk, the world's richest person.
Charity-adjusted billionaire rankings! Why not? [...] When you irrevocably donate your stock to charity, you no longer own it in any legal or practical or economic sense, but [...]
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First published:
May 16th, 2025
Linkpost URL:
https://www.bloomberg.com/opinion/newsletters/2025-05-15/coinbase-got-hacked-a-little
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Narrated by TYPE III AUDIO.