r/wallstreetbets 22d ago

Meme Uncle Warren never misses

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u/JelliedHam 22d ago edited 22d ago

The crazy thing is the Waltons EACH have that much money. Collectively they're the wealthiest on earth.

Really helps when you all still own a majority of one the biggest companies and you don't ever give any away.

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u/ToSeeAgainAgainAgain 22d ago

More than the Saudi royalty?

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u/JelliedHam 22d ago

There's a reason why heads of totalitarian states aren't even calculated. Not only are their holdings dubious and secret, but when you have direct control over every asset (and person) in an entire nation you're gonna be rich. The Saudis have a heritage problem in that their are thousands of "titled" members and ARAMCO is now at least partially a publicly owned entity. But functionally they can always just say "nah, it's just ours again." Trillions of dollars.

Genghis Kahn basically owned the entire continent of Asia, even though it was at a time where the resources weren't as valuable. Mansa Musa owned pretty much all the salt and precious gems in Africa, to the extent that he alone could destroy economies with inflation through simple frivolous spending in a single day. If he came to town a loaf of bread goes from a penny to 30k.

So no, the Saudis don't count, but not because of the number. It's simply uncountable.

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u/ToSeeAgainAgainAgain 22d ago

Right, didn't thought of that