Put together $765M in direct contributions, $40B loss in the Twitter-Xitter transmografication, call it $50B in total “investment”.
In 2015 he was worth about $13B, today, after losses, he’s worth in the neighborhood of $770B, that’s a CAGR of around 45%, $50B “losses” while that kind of growth is happening is in the noise, one bad year, even losing 50%, when your growth rate has been a sustained 45% per year for 11 years - that’s trivial.
Now: should these concentrations of wealth ever happen in the first place? Absolutely not, which is why he’s “investing” so much in preserving the structures that allow it to exist at all.
Put together $765M in direct contributions, $40B loss in the Twitter-Xitter transmografication, call it $50B in total “investment”.
In 2015 he was worth about $13B, today, after losses, he’s worth in the neighborhood of $770B, that’s a CAGR of around 45%, $50B “losses” while that kind of growth is happening is in the noise, one bad year, even losing 50%, when your growth rate has been a sustained 45% per year for 11 years - that’s trivial.
Now: should these concentrations of wealth ever happen in the first place? Absolutely not, which is why he’s “investing” so much in preserving the structures that allow it to exist at all.