r/SipsTea • • 1d ago

SMH Facts

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36.7k Upvotes

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714

u/sorellaux 1d ago

The richest man alive and still begging for party invites is crazy

248

u/Drewbus 1d ago

Richest officially documented man*

94

u/cesspool4us 1d ago

This is the shit that gets me. This dude is as wealthy as Forbes says he is. But there's no way he is the wealthiest. You are telling me there aren't generational families that hold much larger private assets. Things that can't even be recorded they are so private and date so far back. But this dude. He's the richest. El oh El.

48

u/PotatoFarmer_44 1d ago

I mean, you don't even have to look at generational wealth alone. There's middle east oil sheikhs of the past century who probably don't disclose their entire value either but their "known net worths" are already the gdp of many small countries.

Then you have people who run drug empires making hand over foot who clearly aren't in the public light either. Pablo Escobar and the Cali Cartel made fortunes within a decade in the 80's, we probably don't know the modern equivalent and they might be making even more profit than we know of.

23

u/Numberhalf 1d ago

We only know people wealth when they have stock, so lots of people richer than Musk, Putin probably has him beat by 2-5x.

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u/SleepDoesNotWorkOnMe 22h ago edited 19h ago

Show your working, class.

Edit - a comma

10

u/2Completion2Ography 21h ago

Show your working class.

The working class is Putin's stock. If he liquidized his assets, he would literally make the vulgus liquid.

4

u/Bubbly-Bar-7449 18h ago

Escobar spent enormous amounts of money just to buy rubber bands to hold their cash together.

3

u/Bitter_Pea_4716 7h ago

I love the history of cocaine. 

Pablo's share in the cartel was around 40%, not verified but an estimate.

Whilst they sold at wholesale costs, $1 trillion at $100 USD per gram is about 25,000 tones.

Obviously worldwide cocaine use is impossible to establish, but there's estimates around US use for 1988-1993 which sits around 2,175 tonnes. 

Obviously the $100 per gram figure would be significantly less, and that is revenue only. The cartel would have had significant operational costs, such as employees or the infamous rubber band example. Not to mention the loss of buried cash destroyed by rats etc. 

Pablo was bloody rich. Musk is a fkn next level wealth hoarder, though, the creepy cunt.