The world's richest man is reported to be worth, right now $191 billion. The question is then, is this too much wealth concentrated in the hands of one man? I think not and for one reason alone, his wealth is mostly represented by his share of one company, Amazon. If Amazon goes down, so does Mr Bezos.
That said, $191 billion is a lot of money. I put it like this; if he sold up and realised that amount in cash, he could at current share prices buy 100% of Caterpillar, Oshkosh and Emerson and still have $40 billion left over as pocket change. Just pause and think about that. That's three very good companies and he could own all of them outright.
But I don't resent Bezos at all as Amazon actually does something. Elon Musk on the other hand is approaching Bezos but most of what he does is make silly, very poorly made electric vehicles. They're completely overrated and being bought by complete fools.
We'll see what happens in 2021 and whether wealth takes a slide. We're in for an interesting coming 12 months.
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