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Show HN: Richest people in the world by wealth creation instead of ownership (anti-forbes-list.vercel.app)

55 points by sakshyampatro · 12 hours ago · 52 comments on HN

Article summary

The article presents a list of the richest people in the world, ranked by the wealth they have created for others, rather than their personal wealth. The list is based on the shareholder wealth created by a founder's company, minus the wealth the founder has kept. The methodology used to calculate this wealth creation is outlined, including the use of a baseline and adjustments for market delta. The list includes 28 founders who have created over $18 trillion in wealth for others.

Main themes

  • Wealth creation
  • Founder's impact
  • Shareholder value
  • Economic metrics
  • Capitalism and value
  • Methodology and calculation

What commenters say

  • The list is misleading as it only considers founders and not other key contributors to a company's success, such as CEOs or team members.
  • The methodology used to calculate wealth creation is flawed and does not account for factors such as inflation or the impact of a company on other companies' stock values.
  • The list is too narrow in its definition of wealth creation, ignoring non-financial contributions to society, such as those made by scientists or politicians.
  • The list is useful in highlighting the difference between personal wealth and wealth created for others, but its methodology has limitations and biases.
  • The focus on billionaires and their wealth creation is misguided, as it ignores the contributions of non-wealthy individuals who have made significant impacts on society.
  • The list's emphasis on market value and shareholder returns is a limited and flawed measure of a company's or founder's true value to society.
  • The methodology's restriction to post-IPO stock returns and excess of T-bill returns is too narrow and does not account for pre-IPO investors or other forms of wealth creation.
  • The list is a useful tool for evaluating the impact of founders on shareholder value, but its results should be interpreted with caution and consideration of its limitations.