That’s not true at all. Bezos, for instance, is worth so much solely because Amazon is worth so much. It has nothing to do with his personal spending habits whatsoever.
Bezos is the CEO of Amazon, he can definitely take some of the credit/blame that it’s worth so much and that he has such a large stake. He could cash out at any point, but he chooses not to, aka hoarding.
It matters because people suggest that Bezos et al “hoard wealth” which is both untrue and impossible with the way their wealth is calculated.
But they are totally hoarding their on paper wealth. It’s impossible to end up with $200 billion without intentionally hoarding it.
That’s not true at all. Bezos, for instance, is worth so much solely because Amazon is worth so much. It has nothing to do with his personal spending habits whatsoever.
Bezos is the CEO of Amazon, he can definitely take some of the credit/blame that it’s worth so much and that he has such a large stake. He could cash out at any point, but he chooses not to, aka hoarding.