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waynehihihi OP t1_issn5l1 wrote

Replying to waynehihihi (#131,730)

Notes: The bar chart shows the year-to-date net worth change in billions of the world's top 10 richest as of 11 October 2022, with individuals ranked in order of net worth from top to bottom

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LivingMemento t1_issndnw wrote

Ten of the world’s biggest criminals

−8

dog_eat_god t1_issnnff wrote

Of course he made billions. He and his country are propping up the Russian war machine by purchasing their discounted oil and selling to them. They are scum.

−2

XPlutonium t1_issnvmk wrote

I really think you should check out their balance sheets to get a better picture. Adani is actually deeply over leveraged. So he’s effectively doing well so long as he’s cozy with India’s current administration

Asset valuation on itself has The GDP Problem so it doesn’t always give you an accurate picture

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Uncle-Cake t1_issny5j wrote

Oh look more Indian propaganda on r/dataisbeautiful; what else is new?

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howbownow6 t1_isspl6o wrote

Replying to XPlutonium (#131,766)

It’s a very short sighted presentation, just taking last one year, 5 years would be more real of analysis, but just looking at 1 year this is interesting, but does not really prove who are the best or worst investors since one year is too small of timeframe for real analysis without temporary swings in markets etc

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vjb_reddit_scrap t1_issqftt wrote

Well, the amount of debt he has will tell another story.

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AdmiralKompot t1_issqtu6 wrote

Replying to dog_eat_god (#131,753)

To quote Jaishankar, "what India buys in a month is what the entirety of Europe buys in an afternoon"

The west media is pushing a false narrative, well because, spewing hate is how they generate clicks.

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aatmanirbharindian t1_isss910 wrote

Compare the revenues of the firms they owned and you will know the reality

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AdmiralKompot t1_isssp4m wrote

Replying to app4that (#131,962)

He own a lot of shit, ship ports manufacturing plants all that kinda stuff. His assets are seriously overleveraged.

At one point, he was the second richest pipping Jeff Bezos, but a couple of days later, he dropped to being the 8/9th richest.

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Latter-Yam-2115 t1_issswdu wrote

Adani is one of the largest Bubbles in global markets haha

He’s a whole different ball game!

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Pakodasinghrathore t1_isstbs5 wrote

The guy’s got too much debt, but I sure hope his conglomerate doesn’t collapse like Daewoo, that’d be disastrous for our economy.

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cherryreddit t1_isstoo1 wrote

Replying to app4that (#131,962)

That's like asking why is there an eclipse when my wife farts. Completely unrelated. The Indian economy as whole is growing compared to the rest of the world, A single billionaire getting more money is not because of russia. Also adani is not a big energy player, who themselves (ambani in this list ) have lost wealth.

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LuwiBaton t1_isstxn4 wrote

Not at all bias… and totally excellent presentation of the data. /s

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cherryreddit t1_isstxni wrote

Replying to Uncle-Cake (#131,769)

>what else is new?

Anti Indian propaganda masked as neutral . Previously it used to be direct racism and religious bigotry, nowadays these people are trying to fool others by masking themselves

−1

TwoStepsSidewards t1_issuc4r wrote

This infograph is kind of silly. The weathly utilize debt for fiscal risk management.

Calculating simple loss doesn't really show the full picture.

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bpknyc t1_issud3j wrote

Sergei lost more than money this year though

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Rad_Dad_Golfin t1_issull3 wrote

They all suck and do nothing to help make the planet better.

−2

Nudder246 t1_issuyev wrote

This comparison is laughable

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deepak_26 t1_issvn50 wrote

Well he got Modi hand on his back, Modi ditched Ambani for Adani.

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cherryreddit t1_issvs5f wrote

Replying to dog_eat_god (#132,141)

This is such a brain dead argument, but I will reply you so that others reading in the comment chain don't fall for this.

​

Oil prices, even after russian discount are currently higher than pre pandemic levels. Even if it was, decreasing your fuel bills doesn't make a shipping mogul add billions to his wealth.

If access to cheap russian oil is the reason, (which is not the case ) why aren't all shipping companies becoming rich, most of them situated in china and europe. ?

The real reason adani is suddenly so much richer is because he is deeply over leveraged (taking loans) to run his businesses. He has links to current govt leaders and there is (IMO) crony capitalism/corruption involved

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-Spin- t1_issw003 wrote

They aren’t making or losing money. Their assets is just worth more or less.

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noxx1234567 t1_isswegt wrote

Adani's net worth is being propped up by market manipulation , it will never be sustainable.

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Kindly_Education_517 t1_isswuea wrote

Elon Musk begging people to buy his burnt hair perfume so he can buy Twitter while his Tesla cars are in the news every week for catching on fire is laughable as hell.

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Walking_billboard t1_isswvtj wrote

Replying to XPlutonium (#131,766)

Ya, this guy is building a legendary-grade house of cards. He buys companies, saddles them with debt, and uses the cash to buy the next company. Wash, rinse, repeat.

There is always the chance he pulls it off, but there is a much larger chance his companies implode in the next 18 months.

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Gnawlydog t1_issxgxh wrote

Replying to Which-Moment-6544 (#132,245)

The gold shirts I believe is pretty much a textile tycoon thing.. And India isn't the only place that rich get murdered by "friends"... Other countries are just better at hiding that.

In the USA when it happens the cops turn the other way while any speculation of that matter would be considered a crack pot conspiracy.

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coldneuron t1_issxzm1 wrote

If they lost money does that mean it went somewhere? Did 60 billion dollars go from Musk to someone else? Or is this mostly imaginary money that is speculated based on possibilities.

Whenever I see a billionaire but it’s in stock I think it’s mainly Schrute Bucks or Stanley Dollars.

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Ajsat3801 t1_issyo8s wrote

Replying to No_Communication5538 (#132,167)

Which in turn lowers the oil price of everyone..its every man for himself...USA is funding this propoganda to support Ukraine cos it suits its interets..what about Armenia? are Armenians not humans? What about Yemen? What about Afghanistan?

Also why should India support the same country that supported a genocide of Bangladesh and attack on India by supplying weapons to Pakistan?

−1

Uncle-Cake t1_ist01uy wrote

Replying to AdmiralKompot (#131,911)

I've seen so many charts like this... "Look at how rich India is compared to other countries!" or "Look at how much greener India is than the US or China" or "Look at how much progress India has made since independence". In all of them it's clear that the author has a pro-India agenda.

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cherryreddit t1_ist0wpj wrote

Replying to No_Communication5538 (#132,459)

Oil is not cheap now and Russia accounts for only ~12% of total Indian oil imports. Whereas the real money that Russians are using to kills Ukrainians is coming form the 100x gas that Europe is still buying from Russia. It is Europe that propped up Russian economy by increasing gas buying for almost a decade after Crimea. Blaming India is hateful propaganda by western media to avoid facing the blame for their own decisions.

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capwillkidd t1_ist0zqp wrote

So coal is bad for everyone else in the world. But if we can dunk on billionaires, let's herald the Coal King!

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Bewaretheicespiders t1_ist2xal wrote

Replying to howbownow6 (#131,837)

> does not really prove who are the best or worst investors

I mean most of them shouldnt even be called investors but entrepreneurs. They dont have a portfolio, they have shares in the cies they created or raised, and little else.

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Bewaretheicespiders t1_ist3sud wrote

Replying to coldneuron (#132,346)

No money went anywhere, for the most part. Its just the value shares of each enterprise currently trade at.

You have a piece of art thats worth 10'000$ then suddently people decide its just not cool anymore, your net worth drops by 10K but no money was exchanged. Wealth is created, and it can also be wrecked.

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AdmiralKompot t1_ist3ufa wrote

Replying to dog_eat_god (#132,488)

India has nothing to gain if Russia wins or loses. Sure, maybe certain defense deals and oil get more expensive, but it isn't too much of an effect.

It's not a group of 9yo children who switch sides to the winning one.

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GlitteringRelease77 t1_ist3wqy wrote

Everyone knows Forbes, Bloomberg, etc. have zero knowledge on how rich anyone is - billionaire or otherwise. You might as well get it from TMZ.

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koebelin t1_ist562c wrote

Putin used to have an estimated $40 billion. That probably went down this year.

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Uncle-Cake t1_ist5qw5 wrote

Replying to AdmiralKompot (#132,659)

>propaganda

No, it's really not a strong word. It's actually a pretty broad term.

information, especially of a biased or misleading nature, used to promote or publicize a particular political cause or point of view.

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coldneuron t1_ist6cd6 wrote

Replying to Bewaretheicespiders (#132,706)

I don’t understand how billionaires who are created that way owe society anything. They are only rich because people decide they are. If everyone in America suddenly decided I was a billionaire I’d think they were all insane. And if they then decided I owed more taxes because they imagined I was wealthy I’d think they were extra nuts.

If I earn money I can pay taxes on that. If someone says my shoes are suddenly a billion dollars they’d better be willing to give me a billion dollars for it.

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Bewaretheicespiders t1_ist7rut wrote

Replying to coldneuron (#132,886)

People have forgotten that wealth is created. They thus think thats its a zero-sum game (its not). And so they (wrongly) think that is someone has more net worth, it must mean that they took it from other people.

Sadly societies that start to revile wealth creation quickly go on a path of poverty.

edit: Because markets are going down, did you notice we didnt get those how much time did it take for these billionnaires to ""earn"" X million dollar since January 1st news time this year haha.

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hanz6pack t1_istc7z9 wrote

All I see is extractive industry and worker exploitation.

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LivingMemento t1_istmg2z wrote

Replying to Walking_billboard (#132,263)

That was the technique the Mafia used although they had respect for the workers. Wall Street then followed the Mafia model without the basic human decency. Private equity is usually best explained using the lessons from Goodfellows or the Sopranos sporting goods store episodes.

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LivingMemento t1_isv8o0d wrote

Replying to mmarollo (#136,651)

Where do you work? First year at Bear, Stearns. 🤦‍♂️

The dude could literally not get the financing. Which is why he now tweets Putin. Whatever MBS wants from him, he got it too.

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manbehindthespraytan t1_isvulj2 wrote

Replying to Bewaretheicespiders (#132,706)

Yes, money moved. No one bought more than those that sold, for money. When people move the value (money) back to themselves or anywhere else... the value (based on currency) moved. Thankyou for giving me a chance to correct your misconception.

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Bewaretheicespiders t1_isvw62k wrote

Replying to manbehindthespraytan (#138,781)

Money doesnt even have to move. Just changing the bids and asks without resolving any transaction would change the market capitalization. Certainly money does not have to move to or from Musk for Tesla share prices to change.

If you want to correct misconceptions, first learn.

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Rmf16 t1_iswk55g wrote

Damn I feel so bad for all of them

/s

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harsha_cg t1_it2rm5a wrote

Bcz Adani is the Only billionaire who own a prime minister

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