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Comment on "Morbidly Wealthy": The world’s five richest men have more than doubled their fortunes from $405b to $869b since 2020—at a rate of $14m/hr—while nearly five billion people have been made poorer

nbafantest@lemmy.world ⁨11⁩ ⁨months⁩ ago

Remember, any time you see this headline, they’re cherrypicking the date to after the richest men lost 50% of their wealth in the Stock collapse immediately after covid/lockdowns hit.

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Gloomy@mander.xyz ⁨11⁩ ⁨months⁩ ago
I wanted to check this. It’s not true. At the start of 2020 he had about 25 Billion Net worth. It has gone up as much as 350 Billion in late 2021 and is at 227 Billion as of now. I included a graph that showed the progress untill mid 2023. So no. No cherrypicking.

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- nbafantest@lemmy.world ⁨11⁩ ⁨months⁩ ago
  You can even see the dip in Elon’s networth in 2020 in this chart lol If they had started 1 month earlier, Elons net worth would have only 3x instead they cherry picked a date after Elon’s networth had halved, so instead it 6x’ed.
  
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  - Gloomy@mander.xyz ⁨11⁩ ⁨months⁩ ago
    I don’t see it. Like, honestly, I can’t see it. If you zoom in you can see months and years. I can see no major dip in 2020 at all?
    
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    nbafantest@lemmy.world ⁨11⁩ ⁨months⁩ ago
    
    I don’t see it. Like, honestly, I can’t see it. If you zoom in you can see months and years.
    
    The major dip I see in 2020 was from around 50 billion in Feb to 25 billion in April.
    
    Hey! You found when they cherry picked the dates for this headline! Congrats!
    
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