That's not a "but". Because he developed wealth and access, this is possible for one person when before it wasn't possible for anyone. This is how societies developed everything from refined sugar to rockets, as they passed various thresholds where individuals could afford to try things out.
And all of a sudden, I was bestowed with the greed to acquire more money than I can spend in a single lifetime. If I get cancer, I'd rather be rich and be able to do stuff like that, rather than die quietly.
According to some online sources his total wealth is under $3B. Hardly ‘unfathomable wealth’ IMO. Sure, billionaire territory but nowhere near the ultra-wealthy.
It’s entry-level billionaires club. The top 10 each hold $100B–$300B+, so the wealth distribution is extraordinarily skewed even within billionaires themselves. Musk is hundreds of times richer. Hardly obscenely rich.
Quick, without doing any kind of Googling or calculation: if I asked you to count 3B grains of rice by hand, how long would that take you? How big would that pile of rice be? How long would it take you to eat it?
A billion is already unfathomably large. If you think it isn't, you just haven't tried imagining what a billion of anything would be like.
The problem with this exercise is that I have a few million in wealth and I cannot actually visualize a few million grains of rice but I am fully aware of my total capacity to allocate capital to problems.
Neither $3b nor $300b are realistically unfathomable to me. I find them easy to consider in terms of the projects I can build if I achieved each of these amounts.
As an example I’d have to allocate somewhere between $50m to $250m to get people to vote on a California proposition. I’d need to spend $1.5b to create a wing of a major hospital. I’d need between $100m and half a billion to create a new K-12 school in my city.
These are large sums of money and are currently out of my reach so if AI doesn’t destabilize everything my best bet is to take the same approach each of my ancestors did. Move my children one level up the wealth ladder and hopefully give them the values that help them prioritize these actions and the optimal way of getting there. I think that involves some amount of compounding and then some amount of spending.
The point is that you’re deluding yourself if you think that there is any difference in terms of relative “unfathomability” between 3 billion and 300 billion.
3 billion generates more in interest per day than 99.99% of people make in a year. That’s unfathomable volumes of wealth for even the very rich.
This comment left me speechless... There are just a bit over 3000 billionaires in the world, 900 in the USA. If $3B isn't "unfathomable wealth" I don't know what is.
It’s more like I hope more bad things happen to rich and powerful people so they start doing something against it.
As long as it happens to ordinary people most of then hardly care.
Reminds me of the GOP who was against stem cell treatments until Reagan got Alzheimer‘s
Not only Sid didn't come from any of those backgrounds, neither did the founder of Freshworks who literally started his company based on reading a hacker news comment. [0]