19 July, 2020

Quora Answer: Is the Wealth Accumulated by CEOs Such as William Henry Gates III & Jeffrey Preston Bezos the Result of Underpaid Wages?


I am not sure how unpopular this is, but it is certainly factually incorrect.  Much of the wealth that people like William Henry Gates III, Jeffrey Preston Bezos, even Warren Edward Buffet have accumulated is not in cash flow, and thus at the expense of someone else.  Their wealth is tied to the stock of their company.  Since people see value in their business, and there is demand for their stock, the value of their companies have grown.  And since, as the founders, they control much of the stock, their commensurate wealth has also increased.



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