@Pinex_uj@its_kipleting@Bhuvan_RJ46 It doesn’t matter. He got his paper contract of ownership valued at a certain $, that’s all that matters in capitalism. All wealth is paper. Ambanis paper stake valuation may be more stable but it’s still a paper contract stake valued at x.
@Pinex_uj@its_kipleting@Bhuvan_RJ46 He just raised 75 billion in cold cash off the IPO. It might be a hard concept to grasp but in modern capitalism everything is paper. That paper valuation led to real cash which can be used to make real rockets.
@Pinex_uj@its_kipleting@Bhuvan_RJ46 Ambani isn’t working in the factories generating more value than musk. He owns the companies through paper legal agreements just like Musk. Musk just knows how to play the capitalism game better and got paper ownership stakes valued higher even with 0 profits.
@RaBawmjs@SimonHoiberg I am also an ex nyc finance guy who has been to 50+ counties and spent a bunch of time in London and Switzerland. The US is still the biggest and I’m saying other than the US these 3 countries are still top tier business centers. Everywhere else is a joke.
@RaBawmjs@SimonHoiberg Again you’re missing the point, I’m saying other than the US those 3 countries are top tier, including the big pharma, energy, manufacturing and finance. Keep in mind the US is only 25% of the world economy
@RaBawmjs@SimonHoiberg Again not everything is a tech startup. The biggest banks are in China, the biggest pharma companies are in Switzerland and there are plenty of other multinationals headquartered in London. Not arguing but you can’t discredit these 3 places are top tier
@RaBawmjs@SimonHoiberg Not everything is a tech startup, for everything else like pharma, energy, construction, manufacturing or finance UK/Switzerland/China are top too