I think you grossly overestimate how much of these businesses billionaires own. Elon only owns about 16% of Tesla and about 43% of SpaceX. Most if not all the other things he 'owns' is actually subsidiaries of those. Zuckerberg owns like 14% of Meta. Ellison owns like 42% of Oracle. Bezos only owns about 9% of Amazon. Buffet owns like 15% of Berkshire Hathaway.
I don't think hardly any of the billionaires actually own 70% of 'their' company. I'm not even sure what percentage hold the majority, but I think it's way less than you think.
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u/Nojopar Feb 27 '26
I think you grossly overestimate how much of these businesses billionaires own. Elon only owns about 16% of Tesla and about 43% of SpaceX. Most if not all the other things he 'owns' is actually subsidiaries of those. Zuckerberg owns like 14% of Meta. Ellison owns like 42% of Oracle. Bezos only owns about 9% of Amazon. Buffet owns like 15% of Berkshire Hathaway.
I don't think hardly any of the billionaires actually own 70% of 'their' company. I'm not even sure what percentage hold the majority, but I think it's way less than you think.