{"type":"rich","version":"1.0","title":"I.am.not.a.number wrote","author_name":"I.am.not.a.number (npub1cg…vtnyr)","author_url":"https://nostr.now/npub1cgmkpplph6pd7ajut4cwktl2mczxtzlqvxv3vv2ez7r9sjc926csnvtnyr","provider_name":"njump","provider_url":"https://nostr.now","html":"https://x.com/simondixontwitt/status/2065702412787048658\n\nNot to take anything away from Elon Musk’s financial achievement, but understanding the difference between sovereign wealth and subordinated wealth is useful when saying that he has become the world’s first trillionaire.\n\nPeople see Forbes rankings and think that’s where the real money is.\n\nThe House of Saud, Abu Dhabi’s Al Nahyan family, Qatar’s Al Thani family, the Rothschilds, the Rockefellers, sovereign wealth families, and the broader financial-industrial complex have spent generations building influence over capital, banking, energy, debt markets, institutions, and the rules of settlement itself.\n\nMost billionaire wealth is marked-to-market. It is a quoted value based on public company shares, liquidity, credit conditions, lenders, institutional shareholders, asset managers, and collateral rules.\n\nDirect control of wealth is different.\n\nMuch of the world’s wealth is not publicly visible. \n\nPrivate companies, trusts, foundations, sovereign entities, and offshore structures rarely appear on rich lists. \n\nPrivacy, control, and asset protection are features of wealth preservation, not bugs.\n\nYou’re a trillionaire when you can send a trillion dollars of Bitcoin in a single transaction (and nobody in the world can do that yet), or load a trillion dollars of gold onto a ship in your name and move it without permission.\n\nEverything else is subordinate to someone else’s balance sheet, rules, and approval.\n\nVisible wealth and actual financial power are not the same thing.\n\nI encourage sovereign wealth over subordinated wealth.\n\nOnly sovereign wealth is true freedom.\n\nFollow the money.\n\nnostr:npub1546jstdajzf6gw4plvr6z4kpcaxtvl3h0zjdv5gw8tx8uup5d6rq8ef9mt \n\n13.06.26\n\n#simondixon #elonmusk"}