Who's the richest person in the world right now?

Numbers Rule Your World 2023-03-06

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Business Insider is running out of breath from having to write and rewrite headlines recently announcing that Elon Musk is now the richest man in the world, no Musk has lost his #1 spot, no he has regained it, etc.

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This is happening because much of the wealth of really rich people is tied up in stock, whose value fluctuate with the blowing wind.

I have a modest proposal.

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We don't have to use daily stock prices to measure the wealth of someone. We should use the trailing 6-month average prices to smooth out the volatile component of their wealth. (3-month, 6-month, or 12-month, depending on how volatile these prices really are).