Wednesday, December 26, 2012
Mahathir's billions. An update.
An update on Mahathir's billions...
2) The Wikipedia page listed a source that said Tun M was the wealthiest head of state/government in the world. (http://en.wikipedia.org/wiki/List_of_heads_of_state_and_government_by_net_worth)
3) I checked out the source - (http://www.financetwitter.com/2011/02/marcos-mubarak-mahathir-whos-the-richest-man.html) - and this is what it said:
"Using the same rule of thumb that Mubarak 'earned' about US1 billion to US2 billion annually, Mahathir’s wealth easily top US$22 to US$44 billion over his 22-year of iron-fist rule."
So, basically the source determined the value of a person's wealth by "rule of thumb". Is that a good way of counting money?! Rule of THUMB?! And every year the same amount?
4) Wikipedia has since removed Tun M's name from that listing - obviously the source was laughably questionable. So now if you look back to the same Wikipedia page, you won't find Tun M's name there anymore.