I think it's a lot easier to just wait one or two more years for him to match my wealth

He probably already is less wealthier than you. To save taxes the rich lend money, with shares as security. since they don't own the money, no taxes are paid for it. When it comes to paying back, they sell some shares and pay the interest with it and the cycle starts again.

wow

Its truly crazy how far back in time you have to go.

I had been thinking to post some temporal context, but you already provide it; well done!