Some of his rewards are shared which makes this part of your statement untrue.
How does he shift the risk to shareholders when he is the largest one? Whatever risk you think he is "shifting" is substantially on his own shoulders.
This I agree with. A market cap increasing 400% While the OS has only increased 40%in 6 years is the future. And while Kim has been exponentially increasing that rate of growth, if he just maintained the average that would put the stock at a PPS of .16 with a 1B OS in 6 more years.