Are you serious? He wants people to think he’s cool SO bad it’s genuinely so pathetic lol. All the other billionaires you could say that. But Elon is so desperate for people to think he’s this funny cool based guy it’s hilarious
For now, he does have that yes, but his wealth is for a significant portion a house of cards built on the value of tesla stock.
If the value of that stock falls far enough, lenders who gave him loans with tesla stock as collateral could margin call him, essentially asking for more collateral.
That could make him the poorest person in the world quite quickly, i.e. billions in debt.
While you’re absolutely correct, even if Musk lost 99.7% percent of his wealth he would still be a billionaire (depending on whose net worth number you choose to use). I wouldn’t hold out seeing him in a bread line or starting a gofundme.
The real question is whether the collapse of his house of cards will lead to a 99.7% loss of wealth or >100% loss. He won’t be a billionaire anymore if it’s the latter.
He could declare bankruptcy and be a billionaire again tomorrow.
And I don’t say this out of any kind of admiration for him; just there’s still enough moneyed rubes out there that he could set up a new company making plumbuses and it would hit unicorn status by the end of the day.
I’d also be surprised if no one goes after him for trying to run away from debts. If we know anything, it’s that most laws only apply when they benefit the rich, and he’ll be making a lot of rich people angry if it turns out he did have extra money squirreled away.
He already has fuck you money so he doesn’t give any fucks.
Are you serious? He wants people to think he’s cool SO bad it’s genuinely so pathetic lol. All the other billionaires you could say that. But Elon is so desperate for people to think he’s this funny cool based guy it’s hilarious
That is partly true, but also he’s a strong narcissist. They make up their own stories. They’ll play up the feud to take eyes off of other bad shit.
Don’t think for a second he lost or he’s gone or it’s all over for him. He doesn’t see it that way.
I swear I have seen a comment very similar to this, not word for word, but pretty much similar structure and words and points describing Kanye.
He already got access to all the data he paid for.
For now, he does have that yes, but his wealth is for a significant portion a house of cards built on the value of tesla stock. If the value of that stock falls far enough, lenders who gave him loans with tesla stock as collateral could margin call him, essentially asking for more collateral. That could make him the poorest person in the world quite quickly, i.e. billions in debt.
While you’re absolutely correct, even if Musk lost 99.7% percent of his wealth he would still be a billionaire (depending on whose net worth number you choose to use). I wouldn’t hold out seeing him in a bread line or starting a gofundme.
huh. showerthought:
broke: gofundme woke: sell shares/stocks bespoke: have your company subsidized by the state
The real question is whether the collapse of his house of cards will lead to a 99.7% loss of wealth or >100% loss. He won’t be a billionaire anymore if it’s the latter.
He could declare bankruptcy and be a billionaire again tomorrow.
And I don’t say this out of any kind of admiration for him; just there’s still enough moneyed rubes out there that he could set up a new company making plumbuses and it would hit unicorn status by the end of the day.
Yeah, he probably will. I know I’d be surprised if he didn’t have money squirreled away somewhere.
I’d also be surprised if no one goes after him for trying to run away from debts. If we know anything, it’s that most laws only apply when they benefit the rich, and he’ll be making a lot of rich people angry if it turns out he did have extra money squirreled away.
His very low self esteem shows otherwise.