Elon Musk becomes world's first half-trillionaire
Elon Musk becomes world's first half-trillionaire
www.bbc.com
Musk becomes first person ever to see wealth top $500bn
Comments
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A more fitting photo
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Half a trillion in equity is so unfathomable in my reality.
$500,000,000,000
Let’s say I ask him for 0.001% of his wealth… I would get $5,000,000.
Now let’s put this into perspective of my reality. If I had $1000 and someone asked me for the same 0.001% of my wealth, I would be handing over $0.01.
One cent.
I understand that this wouldn’t be sustainable if I give everyone one cent from my pot of a thousand… but still. Have a trillion dollars makes me sick.
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More perspectives:
If you divided this amount equally across every human on earth (8,142,000,000), they'd each get about $61.
Only 9 sovereign wealth funds hold more value. https://en.m.wikipedia.org/wiki/Sovereign_wealth_fund
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It’s also different having equity worth that mush vs liquid assets
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Tesla sales dropped by 60%, X is getting Empty, people mock Grock, but he keeps getting richer. It makes no sense
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It is not about product sales or healthy conditions for employees or customer value. It's about using property to get more property. And about financial speculation.
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SpaceX lifts more raw tonnage into orbit than all other agencies and private organizations combined iirc, and directly controls an ever-increasing proportion of US government space-based assets, to say nothing of Starlink. Tesla, while sales have dropped, has not really seen a corresponding sustained drop in stock price (where most of his corresponding net worth from Tesla is actually located) in the meantime, though we will see if that can be sustained long term (I, for one, hope it falls off a goddamn cliff). As for your other point, Twitter (now X) and Grok by extension are, frankly, not a major factor in his worth, when assessed next to those other factors.
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To recover the gold, we must slay the dragon.
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Elon Smaug
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But if we were to tax him he'd... What's the current lie again?
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All we have to do is seal up the loophole that says money borrowed against stock value isn't income.
But I don't even understand why capital gains are not considered income.
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This guy could solve world hunger and all kinds of other things and just chooses not to. And does all kinds of destructive things.
He's an asshole.
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He’s an asshole.
Such an understatement. He is evil. No other word cuts it.
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He’s rotten shmegma discharge mixed with pus
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He could literally be a legend who is remembered forever for his philanthropy, but he chose to buy a president and fuck up a whole ass country with his techbros.
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Imagine being the one who kills the first half trillionaire. Wouldn't that be pretty neat?
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Maybe he could also become worlds first halved half-trillionaire?
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Or perhaps quartered?
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The important thing is that they are equally sized.
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Fuck that guy. I hope he gets pancreatic cancer.
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That shit means nothing. A happy community is worth may more. It has value.
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Can't say the person who's used their children as human shields would know that
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Cool, many Americans are struggling to pay their bills and are close to being on the street...
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At this point if you are still using a Tesla you are supporting racism and sexism
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I'm pretty sure he's aware how "wealth" is calculated and plans his "wealth" accumulation so it looks higher in those stats.
And as the sub-headline says: as soon as Tesla stock fails (wtf did it rise?) he is not ultra rich anymore, I daresay he might be in serious trouble.
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A symptom of a failed society
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fuck this guy
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Musk should have the most expensive handcuffs slapped on him
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Vaporware.
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Not true. Many are trillionaires, depending on the currency you use. I know I'm a millionaire in Cambodia for example.
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What are these numbers?
I don't like him. He is a cunt.
But he is extraordinarily smart. No doubt about it.
He called himself the Chief Engineer at Space X. In fact, he doesn't know shit about engineering. He has no engineering degree. He just hires young engineers, make them work like dogs, and constantly takes credit for anything they achieve. Once they burnout, he kicks them out and replaces them.
He uses his celebrity to attract more young engineers. He actually has an entire team that visits engineering schools and tells young graduates "You have the ability to work for a genius and go to Mars. Wanna join Elon ?". Again, he knows nothing about engineering. He has a financial degree from the Wharton School of Finance.
Elon Musk presents himself as the founder of Tesla. Tesla was actually created by Marc Tarpenning and Martin Eberhard. He simply invested in their company, fired them both, and sued them both. Then, he called himself the original founder of the company.
In exchange of a confidential legal settlement ($$$), Marc Tarpenning and Martin Eberhard must agree to stay silent. A lie repeated 50 times, 100 times, 1000 times, becomes reality. So, many outlets now call Musk the founder of Tesla. Perception shapes reality.
One of the reason he bought X is to shape the algorithm. He has urged millions of dumb people to buy Tesla stocks. And it's working. Dumb people regularly see random accounts on their X feed praising Elon Musk as a genius. And these dumb people actually believe it.
The same way, dumb americans on X constantly saw random accounts attacking Kamala Harris during the 2024 election campaign. At no point did they find it actually suspicious ("Why am I seeing this content ?"). And it played a key role in the election of Donald Trump.
Before the election, Musk was asked how much money DOGE might save. “We can do at least two trillion” he said. At the end of the day, he didn't save shit. But he successfully fired every regulator that was investigating SpaceX or Tesla. That was his real goal.
Reuters and the New York Times published two very good investigations about how Musk knowingly sold defective cars:
🔵 https://www.reuters.com/investigates/special-report/tesla-musk-steering-suspension/
🔵 https://www.nytimes.com/2023/01/17/magazine/tesla-autopilot-self-driving-elon-musk.html?unlocked_article_code=1.qU8.QSjO.OObnmYGrrZh2
You will never guess how Elon reacted 🙃
He started telling people on X :
Translation: "Please don't read quality journalism. That would be super bad for me."
This man is the living proof that technical knowledge doesn't matter in business.
If you are absolutely shameless and skilled at manipulating fools, you can be highly successful.
Quality post
Elon Musk is not smart, it's just that his investors are exceedingly stupid.
I’m going to throw out one counterpoint.
You have not addressed the RESULTS.
Look at his actual tangible successes and tell me how that could happen in a vacuum. Why no other person in history (at least recent history) has achieved these things.
What results? Being wealthy? Tons of people before him have accomplished the same thing. There's always a wealthiest man on earth, Musk isn't the first.
He hit a new high number for wealth, which is a normal expectation with continued economic growth and higher than expected inflation.
To me, results would be Telsa or X actually being profitable and having fundamentals that would support their wildly overvalued stock prices.
He is a lying piece of shit. But I'm definitely not saying he is dumb.
I actually wrote "he is extraordinarily smart."
He is very good at hiring smart engineers and making them work like dogs.
He tells them BS about how sleeping at work will save the world and save humanity. He hires smart people then takes credit for whatever they produce.
A lot of these engineers are technically good but they have zero life experience. Musk love young people like this. It's exactly the kind of people he hired at DOGE.