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re: Elon Musk net worth perspective
Posted on 6/2/26 at 11:40 pm to Jimbeaux
Posted on 6/2/26 at 11:40 pm to Jimbeaux
quote:
You realize that his wealth is not like stacks of money sitting in a bank? I know you do, but many simpletons don’t seem to know that.
I tried to explain this to a leftist once that if Elon or Bezos sold all their stock it would immediately devalue the company and cost billions to the world making everyone poorer.
But they are convinced he has 900 billion just sitting there doing nothing.
This post was edited on 6/2/26 at 11:41 pm
1
Posted on 6/2/26 at 11:46 pm to Kafka
quote:
what is it like?
Investments such as art, gold, crypto, stocks and the like. I read somewhere that most billionaires' net worths have a surprisingly small fraction of cash or liquid savings (often less than 5%). Their net worth is a value the market places on their investments.
Posted on 6/3/26 at 12:05 am to RollTide1987
I wonder what Elon’s liquidity is. That would be what part of his net worth can be turned into cash in less than 12 months.
Of course he could buy anything he wants regardless of liquidity because any finances would give him whatever credit he wants.
Of course he could buy anything he wants regardless of liquidity because any finances would give him whatever credit he wants.
Posted on 6/3/26 at 12:14 am to Jeebus
Just for the sake of clarity.
If Elon had 900 billion in cash, which I know he doesn't because he couldn't carry that much because he doesn't wear cool cargo pants, like me.......he could give one million dollars to 900,000 people.
check my math please.
If Elon had 900 billion in cash, which I know he doesn't because he couldn't carry that much because he doesn't wear cool cargo pants, like me.......he could give one million dollars to 900,000 people.
check my math please.
Posted on 6/3/26 at 12:17 am to jeffsdad
Which might be every head of household in Louisiana.
just guessing there.
And I'm the head of a household.
just guessing there.
And I'm the head of a household.
Posted on 6/3/26 at 12:25 am to castorinho
I saw a post on reddit saying if he was a decent human being he would give every poor person in the US a million and fly all the citizens of war stricken countries here. There was like 90 likes to that post.
Posted on 6/3/26 at 12:29 am to Jeebus
quote:
That family would have to work 11 million years to reach $970 billion.
Posted on 6/3/26 at 1:06 am to Tifway419
Envy used to be a sin.
Posted on 6/3/26 at 5:11 am to Jeebus
And yes, the OT blames boomers for amassing wealth. Go get elon.
Posted on 6/3/26 at 5:19 am to Jeebus
Musk is very different from the average Joe. When asked what’s it like to be like him, Musk answered that you don’t want to be like him.
His mind races 24/7. He’s OCD. Workaholic. Driven.
Combine that with being extremely intelligent and a visionary. $$$
His mind races 24/7. He’s OCD. Workaholic. Driven.
Combine that with being extremely intelligent and a visionary. $$$
Posted on 6/3/26 at 5:22 am to HailHailtoMichigan!
quote:
I really don’t understand why some of you people are obsessed with his net worth
HE is the richest man in the world. Of course its going to be discussed. It is something that we all pine over. Having the most toys wins is just the truth. We all want more weather we say it or not. Its human nature.
Its the same as everyone talking about Sydney Sweeney right now. She is the top bitch in the entertainment world for looks right now. Or at least in our minds and the media. Its going to be talked about. AS she should
Posted on 6/3/26 at 5:25 am to wareaglepete
quote:
I wonder what Elon’s liquidity is. That would be what part of his net worth can be turned into cash in less than 12 months. Of course he could buy anything he wants regardless of liquidity because any finances would give him whatever credit he wants.
I wonder how much money he’s borrowed against his stock holdings.
This post was edited on 6/3/26 at 5:26 am
Posted on 6/3/26 at 5:37 am to Jimbeaux
quote:
You realize that his wealth is not like stacks of money sitting in a bank? I know you do, but many simpletons don’t seem to know that.
It is surprising how many people do not understand this.
Posted on 6/3/26 at 6:21 am to holdmuh keystonelite
quote:
I saw a post on reddit saying if he was a decent human being he would give every poor person in the US a million and fly all the citizens of war stricken countries here. There was like 90 likes to that post.
If he was a decent person he would fly all the poor people to war stricken countries.
Posted on 6/3/26 at 6:27 am to castorinho
We found the freeloader.
Posted on 6/3/26 at 6:34 am to 3nOut
quote:
But they are convinced he has 900 billion just sitting there doing nothing.
That “they” believe they are entitled to.
Posted on 6/3/26 at 6:52 am to Kafka
quote:quote:what is it like?
You realize that his wealth is not like stacks of money sitting in a bank?
The bulk of his net worth is the market value of the fraction of Tesla he owns.
Unlike stacks of money sitting in a bank, he can’t just go out and spend billions of dollars tomorrow.
Also unlike cash, any number of global events outside of his control can chop that number in half in a matter of days or weeks. Keep in mind that market value is what someone else is willing to pay for it today.
Posted on 6/3/26 at 6:54 am to Oilfieldbiology
quote:
I wonder how much money he’s borrowed against his stock holdings.
I can't imagine the rate discount he would get for a PAL.
Posted on 6/3/26 at 6:55 am to Dadren
Also imagine having to get permission from the federal government to make a withdrawal.
Posted on 6/3/26 at 6:56 am to Tifway419
quote:
That was you in the LSU PFG shirt?
Yes, the Columbia one because it was Sunday (Magellans are for the weekdays). Even had my best pair of Hey Dudes too.
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