re: Elon Musk net worth perspective

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It is a sign that your parents failed raising you if you, as a grown adult, worry about what other people earn or are worth.

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You think being curious about the net worth of the richest man in the universe is weird and wrong and the result of failed parents?

Say more silly things please. It's entertaining reading this ridiculous crap. Just listen to yourself a second..

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It’s not actual cash or readily available funds

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Yeah. I'm sure he has to give plasma so he can charge up his Tesla.

Powerman, you are funny

You view yourself as “working class/proletariat” even though you earn nearly 200k/year, have a substantial stock and bond portfolio, etc. you sit on the poliboard and complain about “the rich” and “inequality”

Piketty has melted your brain.

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You realize that his wealth is not like stacks of money sitting in a bank?

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Of course not. It’s a giant vault filled with stacks of cash and tons of coins he can swim in.

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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.

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That was surprising to you? Just imagine that you suddenly got handed one billion after tax dollars. What would you do with it? You wouldn’t keep it in cash, because that devalues via inflation. You would invest it in companies - either through private equity or the stock markets. You’d keep about six months living expenses in cash, about two years living expenses in money markets, and the rest in businesses.

If your living expenses were $10 million per year then that would entail $25 million in fairly liquid forms. That would be 2.5% in “cash or liquid savings”. And that’s for someone with just $1 billion. It would be much lower for higher net worth individuals.