re: Elon Musk Now The 1st Person to have a net worth at 500 Billion. What's next for him?

The first 500billion is the hardest. Should be smooth sailing from there to a trillion.

I thought i remember reading somewhere that Rockefeller's net worth at its peak would be about 600 Billion in today's dollars? Doesn't matter really. Once you have a Billion, what's 5 or 6 hundred more?

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Gates and others have bought a lot and they want to control what we eat.

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Gates has a very small percentage of farmland...

I’ve always wondered how liquid he is. The majority of his wealth is simply the FMV of all his assets that make up his empire. Which is by no means a negative.

Not that it matters because like most billionaires he probably lives off various lines of credit backed by his assets from various banks.

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That doesn’t sound crazy at all…

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you really think the most powerful people in the world are publicly known? Oh you sweet summer child

I remember the "Elon is a Nazi!" crowd was celebrating a few weeks ago when he was dethroned as the richest man. Ooops!

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Private ownership is generally held back in value hence the IPO’s that make a company skyrocket over night. That number you used of 168 billion would increase 6-10 fold easily. Look back at google IPO or any similar company and see where stock value went from the teens to the hundreds.

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Private company values are lower than public ones because their shares aren’t easily transactable. I’ve sold a number of private companies to private, as well as public companies. I’m familiar with the bump in EBITDA (or in this case, revenue) multiples as private goes to public, but 6 to 10 times the value is a ridiculous estimate. It has happened before, but so has it happened that the market cap of a recently IPOed company has plummeted. A reasonable guess would be that the public company would be worth about 1.5 times what the private company is estimated to be.

At time of IPO and weeks following after buying inertia subsides as they tend to dip but as a year goes by with the wave of these new millennia companies they explode. Something like SpaceX easily could have 200-300 or more per share in offering and 5 fold in a year or two. It would be the largest valuation of any company ever in 5 years

They are so powerful that they are beyond “money”.
“Wealth doesn’t even describe it.

Focus on mars and get me away from you earthlings.