Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status.
Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the Forbes billionaires list.
Musk owns 12% of Tesla, which is worth more than $1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.
How is that asshole STILL getting richer? If there ever needed a proof that the system is broken, there it is
Imagine if 99% of his net worth were redistributed to the people who need it most and reivested in the economy. And even then, that asshole would still have $5 billion left over.
Almost all of that money is imaginary. Look at Tesla’s $1.5T “worth”. If you liquidated the company down to the staplers and pens, you’re probably only going to get a few billion.
If we’re saying that $1.5T represents current assets and future growth, yikes. Tesla ain’t doing so hot and I hardly expect them to turn it around with this genius at the top. The stock price merely reflects people buying because people are buying. Nothing attracts a crowd like a crowd! Someday that stock is going to crater.
Anyway, same goes for Musk. He can turn but a fraction of that net worth into cash. Imagine if he started selling Tesla stock. First off, the market would panic seeing the CEO dumping his own stock, the price would plummet, instantly. Even if word didn’t get out, the market would still be flooded, driving the price into the ground.
CAVEAT: None of this considers the value of SpaceX. 🤷🏻
$1.5t is the market cap which is simply stock price x # of shares. It has no direct correlation to the assets of the company or the amount of profit it makes. People misunderstand market cap and what it means all the time.
This is a recession indicator
All that money and he still can’t buy a friend.
He might own that much, but he is definitely not worth it.
My math may be off, but, I’m good at my job and I make 1.78E-7 less money than this douche nozzle, who is terrible at everything, and slowly destroys all his companies.
Still one of the most worthless people on the planet
Grind Elon Into a Fine Paste 2025
What’s that neck choppy thing called? Feels like it had a purpose once.
There’s a newer faster model. It travels fast and you can use it long distance. It was used recently on a real piece of shit.
Fantastic! I’m so glad the cure for fascism is in a pill, and has a handy applicator!
deleted by creator
In case you needed more proof that this system does not reward hard work.
and yet he’s a loser
K. Then can he go ahead and fix universal healthcare and fix world hunger?
It would make him a superhero. And people wouldn’t think he was such a raging douche nozzle.
With what money? The vast majority of his “wealth” is imaginary. When Tesla investors, who know damned well they’re riding a bubble, finally decide they’ve made enough money, risked it long enough and it’s time to bail, the bubble pops.
Not saying that because the man is a raging douche nozzle, it’s simply reality.
Funny. He has half my Value.
Gross
Worth? Hahahaha
Reading these comments and people seem to think his money works like their money. It’s so naive it’s disheartening.
Hm? Not sure if you’re referring to me or what you might be (possibly legitimately) thinking, throwing me into a pot of ‘these comments’. Which are? I am intrigued anyhow.
I was just thinking for me, he’s not worth anything. He’s a burden on humanity. But here we go, we make up financials and he’s the top dog.
