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Ouch. I hope that things pull through. He is taking so much risk on with the SpaceX program, Solar City, and Tesla. I feel like it is a crazy risky bet which wi
by retbull 10y ago
Ouch. I hope that things pull through. He is taking so much risk on with the SpaceX program, Solar City, and Tesla. I feel like it is a crazy risky bet which will either pay off very well or leave him totally broke.
- forgetsusername 10y ago>leave him totally broke. It might wipe him out, but people like Musk don't stay broke for long. Far too clever.
- rm_-rf_slash 10y agoClever doesn't pay the bills, but if [successful and world-renowned entrepreneur] wants to start a company, investors will beat down the door. Guy could end up dead broke, launch a Kickstarter the next day, and meet the funding mark by dinner time.
- arcanus 10y ago> totally broke. I would be absolutely shocked if he doesn't have 10MM stashed away somewhere. No longer a billionare? Sure. But broke, no. Furthermore, he could easily net several million a year just in speaking and consulting fees.
- pinaceae 10y agoplus book and movie deals.
- antoniuschan99 10y agoEver since hearing about him, I've worried he may end up like this guy :$ https://en.wikipedia.org/wiki/William_C._Durant https://en.wikipedia.org/wiki/William_C._Durant
- reality_czech 10y agoElon Musk ends up slinging hamburgers and running a bowling alley to make ends meet? That would make a good headline.
- jandrese 10y agoWow, there have to be some investment banker of the year awards for whomever convinced him and Rockefeller to bail them out after it was blatantly obvious the entire market was on fire. It's telling that when it happened again in 2007 the problem had grown so big that not even sucker billionaires could help, they had to be bailed out by the federal government. This time the sucker was the American people.