4 ms·

Genuinely curious, if Elon takes home zero salary and does not sell any stock, how does he fund a rich lifestyle?

• Ajay-p 5y ago
  Perhaps dividends? Interest on deposits and investments? I would hypothesis that if a person has ten million euros sitting in a bank somewhere, it's not just sitting like dead trees, but perhaps earning interest. Musk does not seem to have too extravagant of a lifestyle, so I presume on what evidence there is, that everything is likely owned and paid for by his companies, as expenses, etc.
• deleted 5y ago
  [deleted]
• archontes 5y ago
  My taking loans using his stock as collateral, he then gets to claim the associated expenses as losses while claiming no gains. See: http://archive.today/j4vAG http://archive.today/j4vAG
  • ergocoder 5y ago
    Why can't we add a law to prevent instead of this weird wealth tax?
    • archontes 5y ago
      A wealth tax is both tidy and more general.
• doopy1 5y ago
  I'm not sure his lifestyle is that rich. He sold all his homes not too long ago and apparently lives in a tiny home built by some company he is invested in. He probably travels via private jet, but maybe that's a business expense?
• purple_ferret 5y ago
  >Elon Musk has US$548 million in personal loans from Morgan Stanley, Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Thursday, an increase of about 8 per cent since Tesla’s previous disclosure in May. https://financialpost.com/personal-finance/high-net-worth/elon-musk-short-on-cash-keeps-borrowing-more-and-more-money-even-as-tesla-stock-surges https://financialpost.com/personal-finance/high-net-worth/el...