While that’s definitely accurate, that stock is a better asset than cash most of the time. There’s a reason most rich people have their wealth in stocks: becaus

While that’s definitely accurate, that stock is a better asset than cash most of the time. There’s a reason most rich people have their wealth in stocks: because it’s more effective in the long run for generating wealth than hard cash. So I don’t think saying “it’s just in a semi-illiquid asset” really detracts from the fact that it’s a huge amount of wealth. In fact, if it was all in cash, Elon would be “worse off” in the long run. (In that it wouldn’t be able to grow the way that it needs to to generate more wealth.) Obviously there is more nuance, but “it’s not real money” is a very common counterpoint to someone saying “they are very rich,” and usually used to make it seem like the rich person isn’t as rich. But they’re actually richer for having stocks.