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Your assertion that he doesn't have 40 billion to spare seems unfounded. Let's look at some actual maths. His net worth has soared in the last 2 years. Forbes
by hackerfromthefu 4y ago
Your assertion that he doesn't have 40 billion to spare seems unfounded.
Let's look at some actual maths.
His net worth has soared in the last 2 years. Forbes (1) has a historical chart with his 2020 NW at 20 Billion, and current at 269 Billion. Is there any indication that his borrowings against his shares has increased in ratio with their appreciation. I can't find info on that but the forbes articles notes the borrowings were subtracted from that NW.
As to what his borrowings were, there's a few articles I found that he had .5 Billion of personal loans in 2020. Since then he sold a lot/all of his houses. His NW also increase by 500 times that amount. Just can't credit your assertion that he couldn't borrow $40 Billion at the drop of a hat with some of his increased 250B share value as collateral.
1 https://www.forbes.com/profile/elon-musk/?list=rtb/&sh=35da44a07999 https://www.forbes.com/profile/elon-musk/?list=rtb/&sh=35da4...