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He doesn’t have NNN billion dollars, he as stock in companies he controls which is currently valued at NNN billion dollars (whatever his current net worth is).
by db48x 4y ago
He doesn’t have NNN billion dollars, he as stock in companies he controls which is currently valued at NNN billion dollars (whatever his current net worth is). Those are very different things.
- brntsllvn 4y agoPoint taken. But he borrows against those assets. Call his margin 30%. That's still a decent chunk of time.
- coldtea 4y agoNot very different. Let's put it this way, even if he went crazy with it, he'd still die a billionaire even if he gets at a hundrend years old... Heck, Trump is still a billionaire, and he did several bunkrupties, bad investments, BS moves, and stupidity to hurt his public image there is. And he never had 1/100 of what Musk has to begin with...
- gjsman-1000 4y agoNot very different? It’s completely different. Imagine if I printed 1,000,000 shares of a fictional company I owned. Then my parents bought 1 share each for $1 each. I would have a market cap of one million dollars, even though the remaining 999,998 can’t be sold anywhere. Thus, Elon’s net worth only works if he could sell every share, for the share price it is right now. This is impossible - he would crash the stock and make a few billion dollars at most.