Forum | I'm sure this will go down well by StokieBlue

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I'm sure this will go down well 23:38 - Jan 7 with 2685 views

Musk is now the worlds richest person with a personal wealth in excess of 185bn USD:

https://www.bbc.co.uk/news/technology-55578403

Insanely this isn't actually historically high. Adjusted for time Rockafeller would be worth in excess of 400bn USD which is absurd.

SB

[Post edited 7 Jan 2021 23:39]

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I'm sure this will go down well on 10:35 - Jan 8 with 245 views

Guthrum

I'm sure this will go down well on 10:22 - Jan 8 by Radlett_blue
Xerox invented the mouse, but Apple made use of it. Interestingly, when the Macintosh was launched in 1984 it cost $2500 (the equivalent of $6000 today) but it still sold well.

Partly because it was touted as a specialist bit of kit (renowned for its graphics handling). Altho the real breakthrough in popular computing came with machines like the BBC Micro, which cost in the region of £400.

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I'm sure this will go down well on 13:45 - Jan 8 with 216 views

J2BLUE

I'm sure this will go down well on 01:13 - Jan 8 by Guthrum

Not suggesting Musk is poor, or couldn't raise the funds to do pretty much whatever he wanted (vis. SpaceX).

But there are limits to what one could buy. Unless somebody's willing to sell him a small country, there are no assets in that price range. Purchasing a large corporation would see him in the same situation as now, with his funds tied up in business.

Also, that valuation is still based more on promise and PR than concrete profitability. Tesla may turn the corner to being a successful business (do seem to be heading in the right direction), or they might be wiped out by someone else's innovation in a developing marketplace.

I'm not sure that we're disagreeing. I'm thinking of people drinking water from muddy swamps and starving in the world when someone is worth that kind of money. As you say, he could access the funds to do pretty much anything.

@Dolly - Musk hasn't done anything wrong. Just morally I have an issue with it. I'm not suggesting we cap the wealth of individuals but for me once you get over a certain level it becomes a moral issue. Just my opinion.

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I'm sure this will go down well on 14:21 - Jan 8 with 210 views

Radlett_blue

I'm sure this will go down well on 13:45 - Jan 8 by J2BLUE

Musk's assets aren't readily accessible & he's by no means done with his businesses. In time, he may turn out like Bill Gates, who after Microsoft became boring & mature, has gradually tried to give most of his money to good causes. Warren Buffett, worth $85bn, pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation.

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I'm sure this will go down well on 14:34 - Jan 8 with 205 views

J2BLUE

I'm sure this will go down well on 14:21 - Jan 8 by Radlett_blue
Musk's assets aren't readily accessible & he's by no means done with his businesses. In time, he may turn out like Bill Gates, who after Microsoft became boring & mature, has gradually tried to give most of his money to good causes. Warren Buffett, worth $85bn, pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation.

Yep I get that but £1bn now makes an impact now. I know that sounds obvious but once you've provided heirloom seeds, tools, animals etc hopefully that becomes self sustaining and the benefits start now. Not to mention the immediate benefits providing healthcare gives people.

I know it's a little idealist but as Guthrum says, he could find the money for virtually anything. I realise he's kind of snookered by his compensation deal so he can't sell massive amounts of stock or give it away but i'm sure he has the means to help people right now using a significant and safe chunk of that net worth.

Again, I realise he might well do a lot more than we know. I doubt it from his general attitude to most things, but he might.

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