| Elon Musk's wealth 15:31 - Jan 1 with 2913 views | noggin |
increased by $200 billion in the last year.
I'm genuinely lost for words. It's success and should be admired,apparently 😟 |  |
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| Elon Musk's wealth on 15:53 - Jan 1 with 2801 views | nrb1985 |
It is related to the share price of Tesla. It's not $200bn sat in an account somewhere.
If we have another year in markets like 2022 next year then his wealth will likely go down by $200bn.
It is a colossal amount of wealth I agree but he can't in reality realise much if any of it (not a good look if the CEO suddenly starts dumping stock of his own company).
However, none of the above makes him any less of tw@t. [Post edited 1 Jan 15:54]
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| Elon Musk's wealth on 16:04 - Jan 1 with 2742 views | NthQldITFC |
It's disgusting and irresponsible in a world of poverty and social fragmentation, and almost certainly facing imminent climate system breakdown.
Success = Biggest pile of abstract money possible, apparently.
Funny thing is, in all the pics and vids I've seen of him, he never looks genuinely free and happy.
How peculiar! Perhaps we've got it wrong? |  |
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| Elon Musk's wealth on 16:07 - Jan 1 with 2726 views | Trequartista |
Doesn't really affect me and I don't have envious resentment of wealthy people. Can't stand the gimp, mind. |  |
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| Elon Musk's wealth on 16:16 - Jan 1 with 2667 views | StokieBlue |
That's small change.
He's got 4 years to manipulate a President and the US government into making him the worlds first trillionaire.
SB |  | | |
| Elon Musk's wealth on 16:21 - Jan 1 with 2632 views | Guthrum |
| Elon Musk's wealth on 15:53 - Jan 1 by nrb1985 |
It is related to the share price of Tesla. It's not $200bn sat in an account somewhere.
If we have another year in markets like 2022 next year then his wealth will likely go down by $200bn.
It is a colossal amount of wealth I agree but he can't in reality realise much if any of it (not a good look if the CEO suddenly starts dumping stock of his own company).
However, none of the above makes him any less of tw@t. [Post edited 1 Jan 15:54]
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This. It's entirely notional worth. The very act of selling shares en masse would reduce the value drastically.
Tho he does (attempt to) pay himself quite well, too. https://www.theguardian.com/technology/2024/dec/02/elon-musk-tesla-pay-package |  |
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| Elon Musk's wealth on 16:27 - Jan 1 with 2598 views | nrb1985 |
I believe he pays next to no tax in his personal capacity either.
Moreover, the bank lends him his living expenses each year against the value of his Tesla stake, so he pays the interest rate on the loan (~5% pa) instead of the tax.
Smart but immoral, albeit immoral and Musk seem to go hand in hand these days sadly. [Post edited 1 Jan 16:28]
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| Elon Musk's wealth on 16:47 - Jan 1 with 2478 views | Illinoisblue |
| Elon Musk's wealth on 16:16 - Jan 1 by StokieBlue |
That's small change.
He's got 4 years to manipulate a President and the US government into making him the worlds first trillionaire.
SB |
Musk and Trump is as toxic and evil a combination you could ever see. It’s going to be ugly. |  |
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| Elon Musk's wealth on 16:51 - Jan 1 with 2442 views | J2BLUE |
| Elon Musk's wealth on 15:53 - Jan 1 by nrb1985 |
It is related to the share price of Tesla. It's not $200bn sat in an account somewhere.
If we have another year in markets like 2022 next year then his wealth will likely go down by $200bn.
It is a colossal amount of wealth I agree but he can't in reality realise much if any of it (not a good look if the CEO suddenly starts dumping stock of his own company).
However, none of the above makes him any less of tw@t. [Post edited 1 Jan 15:54]
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Great stuff, we'll have some shares then for the national wealth fund rather than just saying oh well, we can't get to it. Try not paying your taxes and then saying but my net worth is all in assets! |  |
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| Elon Musk's wealth on 16:58 - Jan 1 with 2413 views | BlueBadger |
| Elon Musk's wealth on 16:07 - Jan 1 by Trequartista |
Doesn't really affect me and I don't have envious resentment of wealthy people. Can't stand the gimp, mind. |
I mean, he literally bought the US presidency last year and is actively trying to do the same here. [Post edited 1 Jan 17:47]
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| Elon Musk's wealth on 17:01 - Jan 1 with 2369 views | noggin |
| Elon Musk's wealth on 15:53 - Jan 1 by nrb1985 |
It is related to the share price of Tesla. It's not $200bn sat in an account somewhere.
If we have another year in markets like 2022 next year then his wealth will likely go down by $200bn.
It is a colossal amount of wealth I agree but he can't in reality realise much if any of it (not a good look if the CEO suddenly starts dumping stock of his own company).
However, none of the above makes him any less of tw@t. [Post edited 1 Jan 15:54]
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Wealth is wealth, be it cash or assets. Why have cash in the bank, when assets earn more? | |
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| Elon Musk's wealth on 17:26 - Jan 1 with 2288 views | noggin |
Bloots has had a couple of winegums, I see 😂 | |
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| Elon Musk's wealth on 19:13 - Jan 1 with 2066 views | Guthrum |
| Elon Musk's wealth on 17:01 - Jan 1 by noggin |
Wealth is wealth, be it cash or assets. Why have cash in the bank, when assets earn more? |
It's more that assets are a floating, largely imaginary figure - as opposed to a strictly defined cash balance. The former can be freely used as collateral for borrowing as well, at whatever figure the two sides are prepared to agree on.
How the indebtedness of those assets is taken into account can be interesting, too. | |
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| Old man Noggin still ignoring me, I see. (n/t) on 19:18 - Jan 1 with 2036 views | Bloots |
| Elon Musk's wealth on 17:26 - Jan 1 by noggin |
Bloots has had a couple of winegums, I see 😂 |
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| "He's been a really positive influence on my life, I think he's a great man" - TWTD User (May 2025) |
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| Elon Musk's wealth on 20:50 - Jan 1 with 1855 views | SuperKieranMcKenna |
| Elon Musk's wealth on 16:51 - Jan 1 by J2BLUE |
Great stuff, we'll have some shares then for the national wealth fund rather than just saying oh well, we can't get to it. Try not paying your taxes and then saying but my net worth is all in assets! |
That we don’t already have a sovereign wealth fund is on our successive, short-sighted and feeble politicians. Had we done so we wouldn’t need to add a million people a year to fund our pensions, not have a record national debt whereby we pay more in interest than we do funding our education system.
Not only that, the government could have large enough stakes to be activist investors, overseeing Executive remuneration, tackling greenwashing etc. instead our useless politicians gave away our natural resources for pitiful licences, failed to create a national investment vehicle, and kicked the pension can down the road. By some estimates the black hole for public sector pensions is as nearly as large as our economy (£2.6trn). That’ll be future generations paying that off. | | | |
| Elon Musk's wealth on 20:57 - Jan 1 with 1830 views | suffolkpoker |
| Elon Musk's wealth on 16:27 - Jan 1 by nrb1985 |
I believe he pays next to no tax in his personal capacity either.
Moreover, the bank lends him his living expenses each year against the value of his Tesla stake, so he pays the interest rate on the loan (~5% pa) instead of the tax.
Smart but immoral, albeit immoral and Musk seem to go hand in hand these days sadly. [Post edited 1 Jan 16:28]
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That’s no differnt to remortgaging a buy to let property and go travelling and rent it out.
He is just dealing in the billions and not in a few buy to let’s 😂 |  |
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| Elon Musk's wealth on 21:40 - Jan 1 with 1699 views | Durovigutum |
| Elon Musk's wealth on 16:27 - Jan 1 by nrb1985 |
I believe he pays next to no tax in his personal capacity either.
Moreover, the bank lends him his living expenses each year against the value of his Tesla stake, so he pays the interest rate on the loan (~5% pa) instead of the tax.
Smart but immoral, albeit immoral and Musk seem to go hand in hand these days sadly. [Post edited 1 Jan 16:28]
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Yep. This is how most truly "rich" people pay themselves. The tax rate can be whatever you want, when you get to properly rich you stop paying tax - unless you tax assets tied to the country of situation, like farms... |  | | |
| Elon Musk's wealth on 22:07 - Jan 1 with 1621 views | mutters |
Just wait till SpaceX floats, the you'll see his wealth go even more crazy |  |
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| Elon Musk's wealth on 22:20 - Jan 1 with 1584 views | nrb1985 |
| Elon Musk's wealth on 22:07 - Jan 1 by mutters |
Just wait till SpaceX floats, the you'll see his wealth go even more crazy |
I assume the current valuation of SpaceX is accounted for in whatever figure the OP referenced.
Also, with rates at around 4.5%, not sure you'll get the big IPO pops that we saw in 2021 for example. Not impossible but less likely. | | | |
| Old man Noggin still ignoring me, I see. (n/t) on 22:25 - Jan 1 with 1574 views | Lord_Lucan |
| Old man Noggin still ignoring me, I see. (n/t) on 19:18 - Jan 1 by Bloots |
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A Tesla Cybertruck has blown up outside Trump hotel in Vegas, killing one person. |  |
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| Elon Musk's wealth on 01:32 - Jan 2 with 1359 views | Xatticus |
| Elon Musk's wealth on 16:47 - Jan 1 by Illinoisblue |
Musk and Trump is as toxic and evil a combination you could ever see. It’s going to be ugly. |
It seems a waste to package them. Ian Fleming would've given each their own book. | | | |
| Elon Musk's wealth on 11:21 - Jan 2 with 1006 views | mutters |
| Elon Musk's wealth on 22:20 - Jan 1 by nrb1985 |
I assume the current valuation of SpaceX is accounted for in whatever figure the OP referenced.
Also, with rates at around 4.5%, not sure you'll get the big IPO pops that we saw in 2021 for example. Not impossible but less likely. |
Once SpaceX floats I'm imagine that the price will rocket (see what I did there?) post IPO launch. So they are probably currently basing it on the last round of VC investment | |
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