June 13Jun 13 Even if we assume that these are assets, he's still got way more money than he actually needs. Surely?Feel free to correct me if I'm wrong on any of that. That's what I've seen people say about billionaires; that they don't have billions in actual money.
June 13Jun 13 2 minutes ago, Hassaan said:Even if we assume that these are assets, he's still got way more money than he actually needs. Surely?Feel free to correct me if I'm wrong on any of that. That's what I've seen people say about billionaires; that they don't have billions in actual money.True, most of the super-rich's wealth is in a company's assets, or other stock, equities, investments of various kinds and any other kind of financial asset. Vast majority of it is illiquid, they don't have ready access to instantly withdraw it all and spend $X billion and for company owners like Musk, keeping it illiquid so he retains majority share control over his allegedly public company is the most important use of this wealth. Direction of the company controlled by shareholders? Not if he can outvote anyone else who has a share.
June 13Jun 13 1 hour ago, Iz様 🌟 said:True, most of the super-rich's wealth is in a company's assets, or other stock, equities, investments of various kinds and any other kind of financial asset. Vast majority of it is illiquid, they don't have ready access to instantly withdraw it all and spend $X billion and for company owners like Musk, keeping it illiquid so he retains majority share control over his allegedly public company is the most important use of this wealth. Direction of the company controlled by shareholders? Not if he can outvote anyone else who has a share.But what the rich do is take out massive loans using their large assets as collateral. Allowing them to borrow millions/billions. But as the money is part of a loan etc it isn't subject to tax... One way they are able to avoid paying large amounts of tax
June 14Jun 14 I am so excitedNot for the listing of SpaceX but because this is the exit plan from the Ponzi scheme for the high levels right. So I’m super excited to watch it all crash down and for all the financial investigations after that land muskrat in prison for the rest of his life.Elmo is a con artist, perhaps the best their ever was, but nothing more. I won’t feel bad for retail investors who lose everything they voluntarily put into one of his two companies. If you’re too thick to see the bullshit then that’s a you problem not a me problem. What I am concerned for is the institutional investors. Anyone with a nasdaq index has 15 days to divest before their index fund is polluted with this garbage. They changed all their rules to allow it (which should be raising all forms of Enron pyramid Ponzi scheme red flags) and so when it goes down it’s taking your pension with it. Switch to S&P, they refused to change their rules (12 months of trading history and profitability) for muskrat.I really want to know who is auditing spacex and who signed off on the inflated paper value of Twitter so that musk could pay off his debt to the saudis from spacex‘s bank account. Just as like as professional curiosity. Plus if it’s us I want an exit plan before we get Arthur Andersoned
June 15Jun 15 Gross, be a Mackenzie Scott over a Elon any day. Ps @DanielCarey never realised how hilarious you are. 😂 You are owning this thread!
June 15Jun 15 And he still can't control me thinking he's a prime twat, nazi waste of space who also looks like a toe.
June 15Jun 15 If Musk liquidated all his assets and donated everything to the UK Treasury, we could all have a year off from paying taxes. Yes, his paper wealth is roughly the same as the UK's tax income.
June 15Jun 15 This is enough money to eradicate poverty in some parts of the world and go a good distance towards closing the wealth gap at least temporarily, and he instead chooses to champion far right groups, incite violence and reposting stills from a Batman movie and framing it as immigrants causing riots. Scumbag, it is a sad picture of the world we live in that this is what gets you rich.
11 hours ago11 hr On 12/06/2026 at 21:40, DanielCarey said:There are 31,593 people signed up to Buzzjack. If we were to split Elon’s vast, vast wealth between us, we’d have nearly £38 million each. What would you do with that money?Yes please 🙏
10 hours ago10 hr If you put $1 into an account every second, with no interest, it would take 31,500 years to reach Musk's wealth.
9 hours ago9 hr Congratulations to Elon on becoming the first ever trillionaire to lose his status as a trillionaire!Couldn’t have happened to a nicer person ☺️
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