• @lud@lemm.ee
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    -231 year ago

    He is rich as fuck but “worth” is a stupid metric since he could never liquidate all that money.

    He couldn’t “even” afford Twitter that’s why he tried to back out of the deal and had to get investor help to buy it when he was forced too.

    • Cethin
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      201 year ago

      Liquidating is also stupid. That’s not how they access their wealth. They take out loans, using their equity in companies as collateral. They don’t sell off their stocks, because you have to pay taxes on that.

    • @hackitfast@lemmy.world
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      71 year ago

      Realistically, people like Elon Musk have unlimited money. Some governments aren’t even worth as much as him. He could buy governments and control people if he wants (which is what lobbying basically is).

      If he wants to make more money he just has to pay the right people and do a little dance. Liquidation is in some cases completely irrelevant.