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Author Topic: Elon Musk becomes world's richest person as wealth tops $185bn  (Read 663 times)

Nearly Sane

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Elon Musk becomes world's richest person as wealth tops $185bn
« on: January 07, 2021, 05:34:11 PM »
This baffles me. The increase in Bezos's wealth over the last year is understandable but Musk's increase seems overly exuberant.


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

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Re: Elon Musk becomes world's richest person as wealth tops $185bn
« Reply #1 on: January 07, 2021, 07:44:48 PM »
He can spare me a couple of billion then, can't he. Maybe I should send him an email pleading my case.
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jeremyp

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Re: Elon Musk becomes world's richest person as wealth tops $185bn
« Reply #2 on: January 08, 2021, 01:51:05 PM »
Quote from: Nearly Sane on January 07, 2021, 05:34:11 PM
This baffles me. The increase in Bezos's wealth over the last year is understandable but Musk's increase seems overly exuberant.


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

It's because Tesla is massively overvalued at the moment and lots of Musk's wealth is tied up in Tesla shares.
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jeremyp

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Re: Elon Musk becomes world's richest person as wealth tops $185bn
« Reply #3 on: January 08, 2021, 01:54:28 PM »
Quote from: ad_orientem on January 07, 2021, 07:44:48 PM
He can spare me a couple of billion then, can't he. Maybe I should send him an email pleading my case.

He could give everybody on Earth $26 or find the poorest one million people on Earth and give them all $185,000.

Except he couldn't because a lot of his wealth isn't liquid.
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Nearly Sane

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Re: Elon Musk becomes world's richest person as wealth tops $185bn
« Reply #4 on: January 08, 2021, 01:57:20 PM »
Quote from: jeremyp on January 08, 2021, 01:51:05 PM
It's because Tesla is massively overvalued at the moment and lots of Musk's wealth is tied up in Tesla shares.
Yes, I know that. It's the massive overvaluing that I find baffling.
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jeremyp

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Re: Elon Musk becomes world's richest person as wealth tops $185bn
« Reply #5 on: January 08, 2021, 05:16:32 PM »
Quote from: Nearly Sane on January 08, 2021, 01:57:20 PM
Yes, I know that. It's the massive overvaluing that I find baffling.

People have been convinced that Tesla is going to be hugely profitable in the future which I suppose it might be. Personally, I'm sceptical.

Musk himself is a snake oil salesman IMO.
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Nearly Sane

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Re: Elon Musk becomes world's richest person as wealth tops $185bn
« Reply #6 on: January 08, 2021, 05:19:37 PM »
Quote from: jeremyp on January 08, 2021, 05:16:32 PM
People have been convinced that Tesla is going to be hugely profitable in the future which I suppose it might be. Personally, I'm sceptical.

Musk himself is a snake oil salesman IMO.
Completely with you. Now many years ago it might be argued that the same once applied to Bezos...
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