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Comment on Elon Musk gives X employees one year to replace your bank - ‘You won’t need a bank account... it would blow my mind if we don’t have that rolled out by the end of next year.’

fosforus@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

He is the absolute worst at managing his money

I mean he might suck in many ways, but thinking he’s bad with money disregards reality in a profound way.

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feminalpanda@lemmings.world ⁨1⁩ ⁨year⁩ ago
He got his start by his dad’s emerald mine, let’s see how much he has lost over the years.

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- fosforus@sopuli.xyz ⁨1⁩ ⁨year⁩ ago
  His net worth is currently $250B, making him the richest man in the world. In year 2000, his net worth was some tens of millions.
  
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  - feminalpanda@lemmings.world ⁨1⁩ ⁨year⁩ ago
    From January
    
    Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person, according to Guinness World Records. Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report.
    
    From September
    
    Since Musk and partners paid $44 billion including debt, he’s implying that the platform would now change hands for $4 billion (the $44 billion purchase price minus the $40 billion in “value destruction”), for a drop of 90%. In effect, he’s saying that the $31 billion he and his partners invested in equity is totally gone, and a big portion of the debt from provided by the cream of Wall Street sits far underwater.
    
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