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

  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.

  source

  • 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.

    source