Also when you own as much of a company like he does, and try to cash out, you cause the stock to plummet rapidly as you increase the available amount of shares.
It was quite dramatic as he was selling shares to buy Twitter.
Comment on Elon Musk Begs Advertisers to Return as Twitter's Revenue Plunges
sugar_in_your_tea@sh.itjust.works 6 months agoThat’s not exactly how billionaires work, they don’t keep their money as cash, they keep it as equity. So if the value of his companies fall fast enough, he could lose all of his wealth.
Just food for thought.
NotMyOldRedditName@lemmy.world 6 months ago
SuspiciousCatThing@pawb.social 6 months ago
One can hope.