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by anthonygd
1824 days ago
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It sounds like you don't understand how wealth works and you're having some sort of emotional reaction towards "rich people". I just did a quick search for the breakdown, but essential 81% of Elon's wealth is Tesla stock and 14% is SpaceX. The remaining 5% is a combination of assets. The important point is that 95%+ of his wealth is being actively used by other people for things like salaries, research and manufacturing. That's how investing works: you give your money to other people in exchange for some well defined privileges. We talk about those privileges as being worth a certain $x but that's not at all the same as having $x. There is no Uncle Scrooge style vault with cash. Other people are using that money. https://www.businessinsider.com/elon-musk-net-worth-quintupl... |
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