[jasode]

>He bought it for 44 billion. That was mostly loans.

That's not true if media reports about the purchase was accurate. The debt financing was only $13 billion: https://www.google.com/search?q=musk+buys+twitter+%22%2413+b...

The more complete funding structure[1] looked like this:

+ $24 billion : Elon Musk personal wealth (e.g. selling some of his TESLA stock to raise money)

+ $7 billion : other equity investors (Saudi Arabia prince, Larry Ellison, etc.)

+ $13 billion: bank loans

The Twitter puchase was mostly Elon's personal money (~54%) and not debt.

[1] https://archive.ph/L6Mhv

[psychoslave]

https://thepolicytimes.com/top-10-richest-people-worth-more-...

So, a handle of individuals can dwarf most countries GPD.

[syntaxfree]

GDP is a flow per year. Like the flow of water through a pipe. Wealth is a stock. Like the quantity of water in a barrel.

Please pass this on when you see this cheap talking point, thanks.

[tazjin]

And a couple of small countries can dwarf that entire group ;)

https://www.nbim.no/

[saagarjha]

That's only like $1 trillion, so just several of the world's richest people.