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by Arcterus 491 days ago
Saying he isn't even that rich and then saying that he has 1/30th of the total assets managed by BlackRock is completely absurd. I frankly don't understand how you can think one person controlling 1/30th the value of all of BlackRock's managed assets is totally fine and normal. Additionally, as mentioned by others, BlackRock invests on behalf of clients, so unlike Musk, they can't just throw around their money willy-nilly, so the comparison is just disingenuous.

To put this in perspective, the net assets of Google are around $300 billion, and their total assets are around $450 billion. Musk's net worth is roughly $400 billion.