How is it possible to be worth a trillion?

[aurpod1980]

Is it just utter madness that one man can be worth a trillion dollars ? $1000 billion Wtaf

Apparently a trillion has 12 zeros (1,000,000,000,000).

Madness that this should be possible. Indecent that any individual would want this more than to benefit humanity and our planet.

It's disgusting, really disgusting.

Just think of the good that could be done with that. Let’s hope he does.

It's disgusting

I can’t imagine that amount of 00s tbh.
He doesn’t look particularly happy. Most of it must be tied up in lots of other things , but no idea 🤷

Well. You take a billion. Multiply it by 1000, and you have a trillion. That’s how.

It’s fairly obscene, isn’t it?!

I’d be a bargain at two trillion.

There's an old saying, "If you want to know what God thinks of money just look at the people he gives it to."

Not sure if it’s still the case, but I read that Elon Musk doesn’t own a house. I find that bizarre, but might be an urban myth. Seems a bit odd.

Nobody is ‘worth’ it. Musk has access to it. But he’s a worthless human if ever there was one.

Just think of what good a decent person could do with all that money. Instead of an arsehole like Musk.

Wasn’t a lot of his original wealth from his dad ?
He is an odd bod.

Isn't it all tied up in Space x? So loads of people bought shares so his company is worth £1tn not him. All the shareholders together own the £1tn surely? ( Clearly, I'm not an economist) Sounds like media speak. Not saying Musk isn't a massive willy waving narcissist who has far too much 💰

Don't get your hopes up. He's a neo nazi. His grandparents were Nazi sympathisers who moved from Canada to South Africa in the 1950s as they liked apartheid. His father is a vile racist, and Elon's own actions show that the apple doesn't fall far from the tree. As I heard online the other day, "... you can take the boy out of apartheid South Africa, but you can't take apartheid South Africa out of the boy".

It would appear that he is now richer than the poorest 46% of the world population, or 3.8 billion people, combined.

The thing that baffles me about this is you could keep a billion dollars, and then have enough money to give the poorest billion people $999 each. Which could get them out of debt and give them money they have never had which they could invest in running a small business or making sure their home was waterproof or whatever.

And the billion you'd have left is still more than I could possibly work out how to spend. I hone as fly get stuck, thinking it through, with what I would even do with £10M, I expect I would spend £50M if I really really tried.

And that's just ONE person. If all the billionaires (3,250 ish people) gave aware 90% of their wealth (so still all having at least a hundred million each) then that would redistribute €18 trillion. That's enough for €4500 dollars for everyone in the poorest 50% of the earth's population which would add about 50% to their average wealth. I know you couldn't do it exactly like that, but it's honestly mental to me that more people don't give away the majority of their wealth, when they have enough for themselves and their family hundreds of times over.

TBF it's mostly calculated as his percentage ownership of his various companies based on the value others apply to those shares. So it's not all in $ bills. But he's rich yes.

But isn't he also the most remarkable person of his generation? Starlink and SpaceX are totally innovative.

If you ever get frustrated at how slow and inefficient the public sector is think about how better and quicker Musk would do it.

Yes he's earned money but he is also a phenomenal innovator and facilitator of tech for the planet.

It's disgusting. Where's robin hood when you need him.
It has been far too easy for him to make money and far to easy for 80% of rest of the world to be poorer. Each one of his dollars is paid for by increasing prices for everyone else in one way or another. He's just collecting numbers now.

He’s really not. He employs some people who are. Most of his wilder ideas are totally unproven. Teslas are shit.

Is it?

Back in 1999 at the height of the sitcom bubble Elon Musk made $22 million by selling the he and his brother company founded in 1995.

Now most people would probably bank the $22 million and not work again. But he risked it to set up a new company X.com in 1999 which then merged with PayPal and then sold to eBay in 2002.

Then in 2002 he founded SpaceX the sale of which today has made him a trillionaire.

So yes he could have just retired with his original $22 million but what makes him different to the rest of us is that it's not just about the money it's about new businesses, developing new products and pushing the frontiers of technology.

On that basis he should be applauded for becoming the first trillionaire.

Totally disagree. There’s never an argument for anyone owning all that.

Also subscribes to the beliefs of Accellerationism (they want to burn the world), and technofascism runs in the family (grandfather thrown out of Canada I think, for his beliefs)

He OWNS a trillion.

But worth is measured differently. I doubt very much he’s WORTH a trillion

So you prefer that people don't set up new businesses and develop new products and new technologies?

Or you're happy if they do but you don't like them getting rewarded if they succeed? Which then raises the question of why would anyone bother setting up such a new business/ technology?