People give him 170 to 300$ for worthless share. He get to keep this money, now the valuation on the shares he have got up because people hedge fund were fighting for the useless one. Now when the dust settles we will see how Musk will do but in any case he got out with a filthy bunch of money
Almost all of them. That’s how the Epstein class fund their lifestyles, they borrow against their stocks. This is why the Epstein class always want low interest rates; it is not about mortgages, at least not the kind where someone is homeless because they missed a payment.
Yeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.
World’s first ex-trillionaire , yes?
Nope. Since everyone bought his shares he got to keep their money
That’s… not how this works.
People give him 170 to 300$ for worthless share. He get to keep this money, now the valuation on the shares he have got up because
peoplehedge fund were fighting for the useless one. Now when the dust settles we will see how Musk will do but in any case he got out with a filthy bunch of moneyBy that logic he’s not a trillionaire at all. They only sold 4% of the company for some 68 billion USD. A trillion dollars was never liquidated.
Edit: 4.3% and 75 billion are the correct numbers.
He gets to borrow against the shares as if he has that trillion in cash.
I wonder what his will looks like. Who gets to keep it all if he ODs on Ketamine.
What moron bank would lend against no actual collateral.
Almost all of them. That’s how the Epstein class fund their lifestyles, they borrow against their stocks. This is why the Epstein class always want low interest rates; it is not about mortgages, at least not the kind where someone is homeless because they missed a payment.
https://taxproject.org/carried-interest/
Yeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.
No, SpaceX’s valuation hasn’t really decreased significantly. Musk is still comfortably a trillionaire.