this post was submitted on 06 Jun 2025
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[–] [email protected] 1 points 2 days ago (2 children)

While you're absolutely correct, even if Musk lost 99.7% percent of his wealth he would still be a billionaire (depending on whose net worth number you choose to use). I wouldn't hold out seeing him in a bread line or starting a gofundme.

[–] [email protected] 2 points 2 days ago

huh. showerthought:

broke: gofundme woke: sell shares/stocks bespoke: have your company subsidized by the state

[–] [email protected] 0 points 2 days ago (2 children)

The real question is whether the collapse of his house of cards will lead to a 99.7% loss of wealth or >100% loss. He won't be a billionaire anymore if it's the latter.

[–] [email protected] 1 points 2 days ago

He could declare bankruptcy and be a billionaire again tomorrow.

And I don't say this out of any kind of admiration for him; just there's still enough moneyed rubes out there that he could set up a new company making plumbuses and it would hit unicorn status by the end of the day.

[–] [email protected] 3 points 2 days ago

Yeah, he probably will. I know I'd be surprised if he didn't have money squirreled away somewhere.