The collective wealth of the 4 richest U.S. billionaires surpasses $1 trillion dollars for the first time ever.
The collective wealth of the 4 richest U.S. billionaires surpasses $1 trillion dollars for the first time ever.
362 + 240 + 215 + 202 = 1019 billion
Delay, Deny, Depose.
It still make no sense to me that musks companies are so highly valued.
Eat the rich.
I'll say "OM!" then you all chant back "NOM! NOM! NOM!" in unison.
OM!
Nom nom nom!
Nom nom nom!
NOM! NOM! NOM!
Elon Musk's net worth has increased by $104 billion since the election on November 05, 2024.
Greed kills, kill greed!
This seriously needs an update.
For context, that is about 1% of the GDP of the world.
Well if you want to have fun with that. Take Musks 362B listed here. Assume he does nothing but leave it in the market at the 10yr average growth of 11% interest. I saw the other day... He alone will have around 14T when he dies. Assuming he doesn't live into his 90s. (35 years was what I picked, assuming death at 88)
Edit: Throw in to help understand how much money that is. That's enough money to build a $250,000 house for everyone in America every 20 years (assuming average household is 3 people). Without touching the initial investment, and factoring in 3% annual inflation. Anyone buying a $400k house today that thinks it couldn't be built for $250k using mass purchasing and building teams I would assume to be wrong.
That would free up every rent/morgage payment in America to be spent elsewhere, allowing for economic growth in other areas.
Time for another NYC-Style John Wick
One down
Is there an inflation adjusted version of this? I'm wondering if anyone even in the gilded age got this wealthy.
There is, and they came close. I only remember Rockefeller net worth being something over $250 billion based on economic output.
Actually, looking it up, it could be as high as $400 billion. Ah, the 1800s were pretty worse than today's standards...
At least it looks like people die and fortunes move on. Apparently his descendants are worth only $10 billion collectively now, somehow.
Look at Larry Ellison keeping a low profile. Smart.
We're gonna see our first trillionaire within a decade aren't we.
You can't beat them, but you can ride their coattails a little if you invest in stocks.
Step 1: Have discretionary money
Step 2: Invest
I guess I'm stuck at Step 0.5.
Sadly, that's the case for most, and it always will be since we only elect capitalists.
I always find it sad, when investing companies will have a promotions like "Invest $100,000 and get this amazing benefit."
I don't have a spare $100k to just to drop on investing.
"Fuck you, I'm going to get mine"
thats just gambling but takes longer. at least at the roulette table you find out right away
It's really not.
There are so many ways to invest smart. Hell, it's legal for congresspeople to insider trade (like Nancy Pelosi, Ted Cruz, and others) and there are whole-ass ETF's you can invest in that just follow those legislators' investments so you can piggyback on their trades.
Gambling is for people with no patience to read or wait for a return. That's the long and short of it.