“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

  • fosforus@sopuli.xyz
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    1 year ago

    His net worth is currently ~$250B, making him the richest man in the world. In year 2000, his net worth was some tens of millions. He certainly got a good start from his parents, but to say that the richest man in the world is “absolute worst at managing his money” is just… anti-reality.

    • FeminalPanda@lemmings.world
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      1 year ago

      From January

      Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person, according to Guinness World Records. Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report.

      From September

      Since Musk and partners paid $44 billion including debt, he’s implying that the platform would now change hands for $4 billion (the $44 billion purchase price minus the $40 billion in “value destruction”), for a drop of 90%. In effect, he’s saying that the $31 billion he and his partners invested in equity is totally gone, and a big portion of the debt from provided by the cream of Wall Street sits far underwater.