What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Elon Musk's net worth tops $300 billion — a record

bodecea

Diamond Member
Joined
Jul 22, 2009
Messages
165,092
Reaction score
31,443
Points
2,180
Location
Will.Trade.Racists.For.Refugees
300B---and climbing



Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. It also means the Tesla chief executive is worth tens of billions more than the second-richest person on earth, Amazon.com founder Jeff Bezos.
Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. That's an increase of almost $10 billion from the previous day, thanks to a jump in Tesla shares on Thursday.
To give Musk's wealth some perspective, consider that it is greater than the annual GDP of nations such as Finland, Chile and Vietnam — and exceeds the market value of Netflix and PayPal, a company that he co-founded. The surge in Musk's assets comes as lawmakers are considering a billionaires tax that would take a bite out of the wealth of the nation's roughly 700 billionaires.
Under the plan, tradable assets — such as Tesla's stock — in a billionaire's portfolio would be valued annually. If those assets gained in value, the billionaire would pay a tax on that gain, even if they haven't sold the asset. Under current law, a gain is only taxed if it is "realized" when its owner sells the asset and makes a profit.
Not surprisingly, Musk and other billionaires are voicing their displeasure with the proposed tax.
Musk would be liable for perhaps a one-time $50 billion tax hit under the Democratic proposal. Forget it, he said on Twitter.
"My plan," the SpaceX founder tweeted Thursday about his fortune, "is to use the money to get humanity to Mars and preserve the light of consciousness."
Other billionaires are also voicing their anger at the idea. John Catsimatidis, the billionaire grocery chain and real estate magnate who owns Gristedes, condemned the proposal as something you would "expect Putin to do," referring to President Vladimir Putin of Russia.
Leon Cooperman, the outspoken billionaire investor who has long denounced Senator Elizabeth Warren's separate proposal for a wealth tax, has added his voice to the exasperation coming from some of the uber-wealthy.
In an interview with The Daily Beast, Cooperman said of the tax, "I doubt it's legal, and it's stupid."
Below are the 10 richest people in the world, according to the Bloomberg Billionaires Index.


  1. Elon Musk: $302 billion
  2. Jeff Bezos: $199 billion
  3. Bernard Arnault: $168 billion
  4. Bill Gates: $135 billion
  5. Larry Page: $129 billion
  6. Sergey Brin: $125 billion
  7. Mark Zuckerberg: $118 billion
  8. Steve Ballmer: $116 billion
  9. Larry Ellison: $115 billion
  10. Warren Buffet: $105 billion
Pretty good for someone on the spectrum.
 

justoffal

Diamond Member
Joined
Jun 29, 2013
Messages
15,756
Reaction score
8,764
Points
1,255
300B---and climbing



Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. It also means the Tesla chief executive is worth tens of billions more than the second-richest person on earth, Amazon.com founder Jeff Bezos.
Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. That's an increase of almost $10 billion from the previous day, thanks to a jump in Tesla shares on Thursday.
To give Musk's wealth some perspective, consider that it is greater than the annual GDP of nations such as Finland, Chile and Vietnam — and exceeds the market value of Netflix and PayPal, a company that he co-founded. The surge in Musk's assets comes as lawmakers are considering a billionaires tax that would take a bite out of the wealth of the nation's roughly 700 billionaires.
Under the plan, tradable assets — such as Tesla's stock — in a billionaire's portfolio would be valued annually. If those assets gained in value, the billionaire would pay a tax on that gain, even if they haven't sold the asset. Under current law, a gain is only taxed if it is "realized" when its owner sells the asset and makes a profit.
Not surprisingly, Musk and other billionaires are voicing their displeasure with the proposed tax.
Musk would be liable for perhaps a one-time $50 billion tax hit under the Democratic proposal. Forget it, he said on Twitter.
"My plan," the SpaceX founder tweeted Thursday about his fortune, "is to use the money to get humanity to Mars and preserve the light of consciousness."
Other billionaires are also voicing their anger at the idea. John Catsimatidis, the billionaire grocery chain and real estate magnate who owns Gristedes, condemned the proposal as something you would "expect Putin to do," referring to President Vladimir Putin of Russia.
Leon Cooperman, the outspoken billionaire investor who has long denounced Senator Elizabeth Warren's separate proposal for a wealth tax, has added his voice to the exasperation coming from some of the uber-wealthy.
In an interview with The Daily Beast, Cooperman said of the tax, "I doubt it's legal, and it's stupid."
Below are the 10 richest people in the world, according to the Bloomberg Billionaires Index.


  1. Elon Musk: $302 billion
  2. Jeff Bezos: $199 billion
  3. Bernard Arnault: $168 billion
  4. Bill Gates: $135 billion
  5. Larry Page: $129 billion
  6. Sergey Brin: $125 billion
  7. Mark Zuckerberg: $118 billion
  8. Steve Ballmer: $116 billion
  9. Larry Ellison: $115 billion
  10. Warren Buffet: $105 billion
Musk will reach the 10 figure mark IMO quite easily when the EV industry completely displaces ICE automobiles.

JO
 

USMB Server Goals

Total amount
$145.00
Goal
$350.00

New Topics

Most reactions - Past 7 days

Forum List

Top