If Musk sold every single thing he owns today, and then paid his debts; would he have anywhere near a trillion? Because if not, that’s a weird title. Or does trillionaire just mean “has a trillion dollar credit line”?
If Musk sold every single thing he owns today, and then paid his debts; would he have anywhere near a trillion?
There’s no way he would be able to sell all of his corporate stock at once. It would be breaking, headline news if Musk was trying to sell all his stock, and it would almost certainly cause the share price of Tesla and SpaceX stock to plummet.
The only way Musk would ever have $1 trillion of actual, liquid dollars would be if the US had a Zimbabwe runaway inflation scenario.
Not if the vast majority of that is already debt you can’t back up. But I’m really just complaining about semantics. Seems wrong to call someone a trillionaire that couldn’t actually put a trillion dollars on a poker table.
even if you if you ignore stocks… i own a home that is appraised by the city and taxed at $300k (i’m not talking about an inflated valuation by a real estate agent here), but i only have $5k in liquid cash to bring to the casino floor… you’re telling me that my net worth as a person is only $5k? if i were to apply for a business loan, the bank should assess my net worth as $5k?
What’s the debt on the house? 0$? If it is actually salable for $300k, then net worth would be $305k. Owe $200k on it? $105k net worth. That’s what I meant by “sold every single thing he owns today, and then paid his debts”. Actual tangible assets.
If Musk sold every single thing he owns today, and then paid his debts; would he have anywhere near a trillion? Because if not, that’s a weird title. Or does trillionaire just mean “has a trillion dollar credit line”?
There’s no way he would be able to sell all of his corporate stock at once. It would be breaking, headline news if Musk was trying to sell all his stock, and it would almost certainly cause the share price of Tesla and SpaceX stock to plummet.
The only way Musk would ever have $1 trillion of actual, liquid dollars would be if the US had a Zimbabwe runaway inflation scenario.
Looking at the guy they’re replacing JPow with and the AI bailout on top of some other timebombs like auto loans… Zimbabwe seems likely
I mean, that’s a pretty good position for him to be in. Probably better than having a trillion dollars in cash or hard assets.
Not if the vast majority of that is already debt you can’t back up. But I’m really just complaining about semantics. Seems wrong to call someone a trillionaire that couldn’t actually put a trillion dollars on a poker table.
Thats not how net worth works… even for normal people, money on a poker table is an idiotic measure of net worth…
Is it? Basing it off imaginary stock market numbers sounds idiotic to me. And that is a hill I will die on.
even if you if you ignore stocks… i own a home that is appraised by the city and taxed at $300k (i’m not talking about an inflated valuation by a real estate agent here), but i only have $5k in liquid cash to bring to the casino floor… you’re telling me that my net worth as a person is only $5k? if i were to apply for a business loan, the bank should assess my net worth as $5k?
i’m really glad the real world doesn’t work that…
What’s the debt on the house? 0$? If it is actually salable for $300k, then net worth would be $305k. Owe $200k on it? $105k net worth. That’s what I meant by “sold every single thing he owns today, and then paid his debts”. Actual tangible assets.