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Electronics whiz Elon Musk is now the world's richest person
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VK3DRB:
Musk is "worth" $190 billion. The arts/economics degree electronics whiz kid is smart. Most qualified engineers would take roughly 130,000 YEARS (if they lived and worked that long assuming $75K per annum salary) to make what he made just in one day yesterday; and 2.5 MILLION YEARS to earn his total net "worth".

Is he worth it?

https://www.theage.com.au/business/companies/elon-musk-ousts-jeff-bezos-as-world-s-richest-person-20210108-p56slw.html
tom66:
He's not "worth" $190 billion.  He holds TSLA stock that is worth that much but if he tried to liquidate it all and live like a billionaire with no involvement in any of his companies, he'd probably be worth half as much or even less, because there's no way he'd be able to offload so much stock.

Now whether TSLA is worth $700+ bn given VW is only worth a third of that and sells 100x more cars,  that is an interesting question!!
VK3DRB:
Net worth includes stock, bank balances, real estate, cash, gold etc. Having that much stock just means it is less liquidity and more susceptibility to volatility, unlike government bonds. Hence some of these super-rich are quietly offloading smaller portions of their stock; an indication that the market is nearing its peak or even overheating.

By the way, VW don't sell 100X Tesla; try only 20X according to 2019 figures and about half of the sales are to the Chinese market. Volkswagon is a company convicted of fraud on global scale which is the biggest reason it is worth a lot less. The history of the stock price supports that argument.
tszaboo:
Tesla's P/E is 1638. At least not negative, like previous years.
SP500 average is 35.
Keep pumping that balloon, for sure it's not gonna burst.
S. Petrukhin:
VK3DRB, are you ready to kiss Musk's ass? Probably, it would be even more useful to this topic in the forum.  :-//
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