269
Elon Musk Says He Survived On $1 Per Day Before Becoming The Richest Man In the World – 'In America It's Pretty Easy To Keep Yourself Alive' (finance.yahoo.com)
submitted 2 years ago by to c/nottheonion@lemmy.world
72 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 51 points 2 years ago* (last edited 2 years ago) (7 children)

I get that it's nice to imagine, but no, he really fucking isn't, and not just because he never was on that income level, but because he is so obscenely rich, that even if all his current ventures fail spectacularly, he has enough to fall back on a few million times over.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 7 child comments
    •
  • [–] 0 points 2 years ago (3 children)

    You assume he'd act rationally and invest in even more ridiculous wasted of money...

    He's not smart enough to keep a backup, because even if it's just a million, he'll think he can turn it into a billion.

    As rich as he is, he'll live another 40 years. More than enough time to burn all his money. Don't forget everything is leveraged against each other, his money is built on stock prices, and he's picking a fight with Brazil while using a shit ton of drugs

    If Space X loses it's governments contracts, literally everything would go up in smoke and he'd desperately try to make what he lost back.

    A deat spiral isn't implausible

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 3 points 2 years ago (1 child)

    SpaceX has enough of a lead over everyone else that I don't think them simply being denied government contracts is feasible, in a too-big-to-fail way.

    You'd see some kind of forced nationalisation or being strongarmed into selling to another defense contractor on national security grounds.

    Elmo might choose some kind of "if I can't have it, no one can" sabotage though.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 0 points 2 years ago

    And the damage he did would drastically reduce the price and likely cost a lot in lawyers.

    That's what I mean, he'll always do the worst thing possible.

    Hell piss away millions after billions and won't stop till he has negative wealth.

  • permalink
  • fedilink
  • source
  • parent
  • [–] -3 points 2 years ago (2 children)

    He's massively leveraged.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 11 points 2 years ago (1 child)

    Lol, ok.

    Like I said, I get that it's nice to imagine, but the only person you're convincing (more like fooling) is yourself, if you seriously believe he will ever end up anywhere even remotely near poor.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 6 points 2 years ago

    Look man......we're doing what we can out here to survive. Not only financially, but mentally too.

    So if we want to jack off at the idea of him becoming homeless, and locked away in an insane asylum with kanye west and joe rogan, then that's what we're going to do to get us through the day.

    And this $1 lotto ticket is going to make me rich. Gonna win a billion dollars.

    And then we're all going to eat lobster, and kiss babies, and live on the moon!

    It's all going to happen, ok? OK??!!

  • permalink
  • fedilink
  • source
  • parent