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Starlunk (lemmy.world)
submitted 1 year ago by to c/enoughmuskspam@lemmy.world
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[–] 7 points 1 year ago* (1 child)

What is his most profitable asset? Tesla stock? Spacex stock? So long as his total assets are worth $4 billion or more, there’s no change. Anything below that and he’ll lose influence due to financial strain. I’m looking forward to it!

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  • [–] 7 points 1 year ago (1 child)

    Why 4B? Why not 50M? That's way enough for an overtly comfortable lifestyle

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  • [–] 8 points 1 year ago (2 children)

    Any less and he couldn’t sustainably sway the entirety of the US’s governing structure by dividends alone, with redundancy.

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  • [–] 3 points 1 year ago (1 child)

    Is there some finance math behind that or something? Sounds like it's a pretty concrete figure when you say it like that, but I'm not financially literate enough to understand

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  • [–] 4 points 1 year ago (2 children)

    300M to buy a presidency once every four years, leaving him 3.7B to recoup his costs at 8%/year to stay ahead of inflation. If that wouldn’t work out, swap to purchasing the ears of 20% of all US senators.

    Though I didn’t realize that senate races average 90M now, so my figures were out of date. I was just winging it with mental math, nothing authoritative.

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  • [–] 3 points 1 year ago

    What part of Musks personality indicates he is this prudent? My guess is he would gamble it on the next idea but the market will turn in him because losing people billions (the only way he ends up with only 4 billion) is unforgivable.

    Trump only lost millions and had to turn to the mob. If Musk worked with the mob he'd be at the bottom of a river in a week .

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