Jeff Bezos bought a superyacht.
Mukesh Ambani built Antilia.
Zuckerberg built a Hawaii bunker.
Elon sold all his mansions, lives in a 375 sq ft prefab box worth $50,000 near a rocket launch site in Texas.
And just became the world's first trillionaire.
Consumption vs Creation.
The builder always wins.
Again for those in the back, Elon once offered to cut a check for $6 BILLION to the WFB to "eliminate World hunger" as they said the money could. His one condition was that the accounting was public.
They did not accept.
Elon Musk has never taken my money by force or threat.
Government has.
And I’m supposed to be mad that Elon has $1t in wealth while the government burns $5t on a regular basis?
LOL nah
“Elon Musk is a trillionaire.”
As a securities law attorney, please allow me to explain how anyone who says this is basically lying to you:
1. The Securities and Exchange Commission has a myriad of laws that prevent founders and other large stockholders of publicly traded companies from dumping their shares. There are substantial holding period requirements, volume of sales limitations and public reporting obligations for stock sales. Basically, Elon holds largely illiquid shares, he is a “trillionaire” on paper only, and the best analogy is when people peg your net worth based on your home’s market price. That’s not money in your pocket, that’s the house you live in.
2. All that money raised in the IPO? That’s not going into Elon’s pocket like the lying socialist idiots want you to believe. It’s a capital influx that will be used to make more rockets and get more payloads into orbit. It’s a CAPITAL investment—that money is like a business loan, it’s not your money to keep, it’s your money to grow the business.
3. If it WERE legal for Elon to dump his shares, the share price would crash basically instantly and the company could very well fail.
If you bought SpaceX shares in the IPO, congrats. You just bought a lottery ticket, just like Elon. May the odds ever be in your favor.
So the next time someone screeches about how unfair it is that Elon Musk creates wealth that benefits all of humanity, throw the truth back in their faces.
There are 2 types of people:
1. People who see a trillionaire and wonder how they can innovate and emulate such success
2. People who see a trillionaire and seethe with resentment
Do everything you can to ensure you're always around the first kind of person.
@RepBeccaB Sit down and stop taking from all of us. Let creators like us create jobs and wealth for all those who help us create. We will progress civilization further than any progressive policies ever could.