Elon musk has between $470B-$500B to his name, according to bloomberg and forbes. That would make him richer than the world’s wealthiest 8 men in 2017.
That is not cash though. That is accumulated paper assets. I know people with million dollar net worths on paper that are broke in reality. As in unable to pay their bills. Assets and liquidity are separate things.
While I understand the point of rampant enshittification and capitalism, I thought that needs some clarity.
Elon musk has between $470B-$500B to his name, according to bloomberg and forbes. That would make him richer than the world’s wealthiest 8 men in 2017.
https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk
I am totally on board this is my pre face.
That is not cash though. That is accumulated paper assets. I know people with million dollar net worths on paper that are broke in reality. As in unable to pay their bills. Assets and liquidity are separate things.
While I understand the point of rampant enshittification and capitalism, I thought that needs some clarity.
Can’t those assets be sold for theoretically the amount of money they’re worth?