That and those "richest" lists only count businessmen who have their riches in easily counted publicly traded stocks. Read the fine print on the Forbes list and you'll see they exclude old money like the baron Rothschild and heads of state like the Pope.
Don't know about Elon, but this is common in the US, rather than sell your stock you take out a permanent interest free loan at a fixed percentage somewhat less than 100% where they hold the stock as 'collateral'. It is a tax loophole, nothing more.
I remember looking into the richest people by actual hard liquid assets(cash, gold, silver) years back(before the Ukraine invasion), and the were overwhelmingly Russian.
But fortunately for him, he is connected to some of the richest people on the planet (and people with real power) so his loans are never ever getting called, and his "companies" are guaranteed to grow at 20% per year pretty much forever. They'll print as many trillions as they need to make it work.
SpaceX valued at 2T (half of fucking apple, it's a joke)? Oh, here's a $100B/month contract to uhhhhh manage some "data" with "sattelites" also the US army wants uhhhh something, here's $500B.
Funny enough I think a lot of his is just such made up value. That's not even me being an Elon hater. I genuinely think he pushes limits and innovates more than a ton of businesses. The market still just absolutely eats up everything he has done with insane valuations despite not always being that good financially, or just having some plain bad ideas and shitty implementation.
I had to think about that for a second because I was at first trying to think of a Zimbabwean kang that wuz mega rich by confiscating all of the property. Then I realized, oh wait. It's a few billion for a simple meal, right?
the share price of Tesla is not rational. he does not push limits he fails more than he succeeds. his innovation is being a corrupt grubby fuck ripping off tax payers.
you should hate him. he's a hateable person. he does not share your values. he has tons of children he does not take care of. he sticks his dick in crazy because he can't stop doing drugs.
the market isn't real. if you think it somehow represents the will of people with actual money you've completely lost the plot.
"Best we can do is have you live paycheck to paycheck until you get social security and Medicare if you even qualify...also if you hold out until you're 72 then you get a higher return...either way you'll live off social security until it's bankrupt. Then just die already so migrants can move into your apartment."
The market hasn't been real for some time if you define "real" as rational. I'd go back to at least the late 90s there it was broken, but probably further back just I wasn't old enough to pay attention.
It does echo though, and unless you're content hiding assets in US dollars to be slowly scammed away by inflation, then the market is there and can be used as a tool. Just most chase dumb shit (like Tesla) without any plan or any attention at all while the market grifts all their funds right off of them.
Correct. All of those things can be too and it's smart to use those as well. Dealing with the market as if it were a casino is like dealing with a poker game as if it were a slot machine. You sit down at the table and feed pots with no intelligence or discretion at all, and the skilled players will absolutely eat you up.
You're talking about two games of chance. Have you entirely lost the plot?
and the skilled players will absolutely eat you up.
Oh. I didn't realize "inside information" was a "skill." Or that getting government bailouts was a "skill." Or just lying and frontrunning were as well.
And.. you.. think the SEC is doing a good job?
Your analysis is far too simple and you immediately get lost in your own analogy while trying to act is if you have some magic upper hand. lol. All chances, your money would have been better off in your own hands. Comparing potential gains is a killer, no? Or is your analysis solely rooted in the market?
I'm suggesting that looking at the market as gambling is the same as looking at poker as a game of chance. Go actually play poker, the game of chance is secondary to the mental game. It's a chess match. If you've played it for very long at all, that would be quite clear.
Where at any point did I claim that the SEC did a good job, or that inside information didn't exist, or that government bailouts, lying, frontrunning, etc. didn't happen? I claimed the market was a tool. I claimed it was broken, irrational, and only that it echoed and that can be used. That does not mean turn someone into Nancy Pelosi insider trading. It means there are things that can be done. I have no magic hand. I have no system in the sense that someone trying to sell you something might claim. I do lean towards business analysis and staying away from big trendy names. Let social media drive social media things, because those are the most irrational. I'd never claim magic, and I'd never even try to help someone with their own money, because while I have a track record that goes back nearly two decades, I also understand it very well could be made of brittle glass. Nor do I trust their ability to see it as the very first thing I said, a tool, part of a whole. Not a get rich scheme.
100%. He’s not a true con artist or a scam but he’s managed to hit every major investor hypetrain with perfect accuracy. That’s more on them for being stupid really. Electric cars, AI.
Yeah there's a lot of government stuff, common fair criticism, but I mean he hasn't delivered a bridge to nowhere, and lined his pockets with nothing more than some presenatations and a website. I don't like a lot of the products, but his electric cars function, his rockets actually go do real jobs in space. Nothing is perfect.
That’s such horseshit. My coworker was just saying the same thing today. Like dude, there have been trillionaires for decades, and they aren’t on the Forbes 500 richest list. People who are on that level of rich don’t want you to know who they are or how much they control. Granted, the story gets out in some cases like in the case of the Rothschild family who have been lending money to entire nations since the 1700’s, collecting interest on all of that money that they then have to print more of just to loan out so the nation can cover the interest they owe to the Rothschild central bank. The Rothschild’s, and I’m sure other global bankers we’ve never even heard of have been trillionaires for over a hundred years, and like I said, they have so much money that it doesn’t even exist until they print it so governments can pay them their loans back with interest, it’s a massive scam that ensures the nation will be forever indebted to the jews, and that debt can be used to force policies into reality, it can be used to rape all of the gold in Fort Knox, it can be used to pressure government into giving contracts to Rothschild linked networks, etc.. Elon is who they want you to think is the richest man on earth, he’s a massive welfare whore who greases politicians palms in order to get more and more contracts, and there’s a high likelihood that he doesn’t even control any of the corporations he appears to be running on a public facing level, he could be linked to the Rothschild network somehow and was tapped to be the face of their businesses, pushing massive agendas like technocracy (aka techno-communism). How many billionaires started their businesses in their garage? Elon was allegedly one of those dudes I think. That fake ass cover story is so played out, these dudes like Elon get tapped to be the figureheads of private corporations that are carrying out government operations so the Government isn’t subjected to FOIA requests, regulations, and whatnot. But what you have to understand is the fact that our government isn’t even our government, it’s also a banker controlled entity that’s carrying out banker agendas, on occasion their own pre-existing rules before they were totally subverted by jews get in the way of their ops, so they have to shift the ops over to their privatized entities like Facebook who started at the same moment when DARPA’s LifeLog program closed shop, doing the same exact thing that LifeLog was doing, it’s all being run by Jewish mafia whether the program is still in government control or in Zuckerberg’s control, and they’re all doing shit that is extremely illegal and unconstitutional, whether it’s government running the program or the corporations being used to further Jew mafia’s programs. Obviously they have to be a little more careful when government is running the op directly, but only because whistleblowers and FOIA requests are a threat to some of the government puppets involved in those ops on occasion, it’s much safer to use privatized entities to carry out the bigger agendas, like forcing spyware and kill switches into every newer car on the planet so it gets normalized before they use government to make it illegal not to include those features in a newer car. Once those features are everywhere and normalized, the government can come in and say it’s now law that you have to have those features in all newer cars so there can’t be any rogue engineers who want to create a start-up corporation that offers the people a car that just does what a car is supposed to do without all of the spyware and remote kill switch bullshit included, government shuts down that market before the demand for such a car becomes a problem. Fuckin jew fucks
this guy sees the matrix. rothchilds owned brazil. brazil was the second most profitable trade after the waterloo battle scam. can one even imagine the amout of wealth/momey these parasites possess? i loved the description tbh, they own money that has yet to be printed.
we are literally ants to them, trapped in this fucking fake jewish reality
Many thanks…..it’s true, they do own the money that has yet to be printed. How could anyone be more wealthy than the Jewish men who run that scam through the Bank for International Settlements (BIS), that’s the head of all Rothschild controlled central banks in damn near every nation on the planet, the BIS lends to the central banks, and the central banks lend to the governments. If we figure out exactly who the owners/investors are at the BIS, we figure out exactly who owns/controls the world. Of course, that info is not available though, kinda like who the top investors are at Vanguard, which is how they coverup who has monopolized the entire economy through Vanguard and BlackRock, they’ll tell you that it’s Vanguard who owns the most shares at BlackRock but they won’t tell you who the top shareholders or whatever they are at Vanguard. BlackRock and Vanguard are the same entity, and they are also the top investors in literally every major corporation out there, and out of the top 5 investment banks who hold the most shares other than BlackRock and Vanguard in the Fortune 500, BlackRock and Vanguard are the top shareholders in those other top investment banks too. If we could hack into Vanguard’s computer system, we’d for sure find out the entire economy is in Jewish hands, along with the banking….it’s lunacy how much they control. We have to rip that control out of their hands, confiscate all of their assets, all of their family members assets, and then we have to deal with the lot of them some how if we care to have control over our own destiny ever again, by deal with them, I’m suggesting labor camps and sterilization because it’s worse than death for those people.
This midwit twitter post can be reworded to "The richest person is slightly more than twice as wealthy as the second-richest person, read that again! Panic! Panic!".
"Elon Musk is an evil bad man, he doesn't deserve to be a trillionaire!" He deserves every cent of it in my opinion. Only thing I don't like about him is that he only does the bare minunmum to help save the white race with his billons.
It's all on paper ("but it's a lot of paper!"). He has many shares of SpaceX, which has a value floating somewhere around the gross valuation of Canada as a country. But they're toxic shares, in a way: They only retain value, because he's the one holding them. If he sells some off, instead of a minor change in the price, it will crash and burn. If it looks like he no longer would have controlling interest, it would crater. So most of his value is tied up in stocks that other people can sell, but that he can't. Remember Tesla's stock price went UP when they finalized a deal to give him an obscene amount of money and stock equivalents. Because it meant he would hold more stock, which raises its value, when it would go down for any other person holding it.
He literally IS creating wealth for others, that he cannot use himself. At least, not easily. If you aren't riding alongside, that's on you.
And he does propagandize to procreate, have children! That's the only true way to save a species.
This is bullshit. 1 trillion is 1 thousand billion. Larry Page's wealth x4 = over 1 trillion. $1 x4 does not get you anywhere close to 296 billion. This meme was made by a dumbass.
The fact people here are replying to the inaccurate trollbait like it's true really makes you wonder about "human" intelligence and their ability to understand basic numbers.
Last month Larry's listed value was was 325bil before projections of Musk's total wealth were expected to break a trillion. What you are watching is a billionaire named Larry Page hiding money and paying people to report things in his favor.
And in this case, a numerical sales pitch that asserts the numbers are close despite being an noncomparison. Realistically you are further from a million dollars than Larry Page is from a trillion.
What, you make $15,000 working PRN and collect $40,000 in my taxes? In six years, if you never spent a dime and could collect it, you'd be a third of the way to a million, but realistically you will probably be in the same position, or worse, than you are now. And Larry is projected to break a trillion in 2032.
With something abstract like wealth and finance, a 1:1 graph is contextually misleading. To make the point simpler, lets ignore the top comment about debt and liquid wealth; it does strengthen the point. Someone with 100$ in their bank account is further from a $1.00 million account holder, than the 2nd person is from a $2.1 million account holder.
The 1st person is living paycheck to paycheck, if he's lucky. He's 3 unlucky events from having no transportation, no roof, no competent lawyer, not enough health insurance. The 2nd person has a decent house, and can comfortably retire for 3 decades with inflation resistant investments. The 3rd person has a nicer house or three, and has those inflation resistant investments as long as he's being rich instead of looking and feeling rich.
The basic economic concept that comes to mind is marginal utility. That $100,000 means a lot less to the 2nd and 3rd person than it does to the 1st person, even person 3 is literally $100k further from 2 than person 2 from 1. Some form of exponential/logarithmic scaling makes sense, because a 50/300/1000 billionaire is still much more consequential to society than a 4 millionaire.
And really, comprehending scarcity, opportunity cost (shoemaker's fallacy), and marginal utility should be requirements to vote in any modern civilization. Wouldn't pass because educated retards are allergic to the concept of scarcity being a universal, such as.
This is the same caliber PEMDAS abuse social media posts people like to prove how smart/dumb they are. The actual point of the originating exercises, that math notation has ad-hoc warts, is apparent if they did independent thinking or consumed higher quality/propensity information sources. There might be a poignant case about wealth inequality, but most halfwits aren't interested or capable of doing a comprehensive analysis of when and where inequality is the problem. Such competence is a requirement of a democracy not being dysfunctional.
Is it even conceivable that 1 trillion dollars can actually exist tangibly? Is there enough bills in circulation to put 1 trillion dollars on a table somewhere?
This is crazy. He doesn’t just have 1 trillion dollars in his pockets. He is worth that because his stock is, his buying power, etc. and that is because he saved the world and we all love how he bought X.
Most of his wealth is debt. If every loan was called in he couldn't afford to pay them even if he liquidated every asset
That and those "richest" lists only count businessmen who have their riches in easily counted publicly traded stocks. Read the fine print on the Forbes list and you'll see they exclude old money like the baron Rothschild and heads of state like the Pope.
That makes no financial sense
Welcome to our whole economic system.
He doesn't make an income. He uses his stocks as collateral to get large loans, debt isn't taxed. He gets lots of money and avoids taxes.
Don't know about Elon, but this is common in the US, rather than sell your stock you take out a permanent interest free loan at a fixed percentage somewhat less than 100% where they hold the stock as 'collateral'. It is a tax loophole, nothing more.
I remember looking into the richest people by actual hard liquid assets(cash, gold, silver) years back(before the Ukraine invasion), and the were overwhelmingly Russian.
Did their names end with berg and stein by any chance?
I think at least one of them was a Kisin.
But fortunately for him, he is connected to some of the richest people on the planet (and people with real power) so his loans are never ever getting called, and his "companies" are guaranteed to grow at 20% per year pretty much forever. They'll print as many trillions as they need to make it work.
SpaceX valued at 2T (half of fucking apple, it's a joke)? Oh, here's a $100B/month contract to uhhhhh manage some "data" with "sattelites" also the US army wants uhhhh something, here's $500B.
Funny enough I think a lot of his is just such made up value. That's not even me being an Elon hater. I genuinely think he pushes limits and innovates more than a ton of businesses. The market still just absolutely eats up everything he has done with insane valuations despite not always being that good financially, or just having some plain bad ideas and shitty implementation.
Everyone saying Elon Musk is the world’s first trillionaire is ignoring the entire country of Zimbabwe
I had to think about that for a second because I was at first trying to think of a Zimbabwean kang that wuz mega rich by confiscating all of the property. Then I realized, oh wait. It's a few billion for a simple meal, right?
the share price of Tesla is not rational. he does not push limits he fails more than he succeeds. his innovation is being a corrupt grubby fuck ripping off tax payers.
you should hate him. he's a hateable person. he does not share your values. he has tons of children he does not take care of. he sticks his dick in crazy because he can't stop doing drugs.
the market isn't real. if you think it somehow represents the will of people with actual money you've completely lost the plot.
Elon Musk didn’t become a trillionaire until age 54.
Relax, you still have time
You experience the world through jealousy and then project that onto other people? That's rough, sorry it's that way for you.
I'd rather be measured by my successes in life, the number of souls I brought to God, and the amount of happiness I've brought to the world.
If your yardstick is money you are at the altar of Satan.
"Best we can do is have you live paycheck to paycheck until you get social security and Medicare if you even qualify...also if you hold out until you're 72 then you get a higher return...either way you'll live off social security until it's bankrupt. Then just die already so migrants can move into your apartment."
It was clear this guy was bad news when he advocated for replacing us with jeets.
The market hasn't been real for some time if you define "real" as rational. I'd go back to at least the late 90s there it was broken, but probably further back just I wasn't old enough to pay attention.
It does echo though, and unless you're content hiding assets in US dollars to be slowly scammed away by inflation, then the market is there and can be used as a tool. Just most chase dumb shit (like Tesla) without any plan or any attention at all while the market grifts all their funds right off of them.
So can physical property, precious metals, and creative works. Without a gold standard the market is a casino.
Correct. All of those things can be too and it's smart to use those as well. Dealing with the market as if it were a casino is like dealing with a poker game as if it were a slot machine. You sit down at the table and feed pots with no intelligence or discretion at all, and the skilled players will absolutely eat you up.
You're talking about two games of chance. Have you entirely lost the plot?
Oh. I didn't realize "inside information" was a "skill." Or that getting government bailouts was a "skill." Or just lying and frontrunning were as well.
And.. you.. think the SEC is doing a good job?
Your analysis is far too simple and you immediately get lost in your own analogy while trying to act is if you have some magic upper hand. lol. All chances, your money would have been better off in your own hands. Comparing potential gains is a killer, no? Or is your analysis solely rooted in the market?
I'm suggesting that looking at the market as gambling is the same as looking at poker as a game of chance. Go actually play poker, the game of chance is secondary to the mental game. It's a chess match. If you've played it for very long at all, that would be quite clear.
Where at any point did I claim that the SEC did a good job, or that inside information didn't exist, or that government bailouts, lying, frontrunning, etc. didn't happen? I claimed the market was a tool. I claimed it was broken, irrational, and only that it echoed and that can be used. That does not mean turn someone into Nancy Pelosi insider trading. It means there are things that can be done. I have no magic hand. I have no system in the sense that someone trying to sell you something might claim. I do lean towards business analysis and staying away from big trendy names. Let social media drive social media things, because those are the most irrational. I'd never claim magic, and I'd never even try to help someone with their own money, because while I have a track record that goes back nearly two decades, I also understand it very well could be made of brittle glass. Nor do I trust their ability to see it as the very first thing I said, a tool, part of a whole. Not a get rich scheme.
Both things are true.
I think another reason is that there's literally no-one else like him so all the money has only 1 place to go.
100%. He’s not a true con artist or a scam but he’s managed to hit every major investor hypetrain with perfect accuracy. That’s more on them for being stupid really. Electric cars, AI.
Yeah there's a lot of government stuff, common fair criticism, but I mean he hasn't delivered a bridge to nowhere, and lined his pockets with nothing more than some presenatations and a website. I don't like a lot of the products, but his electric cars function, his rockets actually go do real jobs in space. Nothing is perfect.
That’s such horseshit. My coworker was just saying the same thing today. Like dude, there have been trillionaires for decades, and they aren’t on the Forbes 500 richest list. People who are on that level of rich don’t want you to know who they are or how much they control. Granted, the story gets out in some cases like in the case of the Rothschild family who have been lending money to entire nations since the 1700’s, collecting interest on all of that money that they then have to print more of just to loan out so the nation can cover the interest they owe to the Rothschild central bank. The Rothschild’s, and I’m sure other global bankers we’ve never even heard of have been trillionaires for over a hundred years, and like I said, they have so much money that it doesn’t even exist until they print it so governments can pay them their loans back with interest, it’s a massive scam that ensures the nation will be forever indebted to the jews, and that debt can be used to force policies into reality, it can be used to rape all of the gold in Fort Knox, it can be used to pressure government into giving contracts to Rothschild linked networks, etc.. Elon is who they want you to think is the richest man on earth, he’s a massive welfare whore who greases politicians palms in order to get more and more contracts, and there’s a high likelihood that he doesn’t even control any of the corporations he appears to be running on a public facing level, he could be linked to the Rothschild network somehow and was tapped to be the face of their businesses, pushing massive agendas like technocracy (aka techno-communism). How many billionaires started their businesses in their garage? Elon was allegedly one of those dudes I think. That fake ass cover story is so played out, these dudes like Elon get tapped to be the figureheads of private corporations that are carrying out government operations so the Government isn’t subjected to FOIA requests, regulations, and whatnot. But what you have to understand is the fact that our government isn’t even our government, it’s also a banker controlled entity that’s carrying out banker agendas, on occasion their own pre-existing rules before they were totally subverted by jews get in the way of their ops, so they have to shift the ops over to their privatized entities like Facebook who started at the same moment when DARPA’s LifeLog program closed shop, doing the same exact thing that LifeLog was doing, it’s all being run by Jewish mafia whether the program is still in government control or in Zuckerberg’s control, and they’re all doing shit that is extremely illegal and unconstitutional, whether it’s government running the program or the corporations being used to further Jew mafia’s programs. Obviously they have to be a little more careful when government is running the op directly, but only because whistleblowers and FOIA requests are a threat to some of the government puppets involved in those ops on occasion, it’s much safer to use privatized entities to carry out the bigger agendas, like forcing spyware and kill switches into every newer car on the planet so it gets normalized before they use government to make it illegal not to include those features in a newer car. Once those features are everywhere and normalized, the government can come in and say it’s now law that you have to have those features in all newer cars so there can’t be any rogue engineers who want to create a start-up corporation that offers the people a car that just does what a car is supposed to do without all of the spyware and remote kill switch bullshit included, government shuts down that market before the demand for such a car becomes a problem. Fuckin jew fucks
this guy sees the matrix. rothchilds owned brazil. brazil was the second most profitable trade after the waterloo battle scam. can one even imagine the amout of wealth/momey these parasites possess? i loved the description tbh, they own money that has yet to be printed.
we are literally ants to them, trapped in this fucking fake jewish reality
Many thanks…..it’s true, they do own the money that has yet to be printed. How could anyone be more wealthy than the Jewish men who run that scam through the Bank for International Settlements (BIS), that’s the head of all Rothschild controlled central banks in damn near every nation on the planet, the BIS lends to the central banks, and the central banks lend to the governments. If we figure out exactly who the owners/investors are at the BIS, we figure out exactly who owns/controls the world. Of course, that info is not available though, kinda like who the top investors are at Vanguard, which is how they coverup who has monopolized the entire economy through Vanguard and BlackRock, they’ll tell you that it’s Vanguard who owns the most shares at BlackRock but they won’t tell you who the top shareholders or whatever they are at Vanguard. BlackRock and Vanguard are the same entity, and they are also the top investors in literally every major corporation out there, and out of the top 5 investment banks who hold the most shares other than BlackRock and Vanguard in the Fortune 500, BlackRock and Vanguard are the top shareholders in those other top investment banks too. If we could hack into Vanguard’s computer system, we’d for sure find out the entire economy is in Jewish hands, along with the banking….it’s lunacy how much they control. We have to rip that control out of their hands, confiscate all of their assets, all of their family members assets, and then we have to deal with the lot of them some how if we care to have control over our own destiny ever again, by deal with them, I’m suggesting labor camps and sterilization because it’s worse than death for those people.
This midwit twitter post can be reworded to "The richest person is slightly more than twice as wealthy as the second-richest person, read that again! Panic! Panic!".
"Elon Musk is an evil bad man, he doesn't deserve to be a trillionaire!" He deserves every cent of it in my opinion. Only thing I don't like about him is that he only does the bare minunmum to help save the white race with his billons.
He doesn't have billions. Or trillions.
It's all on paper ("but it's a lot of paper!"). He has many shares of SpaceX, which has a value floating somewhere around the gross valuation of Canada as a country. But they're toxic shares, in a way: They only retain value, because he's the one holding them. If he sells some off, instead of a minor change in the price, it will crash and burn. If it looks like he no longer would have controlling interest, it would crater. So most of his value is tied up in stocks that other people can sell, but that he can't. Remember Tesla's stock price went UP when they finalized a deal to give him an obscene amount of money and stock equivalents. Because it meant he would hold more stock, which raises its value, when it would go down for any other person holding it.
He literally IS creating wealth for others, that he cannot use himself. At least, not easily. If you aren't riding alongside, that's on you.
And he does propagandize to procreate, have children! That's the only true way to save a species.
House of saud 6T
Rothschilds 3T
Soros 1T
What you see is not what you get
This is bullshit. 1 trillion is 1 thousand billion. Larry Page's wealth x4 = over 1 trillion. $1 x4 does not get you anywhere close to 296 billion. This meme was made by a dumbass.
That's not how "distance" works. OP is saying Page is 1,000-298=702B from Elon and 298-1=297B from you.
I suspect it's shitty common core math logic like this post that got us into the mess we're in right now.
Elon: 1,000,000,000,000.
Page: 0,296,700,000,000.
You: 0,000,000,000,001.
The fact people here are replying to the inaccurate trollbait like it's true really makes you wonder about "human" intelligence and their ability to understand basic numbers.
Distance from you to Page: $296,699,999,999
Distance from Page to Elon: $703,300,000,000
So with $1 net worth, you are closer to Larry Page than Larry Page is to Elon.
Last month Larry's listed value was was 325bil before projections of Musk's total wealth were expected to break a trillion. What you are watching is a billionaire named Larry Page hiding money and paying people to report things in his favor.
And in this case, a numerical sales pitch that asserts the numbers are close despite being an noncomparison. Realistically you are further from a million dollars than Larry Page is from a trillion.
What, you make $15,000 working PRN and collect $40,000 in my taxes? In six years, if you never spent a dime and could collect it, you'd be a third of the way to a million, but realistically you will probably be in the same position, or worse, than you are now. And Larry is projected to break a trillion in 2032.
First Millionaire: John Astor (~early 1800s)
First Billionaire: John D. Rockefeller (1916)
First Trillionaire: Elon Musk (2026)
Ariane Aerospace’s CEO calling SpaceX’s reusability plans “a dream”
https://x.com/apostructura/status/2065474202228916577
Caesar Augustus would arguably be the first trillionaire if you went by today's standards of wealth and power.
First Quadrillionaire: ??? (2136)
We already have quadrillionaires, we just don't know who they are, and their assets aren't really measurable in stupid things like fiat currency.
Moore's Law will almost certainly apply here, unless the USD undergoes hyperinflation.
Moore's Law is currently rubbing against the limitations of physics and scarce resources.
Anon discovers the Pareto distribution, episode 925091
With something abstract like wealth and finance, a 1:1 graph is contextually misleading. To make the point simpler, lets ignore the top comment about debt and liquid wealth; it does strengthen the point. Someone with 100$ in their bank account is further from a $1.00 million account holder, than the 2nd person is from a $2.1 million account holder.
The 1st person is living paycheck to paycheck, if he's lucky. He's 3 unlucky events from having no transportation, no roof, no competent lawyer, not enough health insurance. The 2nd person has a decent house, and can comfortably retire for 3 decades with inflation resistant investments. The 3rd person has a nicer house or three, and has those inflation resistant investments as long as he's being rich instead of looking and feeling rich.
The basic economic concept that comes to mind is marginal utility. That $100,000 means a lot less to the 2nd and 3rd person than it does to the 1st person, even person 3 is literally $100k further from 2 than person 2 from 1. Some form of exponential/logarithmic scaling makes sense, because a 50/300/1000 billionaire is still much more consequential to society than a 4 millionaire.
And really, comprehending scarcity, opportunity cost (shoemaker's fallacy), and marginal utility should be requirements to vote in any modern civilization. Wouldn't pass because educated retards are allergic to the concept of scarcity being a universal, such as.
This is the same caliber PEMDAS abuse social media posts people like to prove how smart/dumb they are. The actual point of the originating exercises, that math notation has ad-hoc warts, is apparent if they did independent thinking or consumed higher quality/propensity information sources. There might be a poignant case about wealth inequality, but most halfwits aren't interested or capable of doing a comprehensive analysis of when and where inequality is the problem. Such competence is a requirement of a democracy not being dysfunctional.
Yeah, I don't give a fuck what some crypto-scammer says. This is engagement bait to try and get people roped in for their cash.
Is it even conceivable that 1 trillion dollars can actually exist tangibly? Is there enough bills in circulation to put 1 trillion dollars on a table somewhere?
He would probably use $10s
Definitely not enough $2 dollar bills.
The funnier corollary is if you had $648B, you'd still be closer to Larry than Elon.
This is crazy. He doesn’t just have 1 trillion dollars in his pockets. He is worth that because his stock is, his buying power, etc. and that is because he saved the world and we all love how he bought X.