Feel free to ignore news you aren't interested in. The sad reality is that Elon Musk is relevant and his actions have real effects on people. Bury your head in the sand if you like but don't expect me to join you.
I'm pretty sure that's how it goes for most wealthy people. It's all tied up in assets, not liquid cash. Investing your money is always better for growth in the long term.
He's in the news because he's become a laughingstock. All news isn't good news. I certainly don't think he wants news that continues to convince people that he's an utter idiot and waste of space.
tying up in assets such as property, land, etc. has real value though. you can sell a huge amount of land without the land losing value because of the sale, but you can't sell a huge amount of stock without the value collapsing while selling it off.
any exposure is good exposure. investors don't normally run away just because you earn yourself notoriety, they usually do the opposite - because the market is entirely made of make belief and fairy dust.
He’s so wealthy he could personally go to your neighborhood and “Mansa Musa” your place into inflation. He could just drop $10,000,000 per person to get up and leave whatever square mile surrounding your residence right now.
Assuming avg population density for a city in the US that’s only $2.8billion (~280 ppl/mile in cities). Not even a scratch to his total net worth.
A single person with that much wealth and power doesn’t require any attention to retain it. He’ll keep coming out on top because it’s nearly impossible not to when you reach a large enough number.
he doesn't actually have his wealth. it's estimated stock value; which would cascade to nothing the minute he tries to extract it. all he can do is borrow with stock as leverage; which would net him a lot of money sure; but there is no way they would approve billions in a loan unless he is very very specific on the investment goal.
Okay we're done here. You're contributing nothing to the conversation and I wasted enough time arguing with fools on reddit, I'm not going to do it here.
Imagine thinking this is still (or ever was) just about twitter, or that if you simply starve the richest fascist on the planet of attention he will just go away.. 🤦♀️