Elon musk now the richest man in earth - page 4.

AndySt

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Quote from: arwin100 on October 25, 2021, 06:48:47 AM

Quote from: Lubang Bawah on October 25, 2021, 05:18:36 AM

Elon musk is an example of a person who deserves to be imitated, dares to take strange policies and decisions but now everyone knows that strange thinking often makes people successful, Elon musk's greatest wealth is of course because he dared to enter cryptocurrencies so that his assets increased hundreds or even thousands of percent in a year or less.

He enter multiple business venture and a huge risk taker that's why he became so successful nowadays, its not surprising though knowing that Elon have high influence also his businesses is running so good right now.
The question remains here now is how can he sustain to be on top or does he even care to reach that spot knowing he is so clever on his actions towards business matters.

All that can be said about Elon Musk's current position is that his wealth is based on the huge capitalization of his company. And the current capitalization of Tesla is not the real activity and profit of the company, but what kind of profit investors expect from the company in the future, which in itself is a rather risky event. The market is a rather unpredictable and chaotic thing, so it is almost impossible to make strictly defined forecasts, but if Tesla cannot maintain its growth rates, then this will inevitably affect the capitalization of the company and, accordingly, the condition of Elon Musk, unless Elon has time to sell his shares profitably and start a new promising project Grin

coupable

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Quote from: FanEagle on October 25, 2021, 04:37:09 PM

I have to say 230+ billion dollars is the richest we have seen so far officially, but nowhere close to what the future rich people will be. We do not have that much money right now that we could attribute it to people who are rich right now, it is the future we are talking about. One day someone will come up with something new, a new technology, a brand new idea, something that will shock the world, for maybe a decade or even longer he will just be selling pieces of his company to keep making it better and eventually he will worth over a trillion dollars.

230+ is a really a giant number. I would think as the great portion of this amount as shares in different companies , as it's the value of all what he owns. I would like to know the net revenue per year/month. [Without to mention benefits from Doge coin Hype and other cryptocurrencies he tried to promote several times] .

Quote from: FanEagle on October 25, 2021, 04:37:09 PM

This is how inflation works, if the rich stay at exactly the same level as they are, then inflation will cause them to get "poorer", of course they will not become poor, it would require decades or even maybe a century for them to be ever poor, but they always have that need to keep growing to get richer because of inflation.

Good point! But this can't describe how Mr Elon can get greed to money at the point he can create a global Hype over a shit cryptocurrency (Doge) just to make extra benefits. Could anyone count how many investors (idiots) loss their savings following the Hype?
This have nothing with inflation issue .

livingfree

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Quote from: Lubang Bawah on October 25, 2021, 05:18:36 AM

Elon musk is an example of a person who deserves to be imitated, dares to take strange policies and decisions but now everyone knows that strange thinking often makes people successful,

He's making a change not only to himself but to the entire world.

Quote from: Lubang Bawah on October 25, 2021, 05:18:36 AM

Elon musk's greatest wealth is of course because he dared to enter cryptocurrencies so that his assets increased hundreds or even thousands of percent in a year or less.

Nope.

I disagree, his main assets are off from cryptocurrencies. He dared to make a change and that's what's being paid off right now. About cryptocurrencies, it's just another thing that he wants to along with but it's not his major holdings.

FanEagle

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I have to say 230+ billion dollars is the richest we have seen so far officially, but nowhere close to what the future rich people will be. We do not have that much money right now that we could attribute it to people who are rich right now, it is the future we are talking about. One day someone will come up with something new, a new technology, a brand new idea, something that will shock the world, for maybe a decade or even longer he will just be selling pieces of his company to keep making it better and eventually he will worth over a trillion dollars.

This is how inflation works, if the rich stay at exactly the same level as they are, then inflation will cause them to get "poorer", of course they will not become poor, it would require decades or even maybe a century for them to be ever poor, but they always have that need to keep growing to get richer because of inflation.

arwin100

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Quote from: Lubang Bawah on October 25, 2021, 05:18:36 AM

Elon musk is an example of a person who deserves to be imitated, dares to take strange policies and decisions but now everyone knows that strange thinking often makes people successful, Elon musk's greatest wealth is of course because he dared to enter cryptocurrencies so that his assets increased hundreds or even thousands of percent in a year or less.

He enter multiple business venture and a huge risk taker that's why he became so successful nowadays, its not surprising though knowing that Elon have high influence also his businesses is running so good right now.

The question remains here now is how can he sustain to be on top or does he even care to reach that spot knowing he is so clever on his actions towards business matters.

Lubang Bawah

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Elon musk is an example of a person who deserves to be imitated, dares to take strange policies and decisions but now everyone knows that strange thinking often makes people successful, Elon musk's greatest wealth is of course because he dared to enter cryptocurrencies so that his assets increased hundreds or even thousands of percent in a year or less.

Betwrong

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Quote from: TheGreatPython on October 20, 2021, 04:27:11 PM

Quote from: LogitechMouse on October 20, 2021, 08:25:33 AM

Satoshi is holding 1,000,000 Bitcoins which if you multiplied it to its current price right now which is ~$64,000, it will be around 64 Billion Dollars. Almost 3 times as much as Elon Musk is. If only we know Satoshi then we might see him on the top of that but it will remain as a fantasy.

Lol, I think you misunderstood what was said there. The op is saying that Elon Musk added extra $23 billion to his wealth, and is as rich as Bill Gates and Warren Buffett combined together, not that his worth is only $23 billion; currently he is worth over $200 billion. If Satoshi Nakamoto happens to be on that list, he’s not going to make the top ten list of the world’s richest people, rather he would be somewhere around the top twenty list.

The least on the top ten is worth over $100 billion dollars. I would put Satoshi around 16th on the list of the richest people. But that’s still a good position, and in the future he’s likely to be worth more than this as the value of Bitcoin will keep increasing in future.

No, that's not what OP was trying to say.

The news was taken from CNBC's site, and the title was "Elon Musk is now worth $230 billion—as much as Bill Gates and Warren Buffett combined." OP just cut one zero off when making the screenshot. It's funny that the wrong number was referred to several times by different people in this thread, and even some conclusions were made.

To avoid something like this in the future, I would suggest to never trust what you read on the Internet from the first sight. Spend 2 seconds to google it.

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Quote from: kanayaTabitha on October 24, 2021, 09:52:52 PM

Quote from: inanilujimi on October 24, 2021, 09:47:55 PM

Don't know how long this title will continue to last on Elon Musk as the richest man, but what I do know is that nothing lasts forever in this world and what is certain is that over time there will be replacements that have occurred before in the future.

In this current era, richest man will be so much dynamic because but those are on the top of richest men, must be the CEO or top leader from tech company.
If crypto continue to grow big, i think elon will becoming the richest for a long time because as we know he talks a lot about cryptocurrency compared to others, so i assumed he holds a lot of crypto in his bag.

Well, he talks a lot about cryptocurrency, but I'm quite sure he's just using it to solidify his position as the world's richest man. Cryptocurrency is a new meta, and everyone is trying to figure out how to approach it because there are so many benefits to be had. Even those of us who were initially intrigued by bitcoin are now attempting to figure out how it all works. Cryptocurrency has already changed a lot of people's lives, and many people believe in its potential. As a wealthy and, of course, clever man, Elon Musk understands the potential of cryptocurrency, which is why he's here trying to make money from it.

kanayaTabitha

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Quote from: inanilujimi on October 24, 2021, 09:47:55 PM

Don't know how long this title will continue to last on Elon Musk as the richest man, but what I do know is that nothing lasts forever in this world and what is certain is that over time there will be replacements that have occurred before in the future.

In this current era, richest man will be so much dynamic because but those are on the top of richest men, must be the CEO or top leader from tech company.
If crypto continue to grow big, i think elon will becoming the richest for a long time because as we know he talks a lot about cryptocurrency compared to others, so i assumed he holds a lot of crypto in his bag.

inanilujimi

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Don't know how long this title will continue to last on Elon Musk as the richest man, but what I do know is that nothing lasts forever in this world and what is certain is that over time there will be replacements that have occurred before in the future.

wxa7115

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Quote from: John999 on October 16, 2021, 04:14:13 PM

He should enjoy while it lasts. Hard times coming soon.

As I said when it comes to those rich people most of their money is on paper assets and their own companies, and just as you suggest things are not looking good for the economy right now with all the problems we are facing with supply issues, the slow economic recover and the pandemic which is still ongoing.

This means that in the case a global crisis were to emerge a great deal of the wealth of Elon Musk will evaporate, fortunately for him if his companies are still holding bitcoin then the potential damage he could face will be reduced in a significant way.

oHnK

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Quote from: layoutph on October 23, 2021, 09:13:09 AM

If warren buffet believes in crypto just like how Elon use crypto to multiply his assets , Warren should be the richest man on earth until today. Well hope Elon will help the crypto community to encourage his followers to start holding crypto bags.

Data from Bloomberg Elon being the richest. On the other hand, Forbes has previously released that Elon is in 3rd position and the first is Bernanard Arnault, the owner of a well-known fashion brand. However, the ups and downs of this rank are actually not important and have a significant effect on the condition of their wealth because it is only based on the condition of their company shares. So it's only natural that it keeps changing, Elon is actually getting richer not because of his Bitcoin but because of his Tesla company. In fact, I feel that he has only been hypocritical about Bitcoin to attract investors' attention to Tesla.

layoutph

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If warren buffet believes in crypto just like how Elon use crypto to multiply his assets , Warren should be the richest man on earth until today. Well hope Elon will help the crypto community to encourage his followers to start holding crypto bags.

Quote from: Gozie51 on October 16, 2021, 12:04:00 PM

Quote

Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.

Can he sustain it for how long?

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin

So what do you think?

Sanitough

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Quote from: AicecreaME on October 22, 2021, 05:15:12 AM

Quote from: Gozie51 on October 16, 2021, 12:04:00 PM

Quote

Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.

Can he sustain it for how long?

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin

So what do you think?

We don't know how long he will maintain being the wealthiest man on earth. But what I know for sure is that it will not be permanent. The position whatever it may be, is replaceable. Anything can happen any time. There's always a possibility that someone will dethrone him from the spot he is currently in depending on the perseverance of the person and the resources as well.

Always remember that the world is round. You could be at the top now, but there's still a chance you will hit rock bottom the next second. It may sound negative but it's true. You can always bounce back though. Getting up and doing better the next time is always a choice. After all, we learn valuable lessons each time we stumble and fall.

Only Elon knows if he will be able to maintain his position or not. Maybe for now, we can totally say that Elon is capable of sustaining his spot because he has the wealth and has variety of investments that keeps giving him huge returns. But there is no permanent in this world. Somehow, things will change when we least expect it. Even Elon i guess knows that.

However, if he can see things more in positive ways, and he can multiply his investments through rolling his money, then maybe in the future he will still occupy the spot for the richest man in earth.

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I am not entirely sure if this should be even allowed. I know that many people think I am just a hardcore leftist, communist person for saying this out loud. However, I dislike communism as much as I like unchecked capitalism as well. Why I believe it should not even be allowed? When you have things that worth as much as 200+ billion dollars, you are gathering wealth that you will never need, but it is also not cash that you could pay taxes from neither, it is stocks, just stocks that people valuate that much.

I am pretty sure if you checked how much money Elon or Jeff has, in cash, literally cash in bank, it is probably not even 1 billion dollars combined. So, what do we do? One guy is told to be worth 230+ billion dollars, and same nation has MILLIONS homeless and starving, we should find a way to prevent something like this happening, but I am not smart enough to find a solution for it neither.

Shasha80

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Quote from: SquallLeonhart on October 20, 2021, 12:52:05 PM

Quote from: Shasha80 on October 20, 2021, 04:53:02 AM

no one can be at the top forever, nothing in this world is permanent. Likewise with Elon Musk, he may be proud of his current achievements.
But in the future there will be someone more powerful than Elon Musk. It's like the cycle of life, Elon Musk must be wise with his current achievements.
So Elon Musk should be able to be grateful for his current achievements, and don't feel like he will be at the top forever. Elon Musk is indeed an inspiration with the success he has achieved, but unfortunately Elon Musk is only a human who definitely has flaws. One of them is Elon Musk promoting meme coin to increase his wealth, unfortunately this method makes many people suffer. We can take Elon Musk as inspiration, but we have to filter out the good things that we take from Elon Musk.

I can't even understand being proud of being the richest person alive. Instead of promoting it as a good thing all around the world, we should be making that as a shameful thing.

People who are richest person in the world mean that they abused and stole from their workers and that is something that is obvious with Elon Musk and Jeff Bezos as well, like it was a little bit more "hidden" with people like warren buffet because he only owned "stocks" of the companies that did this, but with Elon Musk who literally cancelled a whole factory because of unionization, literally have people dead while trying to assemble, trying to limit the hours of work people could do so he could pay less benefits and so forth, with Jeff Bezos that I do not even want to start listing.. it becomes obvious that being richest means being the worst person at the same time. How could anyone envy that, and how could anyone not feel shameful for being one?

Now it seems as if being the richest person is a good thing, when in reality sometimes it is not like that. Because quite a lot of rich people do
whatever it takes so they can make a lot of money, but without realizing it they are harming other people a lot. Actually without doing any
manipulation in the crypto world Elon Musk can become the richest person in the world, but because of Elon Musk's uncontrollable greed
he ended up doing all kinds of ways to make himself richer, and Elon Musk doesn't care what he's doing in the crypto world to the detriment of people.
I agree with you, should be the richest person but by harming many people is not something to be proud of, but should be ashamed to have
done all that. Therefore sometimes humans are very scary if they are too ambitious, they forget that as humans, they must also care about others.

Anguwa

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I think Elon will sustain this position for a very long time, this is one of the sign that cryptocurrency users and investors will surely rule the entire world. The current price of bitcoin and how crypto market is moving this days will give a chance for Elon to give them small space and will retain that position of the world's richest man on earth.

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Quote from: Semar Mesem on October 22, 2021, 09:04:18 AM

Elon Musk is often trending on Twitter, whatever he tweets makes people always curious to know, even many media often cover Elon Musk, when Elon Musk entered crypto, many people criticized him for saying he was just gambling but after cryptocurrencies skyrocketed, more and more people get into cryptocurrencies to be successful like Elon Musk.

Elon Musk is already a wealthy man because he is the CEO of Tesla and SpaceX, and so its expected that he can be the richest man one of these days. But i doubt if he can manage to sustain his new spot if Tesla and SpaceX will lost its demand. Because if not, he will be replaced easily which i think he won't let it to happen. I have a feeling that Elon wants to be the richest of all the richest so he will do all things just to accumulate more profits to add on his wealth even if it means making an advantage towards other investors and traders.

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Quote from: Botnake on October 20, 2021, 09:59:00 AM

Quote from: LogitechMouse on October 20, 2021, 08:25:33 AM

Quote from: Gozie51 on October 16, 2021, 12:04:00 PM

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin

So what do you think?

Satoshi is holding 1,000,000 Bitcoins which if you multiplied it to its current price right now which is ~$64,000, it will be around 64 Billion Dollars. Almost 3 times as much as Elon Musk is. If only we know Satoshi then we might see him on the top of that but it will remain as a fantasy.

Anyway, I think Elon will stay on the top as long as Tesla and SpaceX will work well. IIRC, him and Bezos are the ones who are fighting for the top spot months ago but now Elon cemented his spot on the top. Everything has its end though so we might see him on the top this year and not next year or in the next 2 years

.

Right. Elon won't be holding that title forever, so we may see changes replacing the spot after a year or two. We'll find out then when we get there.

Meanwhile, we can't question Elon why he became the richest man in earth as he is known to be a smart guy, and is willing to ruin his credibility for the sake of huge profits. We'll, if he continues to be like that, no wonder he will be able to sustain his new spot. But there's no way people should envy him as he is not really a good model after all.

I think the same as you, I really do not believe that the wealth numbers are not going to change to be higher and higher, as he says, for me in my particular opinion the richest being is and will be Satoshi, and BTC has reached a new ATH, hopefully it will reach $ 100k to set world records, Forbes published the richest beings in the world, but Satoshi is not taken into account, so what do they play? I think that humanity is waking up, Elon Musk may have a lot of businesses everywhere, but we already saw his vulnerable part with BTC and with DOGE, he is a very clever guy, but not so smart, therein lies the difference in his financial culture.

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Elon Musk is often trending on Twitter, whatever he tweets makes people always curious to know, even many media often cover Elon Musk, when Elon Musk entered crypto, many people criticized him for saying he was just gambling but after cryptocurrencies skyrocketed, more and more people get into cryptocurrencies to be successful like Elon Musk.

Topic: Elon musk now the richest man in earth - page 4. (Read 917 times)