Elon musk now the richest man in earth - page 8.

adaseb

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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.

Even if this is true i am pretty sure his off spring and their off spring are well settled financially. Even if he is left with a billion, that is still more money that he can ever spent in a life time.

Sure most of his wealth is tied to his Tesla stock holdings. And it’s possible there might be a larger pullback in the markets and he can lose tons of his billions but I don’t think he would really care.

You think Bill Gates cares that he is no longer the riches or Warren Bufffet, obviously they don’t.

FairUser

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This helps me to see that money is not everything, even though Elon has more money than Bill Gates and Warren Buffett, I still see the influence that Bill Gates and Warren Buffett create more than Elon. Actually, I think this position will soon be replaced by another billionaire in the near future, but anyway, I think I should feel happy to see such people exist and contribute to the development of the World.

johnyj

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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?

They are definitely not the richest person on earth, far from it. The wealth they hold is barely a few week's QE of one of the many central banks. I also remember a few months ago, there is a report claiming that one trader's position in an exchange is larger than all their wealth.

livingfree

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This is the race where many are interested about, knowing the richest man on Earth and how long he is going to remain. Well, he's really someone special, removing the conflict about his stance before the market.

I think he'll sustain it pretty well especially that there's a massive business and improvement that he's bringing to the people. If his businesses starts to expand like many other countries will be able to important Tesla cars then that'll make him massive sales.

As I know about his other product such as Starlink, it's already being considered in my country by some idealists who really likes it but it costs too much for me.

sheenshane

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IMO, there's no permanent in this world, anyone could be overtaken by Elon Musk's position and it could be Bill Gates that can get back his position since last year Elon Musk was overtaking the position from Bill Gates and announced his number richest man on earth.

But I think Elon Musk has more wealth than Bill Gates, I saw articles that Elon Musk's wealth was worth more than Bill Gates and Warren Buffet if they combined. I can't imagine how rich this man and that's why he can able to manipulate the crypto market space. Rich people become rich because they can invest more as much h as they can.

Hippocrypto

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Elon Musk would sustain to be one of the richest man in the world same with Bill Gates was, and despite challenges he had faced I think he'd able to manage those barnacles.
However, he couldn't overtake the richest of Bill Gates because he's the top one of all of them but that's not impossible if Elon's projects will soon take off to it's most potential. We don't know how long it will take, that depends on current progress and I believed cryptocurrency who's backed up by this man would also soar someday.

eaLiTy

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

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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?

It all depends upon how well his Tesla and SpaceX stock will rally and the new found billions is because of the rally in his stock market. I really do not care if he sustains the wealth or not and the reason i am not a big fan of Elon Musk is because of the constant shilling in the cryptocurrency space and the number of investors who lost a ton of money because of his shilling degrades everything he does.

GubiMixa1292

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Elon Musk can still be replaced by someone else in the future like he replaced Bill Gate as the richest man in the world although it will take a long time. Recently the rankings have gradually changed as they are. We see that today could be Elon Musk, tomorrow could be Jeff. In the future there is a possibility that Jeff Bezos has significant gains in stocks and conversely Elon Musk will not be at the top for many months his stock will remain down this will always change over time but at least he is still in the top 10 of the richest people in the world.

John999

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

jaysabi

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Quote from: Ultegra134 on October 16, 2021, 04:08:40 PM

This man is a phenomenon, he's a true businessman, whether you like it or not. It's surprising that he reached the top within a few years, surpassing the wealthiest of all. He used to be involved in the most renowned companies, such as PayPal, in which he was a co-founder. I know that he has pissed the crypto community off, but this man is a true genius.

It's literally taken him his whole life to get as rich as he is, what are you talking about with "a few years." People who build world-changing companies are often billionaires. That's how capitalism works. It's been this way since the Rockefellers and Vanderbilts and Morgans of the world first amassed huge fortunes for building such world-changing companies, and it continues today with the Gates and Buffets and Musks of the world. But none of it was done "in a few years." It took all of them literally their whole lives to get as rich as they did.

Ultegra134

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This man is a phenomenon, he's a true businessman, whether you like it or not. It's surprising that he reached the top within a few years, surpassing the wealthiest of all. He used to be involved in the most renowned companies, such as PayPal, in which he was a co-founder. I know that he has pissed the crypto community off, but this man is a true genius.

wxa7115

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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?

No one knows for how long he will be able to keep up that position, we must remember that in the case of people so rich most of their fortune is invested in their companies.

This means that if for some reason the stocks of his companies begin to fall then his wealth is going to be compromised. Also it is difficult for this spot to be maintained because unlike Buffett which is mainly an investor, Elon Musk is an innovator and the moment his companies stop innovating or they do it at a slower rate then once again the price of his stocks could go down and he could lose that position really quickly.

jaysabi

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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?

It's primarily based on Tesla stock, so his fortune is tied very much to what Tesla's stock price does. My own opinion is Tesla is disgustingly overvalued. It's valued like it's the only EV maker in the world and given tech company multiples instead of automobile multiples, so as competition ramps up and Tesla continues to have quality and safety problems, this stock will eventually run into reality. Same for Elon's net worth.

TheNineClub

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If he keeps financing his projects then he very well may not stay in that position, but that would be the point of all that wealth, to spend it. So as long as he is spending it on doing what he likes, I doubt the positioning matters to him. And if he slips out of that position due to him spending on projects, he might very well get back if any of those projects becomes big.

BIT-BENDER

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Bill gates current Position on the richest men list is one he hasn't been for over thirty years, that's three decades so we don't know if he would come back from it.
Elon musk biggest rival for the richest man in the world is nit bill gates, rather the Amazon chief, Jeff bezos, and I think Elon musk won't be at the top for months, his stocks will still drop, and Jeff bezos stocks would rise and there would be hand over of richest man in the world from Elon to Jeff, but I know bill gates reign is over I don't think we would see him at number one again for a very long time.

BITCOIN4X

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I don't know when it will end but for sure it will still be replaceable. Remember that the wheel is always turning and the world wealth rankings can also be changed. Elon Musk can still be replaced by someone else in the future like he replaced Warren Buffett and Bill Gate as the richest person in the world although it will take time.

Elon is an investor as well as a businessman so he has a good master plan to maintain and increase his wealth through various businesses. Currently he is quite active as a crypto investor, in the future maybe he can just walk away from this crypto after reaping so many profit and wrestle with other fields. It's just a matter of time, we don't know if he can really keep it up for long.

nakamura12

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Elon may sustain it for longer time but there's always an end to every beginning much like Bill Gates where he is the world's most richest man on earth but later on didn't became the world's most richest person on earth but still on the top 10 though. We won't know for how long elon will keep the title of being the world's richest person on earth. Only time will tell.

Gozie51

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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?

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