Attention: Please take a moment to consider our terms and conditions before posting.

ELON MUSK - Worlds first Trillionaire

up_the_valley
up_the_valley Posts: 4,590
edited June 14 in Not Sports Related

https://www.bbc.co.uk/news/live/czj8dd0kyl7t

Absolutely crazy money.

«1

Comments

  • Leroy Ambrose
    Leroy Ambrose Posts: 14,691
    If you have a dollar, you are closer in wealth to the world's second richest man than he is to Musk. 

    Absolutely fucking obscene. 
  • Leuth
    Leuth Posts: 24,044
    The most embarrassing human to ever live? Certainly up there 
  • BDS
    BDS Posts: 9
    Worlds richest man, but only the worlds 4th biggest c*nt
  • SantaClaus
    SantaClaus Posts: 7,926
    Musk buying Millwall would be on brand.
  • Leroy Ambrose
    Leroy Ambrose Posts: 14,691
    SantaClaus said:
    Musk buying Millwall would be on brand.
    I'm sure we did a thread on that already a while back? 😂 
  • MuttleyCAFC
    MuttleyCAFC Posts: 48,238
    He revels in decimating US jobs, has this stupid notion of going to Mars and makes crap cars. In terms of Mars, it is a planet that is not hospitable, will likely men if you land there you have to stay there and won't herald interstellar space travel. It is a vanity project bit I would support it if he decides to go there. Before anybody says we can terraform Mars, why don't we sort this planet out, it has to be so much easier?
  • Blackheathen
    Blackheathen Posts: 6,767
    His wealth is only slightly less than that of all New Zealanders put together.
  • Alwaysneil
    Alwaysneil Posts: 14,476
    MuttleyCAFC said:
    He revels in decimating US jobs, has this stupid notion of going to Mars and makes crap cars. In terms of Mars, it is a planet that is not hospitable, will likely men if you land there you have to stay there and won't herald interstellar space travel. It is a vanity project bit I would support it if he decides to go there. Before anybody says we can terraform Mars, why don't we sort this planet out, it has to be so much easier?
    I would support him taking as many trips in Space X rockets as is required for him to be in one as it explodes.
  • eastterrace6168
    eastterrace6168 Posts: 26,704
    edited 7:43AM
    What a thread to wake up to...pass me the bucket...🤢🤮

    https://www.youtube.com/watch?v=TBSpmoA8V78&list=RDTBSpmoA8V78&start_radio=1

  • Sponsored links:



  • ShootersHillGuru
    ShootersHillGuru Posts: 51,198
    Imagine having all that wealth and not at least try to solve some of the blindingly obvious and terrible things in the world. eg. He could help solve this and leave probably the greatest legacy in all of humankind. Instead he’s decided to be a prick.

    The figures are truly devastating.

    Diseases linked to unsafe drinking water, poor sanitation and poor hygiene kill more than 1,000 children under age 5 every single day. 

    That’s roughly one child every 2 minutes.

    According to the WHO, better water, sanitation, and hygiene could prevent around 1,000 of these child deaths per day  — meaning these deaths are almost entirely preventable.

    The scale of the problem:

    • 1 in 4 people globally — around 2.1 billion — still lack access to safely managed drinking water, including 106 million who drink directly from untreated surface sources 
    • More than 1 million people die each year from lack of access to safe water and sanitation 

    The cruel irony is that improving access to water, sanitation and hygiene could save 1.4 million lives per year  — the solutions exist, it’s purely a matter of global priority and investment.
  • Rothko
    Rothko Posts: 19,286
    This is a man who celebrated cutting aid to the poorest and reveals in the amount of death that caused.

    Hes also funding the likes of Stephen Yaxley Lennon to pour sewage into this countries bloodstream. 
  • cantersaddick
    cantersaddick Posts: 18,166
    edited 8:03AM
    ShootersHillGuru said:
    Imagine having all that wealth and not at least try to solve some of the blindingly obvious and terrible things in the world. eg. He could help solve this and leave probably the greatest legacy in all of humankind. Instead he’s decided to be a prick.

    The figures are truly devastating.

    Diseases linked to unsafe drinking water, poor sanitation and poor hygiene kill more than 1,000 children under age 5 every single day. 

    That’s roughly one child every 2 minutes.

    According to the WHO, better water, sanitation, and hygiene could prevent around 1,000 of these child deaths per day  — meaning these deaths are almost entirely preventable.

    The scale of the problem:

    • 1 in 4 people globally — around 2.1 billion — still lack access to safely managed drinking water, including 106 million who drink directly from untreated surface sources 
    • More than 1 million people die each year from lack of access to safe water and sanitation 

    The cruel irony is that improving access to water, sanitation and hygiene could save 1.4 million lives per year  — the solutions exist, it’s purely a matter of global priority and investment.
    Not only has he not done anything to help any of those situations hes actively made them worse. His "DOGE" cutting spree (for his own personal gain) gutted US Aid which conservative estimates suggest has already led to 750,000 deaths worldwide and will over the course of the next decade lead to an estimated 14million.  https://www.oxfamamerica.org/explore/issues/making-foreign-aid-work/inside-the-demise-of-usaidand-what-comes-next/
    https://www.bbc.co.uk/news/articles/cx2jjpm7zv8o

    Or remember a few years ago when Musk said to the UN if they could solve world hunger for $6bn he would sell Tesla stock to donate that cash to do it. They produced a fully costed, itemised proposal and he just went "Nah, don't fancy it anymore". Who on here wouldnt donate 0.5% of their net worth to end world hunger?

    https://edition.cnn.com/2021/11/18/tech/elon-musk-world-hunger-wfp-donation

    Imagine having more wealth than is physically possible to spend in a thousand lifetimes and not having your name on a single school, hospital, community centre, or anything. The face of pure evil. 

    History will look back on him with distain. But the bigger question history will study is how and why he managed to get so much adoration from ordinary people when he was so openly evil. 
  • guinnessaddick
    guinnessaddick Posts: 30,413
    1 million seconds is 11 1/2 days 
    1 billion seconds is 31 years & 8 months 
    1 trillion seconds is more than 31,000 years.
  • Chizz
    Chizz Posts: 28,653
    It would cost about $120bn to eliminate malaria, globally. If only there was someone with enough resource to do that...
  • cantersaddick
    cantersaddick Posts: 18,166
    Apparently he really loves it when people on social media (particularly his social media which I am no longer on) refer to him as Ellen. A small way you can annoy him should you so wish if you are still on that platform
  • sam3110
    sam3110 Posts: 23,336
    He could end world hunger, end malaria, solve the clean water problem and still be the richest man in the world
  • Making_all_the_noise
    Making_all_the_noise Posts: 270
    He is as obnoxious as everyone has pointed out but his wealth is not liquid, it’s tied up in what is to my mind, are some wildly overvalued equity holdings. 

    He has a ridiculous cult of followers which inflates any of his company’s stock. It feels like institutional investors jump on the bandwagon to profit as well. None of the valuations seem to add up from what I can see. Value seems to be tied up in brand Musk. His genius was best put to the test by DOGE and it was an unmitigated failure. 
  • IdleHans
    IdleHans Posts: 11,464
    sam3110 said:
    He could end world hunger, end malaria, solve the clean water problem and still be the richest man in the world

    yes, but that would disproportionately benefit people who are not the same pasty colour as him, so why would he?
  • Diebythesword
    Diebythesword Posts: 822
    If I did loads of ketamine after my daughter cut me out, could I be a trillionaire too? 

  • Sponsored links:



  • jose
    jose Posts: 1,382
    Glad to say I have never ever been on xitter, used paypole, or driven or bought a Teaser car. Nor have I travelled in a tin can into space.
    So all I know about the man is he is a rancid creep that does fascist salutes in public, speaks at the events for criminal evil racist Yaxley-Lennon, and lends tacit support for Nigel Fascist and his Refuk political party.
  • eastterrace6168
    eastterrace6168 Posts: 26,704
    edited 8:35AM
    Why are we even wasting our time on this waste of space piece of shite..🙄
  • cafcnick1992
    cafcnick1992 Posts: 7,772
    The Red Robin said:
    Yet he chooses to be a c*nt and not do anything of any social value with it. I hope he fucks off to Mars and takes his helmet off. 
    He did revolutionise the electric car industry. Electric cars would not be as good as they are today without Tesla having set the standard. 
  • ShootersHillGuru
    ShootersHillGuru Posts: 51,198
    cafcnick1992 said:
    The Red Robin said:
    Yet he chooses to be a c*nt and not do anything of any social value with it. I hope he fucks off to Mars and takes his helmet off. 
    He did revolutionise the electric car industry. Electric cars would not be as good as they are today without Tesla having set the standard. 
    The front runners certainly. Hard to imagine the mega car industry not getting there soon after. 
  • Leroy Ambrose
    Leroy Ambrose Posts: 14,691
    cafcnick1992 said:
    The Red Robin said:
    Yet he chooses to be a c*nt and not do anything of any social value with it. I hope he fucks off to Mars and takes his helmet off. 
    He did revolutionise the electric car industry. Electric cars would not be as good as they are today without Tesla having set the standard. 
    Musk did absolutely nothing related to that except con the US government of the day into giving Tesla massive subsidies in order to make it economically viable. The US taxpayer made Tesla a success, not Musk. 
  • cantersaddick
    cantersaddick Posts: 18,166
    Making_all_the_noise said:
    He is as obnoxious as everyone has pointed out but his wealth is not liquid, it’s tied up in what is to my mind, are some wildly overvalued equity holdings. 

    He has a ridiculous cult of followers which inflates any of his company’s stock. It feels like institutional investors jump on the bandwagon to profit as well. None of the valuations seem to add up from what I can see. Value seems to be tied up in brand Musk. His genius was best put to the test by DOGE and it was an unmitigated failure. 
    On the liquidity argument. Personally I believe it holds no weight at that level of extreme wealth. When a person is able to leverage their holdings for massive amounts of extremely cheap credit to fund their personal lifestyle (thus offsetting their personal tax liability) or to fund their next aquisition (thus offsetting their corporations tax liability) the argument that its not liquid no longer has any validity. 

    This IPO in particular shows exactly why individuals with this level of extreme wealth are simply not compatible with democracy and society. Its about the power relationships. Musk now has so much power and influence that he was able to influence stock market rules and processes so that usual IPO rules, criteria and limits do not apply. https://www.usatoday.com/story/money/2026/06/08/spacex-ipo-wall-street-rules/90459479007/

    This isnt just going to mean he makes more money - its going to mean lots of us lose massive amounts (relative) on our pensions and investments.

    The valuantion rules were changed to hide the fact that Space X is a loss making company and inflate the prices. He agitated for Fast-Track Index Inclusion meaning - index funds like the NASDAQ 100 and FTSE Russell changed their waiting period for inclusion in the index from months to mere days. This coupled with the "Forced Buyer" Effect means that passive funds, tracks, and pensions benchmarks are forced to buy shares much sooner than they would usually or even should. The IPO also defied standard Wall Street bookbuilding practices (where a price range is tested and adjusted via investor roadshows) by setting a strict, fixed price of $135 per share prior to public offering. 

    These together mean that in August when the price is allowed to move freely it is basically guaranteed to drop due to the inflated valuation. but all of our pension funds and investments in trackers and index funds have been forced to buy it. So we will all lose value as he gets richer. And the value our funds lose will be exaggerated as Musk ensured  the Nasdaq enacted a 3x multiplier for the stock's float-adjusted weight (claiming this is due to the small scale of the float). This means the stock's movement will have an exaggerated impact on the broader index - and our investments. 

    There is no society or democracy where one man should have the power to influence rules to this extent and so massively enrich himself at the expense of ordinary people.

    https://news.sky.com/story/spacex-ipo-latest-elon-musks-company-to-debut-on-stock-market-and-could-make-him-a-trillionaire-13552004

    https://www.wsj.com/finance/stocks/ftse-russell-latest-to-make-u-s-index-inclusion-easier-ahead-of-spacex-ipo-35157adf

    https://www.reuters.com/business/media-telecom/spacex-plans-raise-75-billion-ipo-135-per-share-source-says-2026-06-03/

    https://www.cnbc.com/2026/06/09/spacex-ipo-explained-stock-price-date.html
  • Swisdom
    Swisdom Posts: 15,092
    I don't agree with most of his methods but his results do speak for themselves.

    Read his book and you can see a bit of why he is like he is, coupled with the fact he is not wired up right.

    Interesting character and i dare say there will be all sorts of studies done on him, his methods, his health matters, his family. 
  • cafcnick1992
    cafcnick1992 Posts: 7,772
    Leroy Ambrose said:
    cafcnick1992 said:
    The Red Robin said:
    Yet he chooses to be a c*nt and not do anything of any social value with it. I hope he fucks off to Mars and takes his helmet off. 
    He did revolutionise the electric car industry. Electric cars would not be as good as they are today without Tesla having set the standard. 
    Musk did absolutely nothing related to that except con the US government of the day into giving Tesla massive subsidies in order to make it economically viable. The US taxpayer made Tesla a success, not Musk. 
    I do think it takes a serious dosage of Musk Derangement Syndrome to pretend that Musk had nothing to do with the success of Tesla.
  • cantersaddick
    cantersaddick Posts: 18,166
    edited 9:51AM
    cafcnick1992 said:
    Leroy Ambrose said:
    cafcnick1992 said:
    The Red Robin said:
    Yet he chooses to be a c*nt and not do anything of any social value with it. I hope he fucks off to Mars and takes his helmet off. 
    He did revolutionise the electric car industry. Electric cars would not be as good as they are today without Tesla having set the standard. 
    Musk did absolutely nothing related to that except con the US government of the day into giving Tesla massive subsidies in order to make it economically viable. The US taxpayer made Tesla a success, not Musk. 
    I do think it takes a serious dosage of Musk Derangement Syndrome to pretend that Musk had nothing to do with the success of Tesla.
    Ignoring the idiotic culture war langauge. Thats not what he said though. Clearly Musk using his influence to extract massive subsidies from governments is obviously part of the success "story". But did he "revolutionise the EV industry" as was claimed. Well he didnt found Tesla, he didnt fund the development (that was a few investors and large government sibsidies) nor was he involved in any engineering decisions. Musk used his profile to gain attention and popularity for Tesla and ultimately that will have helped success of Tesla. But did he personally revolutionise the EV industry? Its at best questionable. 
  • charltonkeston
    charltonkeston Posts: 7,479
    https://www.youtube.com/watch?v=PZEH1NxbyCk

Categories