If you owe the bank a million dollars, you have a problem.
If you owe the bank a billion dollars, the bank has a problem.
If you owe the banks tens to hundreds of billions of dollars based upon hocus-pocus stock valuations and branding hype, a big chunk of the system has a problem.
The fact that his history is public knowledge yet he keeps getting huge loans and fucking government handouts tells me that his way of doing things has become the norm amongst the rich, including banks and the government.
Only the childish bragging (to the point of purchasing a social media patform) makes him stand out from the rest.
Reading up on how Musk started getting rich, it’s all shifting assets around and arranging payouts to himself.
He’s also getting huge loans backed by inflated/fragile stock.
It’s a scam that for some reason everyone wants to take part in, instead of pointing the finger at the naked emperor.
I seriously question how these “richest person” “statistics” are calculated.
But, as Cid Vicious said, even discounting all that he still managed to amass lots of “real” money.
If you owe the bank a million dollars, you have a problem.
If you owe the bank a billion dollars, the bank has a problem.
If you owe the banks tens to hundreds of billions of dollars based upon hocus-pocus stock valuations and branding hype, a big chunk of the system has a problem.
The fact that his history is public knowledge yet he keeps getting huge loans and fucking government handouts tells me that his way of doing things has become the norm amongst the rich, including banks and the government.
Only the childish bragging (to the point of purchasing a social media patform) makes him stand out from the rest.
Oh, that’s easy.
Take the number of shares he owns in various enterprises and multiple by the share price.
Yes, it’s really that stupid.