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Coincidence?
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this post was submitted on 10 Nov 2023
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Microblog Memes
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You can't get rid of that much money. He could make nothing but terrible choices for the next 100 years and his money would continue making him insane amounts of money.
Oh yes you can.
The vast majority of his value comes from his companies. telsa went down what, 50-70%, so slash his worth by 30%, twitter was bought for twice the value and dropped to 50% ofmits worth in under a year. If he keeps going like that, he'll be bankrupt by 2025
Bankrupt doesn't mean broke when you're ultra-wealthy. Trump has declared bankruptcy what, 6 or 7 times? He's still a billionaire.
Trump is likely not (and never was) a billionaire he's a notorious liar when it comes to his wealth and has always inflated the crap out of everything.
Musk is equally a notorious liar and is very capable of going bankrupt as most of his wealth is in his companies that he's quite expertly running into the ground. His Twitter acquisition required multi billion dollar loans and the interest and payments together run into billion(s) per year. As he paid twice the value for twitter and the expertly ran it down to half that value, he lost about 75% of the money.. good luck with that next payment, asshole!
He pulled a huge amount of stock out of tesla ("I'll never sell tesla stock", musk) and with that tesla went off a cliff as well
Hell he bankrupt within 5 years, if that.