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Elon Musk becomes first person EVER to be worth more than $300billion thanks to Tesla shares spike - as Microsoft regains title of world's most valuable company after Apple's stock slumped
Daily Mail (UK) ^ | October 29 2021 | Stephen M. Lepore

Posted on 10/30/2021 3:23:40 AM PDT by SmokingJoe

Musk's net worth hit $302billion as of Thursday, according to the Bloomberg Billionaires' Index The increase of $10billion was due to a rise in Tesla shares on Thursday after the car firm announced a 100,000 car deal with rental firm Hertz The mogul is now worth over $100billion more than the second-richest person on earth, Amazon founder Jeff Bezos, who's worth sits at $199billion Musk is now worth more than the annual GDP of nations like Egypt, Portugal, the Czech Republic, Greece, Qatar and Finland He's also worth more than the market value of PayPal, the company he co-founded, as well as streaming giant Netflix Musk's worth exceeds the combined Forbes valuation of the Dallas Cowboys, New York Yankees, New York Knicks, Barcelona and Real Madrid ($25.4billion)

--- SNIP ----

These are the 10 richest people in the world, according to the Bloomberg Billionaires Index.

1. Elon Musk: $302 billion

2. Jeff Bezos: $199 billion

3. Bernard Arnault: $168 billion

4. Bill Gates: $135 billion

5. Larry Page: $129 billion

6. Sergey Brin: $125 billion

7. Mark Zuckerberg: $118 billion

8. Steve Ballmer: $116 billion

9. Larry Ellison: $115 billion

10. Warren Buffet: $105 billion

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: amazon; bezos; blueorigin; gates; musk; spacex; tesla
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So Dementia Joe (who has never done a real job in his life but has fed off taxpayers in the US Senate instead), together with Pelosi, AOC , Ilhan Oman etc etc look at all this money with jealousy and greed and think, "Hey why don't we just grab some of this money for ourselves with new communist style taxes?"
1 posted on 10/30/2021 3:23:40 AM PDT by SmokingJoe
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To: SmokingJoe

Elon Musk is growing wealth at a rate where he could be the first trillionaire.


2 posted on 10/30/2021 3:32:08 AM PDT by Bayard
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To: SmokingJoe

Summing up the total net worth of the top 10 gets you $1.377 trillion....not even enough to pay for the current proposal in congress.

It would leave these men broke and without a dime.


3 posted on 10/30/2021 3:54:03 AM PDT by Erik Latranyi (We are being played by forces most do not understand)
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To: Bayard

“Elon Musk is growing wealth at a rate where he could be the first trillionaire.”

Especially if he goes public with his other ventures like SpaceX and Starlink.

And I believe he doesn’t much care about his net worth. He takes joy and satisfaction doing out what he’s passionate about and the money is just a byproduct rather than the main objective.


4 posted on 10/30/2021 3:55:31 AM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: SmokingJoe

Musk deserves every penny of his fortune, now that Joe Brandon has announced that electric cars can drive coast to coast on a single tank of gas. /s


5 posted on 10/30/2021 4:01:01 AM PDT by Fresh Wind (You are not a horse, you are not a cow. Seriously, y'all. Stop it.)
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To: Bayard
As long as he beats Bezo and Gates....

He is soooo impressive.

Gates lives in a box compared to Musk.

6 posted on 10/30/2021 4:03:55 AM PDT by Sacajaweau
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To: SmokingJoe

Pelosi’s husband made out like a bandit (again) with his well-timed investment in Tesla stock!


7 posted on 10/30/2021 4:06:43 AM PDT by jughandle (Big words anger me, keep talking. )
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To: Sacajaweau
It's funny Ballmer is so close to Gates ($116 Billion to Gates $135 Billion) given that Ballmer was not even there when Microsoft was founded and Gates only brought Ballmer in much later as an employee.
Mistake Gates made was to sell off most of his Microsoft stock and buy stock in other companies instead. Ballmer kept most of his wealth in Microsoft and ended up better off.
8 posted on 10/30/2021 4:16:22 AM PDT by SmokingJoe ( )
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To: jughandle

Yes he did. Through options on Tesla stock


9 posted on 10/30/2021 4:18:06 AM PDT by SmokingJoe ( )
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To: SmokingJoe

That’s why he could pay a billion more than the Clippers we’re worth!


10 posted on 10/30/2021 4:21:40 AM PDT by Dr. Ursus
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To: Erik Latranyi

When does the money bomb explode?

The public is numb to these numbers.

Meanwhile, bread 🍞 and circuses πŸŽͺ

Clowns 🀑🀑🀑🀑 to the Left of us

Jokers πŸƒπŸƒπŸƒπŸƒ to the Right

Here I am

Stuck in the middle with you

(No offense intended - just had to roll with the lyrics 🎢🎡🎢🎢🎢🎡🎡)

We’re all in this together πŸ™„πŸ™„πŸ™„

Sadly...


11 posted on 10/30/2021 4:30:18 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: Dr. Ursus

He wasn’t even anywhere near as rich then as he is now.


12 posted on 10/30/2021 4:32:42 AM PDT by SmokingJoe ( )
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To: SmokingJoe

In today’s inflated dollars this puts him among the top of the β€œrobber barons.”


13 posted on 10/30/2021 4:33:45 AM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: SmokingJoe

Cool for Musk, now he can pay back the many billions of Taxpayer funds that he used to get Tesla off the ground.


14 posted on 10/30/2021 4:39:38 AM PDT by KobraKai
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To: SmokingJoe

Elons worth is enough to write a check to everyone for about 900 dollars and a bit more.


15 posted on 10/30/2021 5:10:28 AM PDT by Bayard
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To: KobraKai

“Pay back” what?
All electric car tax subsidies/tax refunds were available to every car maker.
It’s not Musk’s fault if Ford GM etc did not take advantage of all this 20 years ago.
Trouble with you lefties is you sit on your butts and watch someone work a massive 19 hours a day for decades, flirt with bankruptcy over and over again, then the moment he becomes extremely rich, you turn up and demand that he hand over his money.


16 posted on 10/30/2021 5:10:31 AM PDT by SmokingJoe ( )
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To: KobraKai

I do know that his company paid back the 365 million dollar Department of Energy loan they got in 2010. They paid it back in full in 2013, ten years earlier than they had to.


17 posted on 10/30/2021 5:13:57 AM PDT by XRdsRev (Justice for Bernell Trammell, Trump supporter, murdered in 2020)
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To: SmokingJoe
Looking up the top 10 list again, we have Larry Ellison at $115 billion.
Mist people are not aware that Ellison is on Tesla's board and owns 15 million Tesla shares.

Oracle cofounder Larry Ellison scores $12 billion gain on his Tesla stock in under 3 years

https://markets.businessinsider.com/news/stocks/oracle-cofounder-larry-ellison-scores-12-billion-gain-tesla-stock-2021-1

18 posted on 10/30/2021 5:22:06 AM PDT by SmokingJoe ( )
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To: XRdsRev

Same thing in China.
The Chinese government (which is supposed to be communist), gave Tesla a loan of approx $1.4 Billion.
Tesla just paid it all back long before it was due.
And the Chinese government is not demanding that Tesla hand over all their money.
It takes a hard core communist like Dementia Joe and his deranged minions to do that.


19 posted on 10/30/2021 5:27:50 AM PDT by SmokingJoe ( )
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To: SmokingJoe

Man, what are you talking about? He used 5 billion in grants and tax subsidies to get Tesla going, when it would have crashed and burned if he used his own capital to do it. Expecting this money to go back to us is not leftist, and it’s not attacking the rich.

I think most people could get their dream project out of the red if they were spotted 5 billion dollars to do it. I’ve never taken a dollar of wellfare or government subsidies to live my life, so fuck you, I’m self made.


20 posted on 10/30/2021 5:28:18 AM PDT by KobraKai
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