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How Elon Musk Built His Fortune—And Became the Richest Private Citizen in the World
Time ^ | December 13 2021 | Alejandro de la Garza

Posted on 12/13/2021 5:32:03 AM PST by SmokingJoe

If you want to become a billionaire—and you didn’t happen to be born into the Saudi royal family—there are a few ways to get the job done. You could come up with one seriously good idea, like a new computer operating system or social network, and then build it into a gigantic company. Or you could take the Warren Buffet route, making a decades-long series of shrewd, low–risk investments, and then watch the wealth slowly trickle in. And then there’s what Elon Musk did.

Musk made his money differently than most of today’s famous billionaires. Instead of one amazing idea, he had several good ones. And instead of a bunch of clever, safe investments, he made just a few spectacularly risky ones. But there was a method to his madness, even if it wasn’t apparent to many at the time. The sum total of those bets made Musk the richest private citizen on the planet this year, and their world-altering effects—from privately-launched space missions to an electric vehicle titan that has left the auto industry desperate to catch up—have landed Musk as TIME’s 2021 Person of the Year.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: musk; spacex; tesla; time
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Time decides to skip far left, woke crap this year and name someone who actually deserves to be person of the year this time.
1 posted on 12/13/2021 5:32:03 AM PST by SmokingJoe
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To: SmokingJoe

Yep. Musk earned every dollar he has ever made.
Bravo to Musk.


2 posted on 12/13/2021 5:36:30 AM PST by tennmountainman ( Less Lindell CONS, More AZ Style Audits)
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To: tennmountainman

Anybody that is pro space exploration is OK with me.


3 posted on 12/13/2021 5:38:39 AM PST by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.p)
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To: SmokingJoe

It’s hard to be woke and be going out of business so might as will do your job for a change. However ideologues will burn down the ship in the middle of the ocean so I never know when they become lucid.


4 posted on 12/13/2021 5:39:23 AM PST by Liaison (TANSTAAFL)
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To: tennmountainman

I generally like Musk, but his true stroke of genius was engineering a coal power car in such a manner that the smokestack was relocated miles away.


5 posted on 12/13/2021 5:40:05 AM PST by Joe 6-pack
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To: SmokingJoe

He was privileged to live in Erica when it was still free


6 posted on 12/13/2021 5:45:10 AM PST by Leep (Save America. Lock down pres. Brandon!)
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To: SmokingJoe

He was privileged to live in AMERICA when it was still free


7 posted on 12/13/2021 5:45:42 AM PST by Leep (Save America. Lock down pres. Brandon!)
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To: SmokingJoe

.


8 posted on 12/13/2021 5:46:28 AM PST by sauropod (Meanie Butt Daddy - No you can't)
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To: Joe 6-pack

That may be the post of the day my friend. #1 post of this thread for sure. Cheers!


9 posted on 12/13/2021 5:48:46 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: SmokingJoe

10 posted on 12/13/2021 5:49:46 AM PST by SmokingJoe
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To: SmokingJoe

You’d think he could afford a better haircut.


11 posted on 12/13/2021 5:54:00 AM PST by Still Thinking (Freedom is NOT a loophole!)
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To: tennmountainman

>>Yep. Musk earned every dollar he has ever made.
Bravo to Musk.

Except for the $5Billion+ dollars he took as welfare from the US taxpayers.


12 posted on 12/13/2021 5:54:34 AM PST by qwerty1234
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To: SmokingJoe

The first one I’ve agreed with in a long time. I wish I was younger. I’d like to go to Mars.


13 posted on 12/13/2021 5:56:10 AM PST by Captain Compassion (I'm just sayin')
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To: SmokingJoe

Musk and Bezos have done more to change the way we buy things and what we buy than any other single individuals since Sam Walton, Sears and Robuck.

Paypal made it safe to sell things to and from private individuals thousands of miles apart over EBAY.

Amazon made it possible to buy ANYTHING and have it delivered to almost anywhere within 5-7 business days. It changed the way we purchase almost anything.


14 posted on 12/13/2021 5:56:32 AM PST by woodbutcher1963
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To: SmokingJoe

Musk is one of the most brilliant and successful Americans ever to live. He rivals Edison. Vanderbilt, and Ford in his vision to project need and build products.

The diversity of his genius excels his predecessors except Edison.


15 posted on 12/13/2021 5:57:25 AM PST by bert ( (KE. NP. N.C. +12) California needs Zorro to destroy the neoNobility corruption)
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To: qwerty1234

Better investment with taxpayer money than the money the Government gave
Salendra, the Solar Panel company that went bankrupt.


16 posted on 12/13/2021 5:57:51 AM PST by tennmountainman ( Less Lindell CONS, More AZ Style Audits)
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To: SmokingJoe; LucyT

I am surprised Time picked Musk, after he moved his operations to Texas from Californicatia.

Even a broken clock can be right once a day.

Because of fake president Geriatric Joe’s low approval rating and the disasterous record of their lefty heros and heroines who would usually be displayed by Time, they have avoided naming any Democrat related person becaie it would exacerbate their unpopularity as a magazine and its unpopular propaganda machinery.

Conclusion: Times revenue is way down and they are forced to do something right.

I am sure they wanted very badly to name Cheatin’ Joe Biden or “Knee Pads” Harris as person of the year, but they likely would have been out of business in a few months if they had done so.


17 posted on 12/13/2021 5:59:06 AM PST by Candor7 ((Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Candor7

Fauci is crying in his bat soup that he wasn’t picked


18 posted on 12/13/2021 6:06:40 AM PST by digger48
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To: tennmountainman

LOL. Pretty sure most of his wealth came from GUmmint Grants.


19 posted on 12/13/2021 6:07:25 AM PST by wastoute (Anyone who believes PsyOps are not involved has never met a PsyOps Officer.)
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To: wastoute

Why don’t u prove it.


20 posted on 12/13/2021 6:09:15 AM PST by tennmountainman ( Less Lindell CONS, More AZ Style Audits)
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