Posted on 10/26/2021 1:43:38 PM PDT by SmokingJoe
There are ways of going about it.
Gates, Bezos, Paul Allen have been doing it for years without much of a problem. Musk has been known to use his stock to guarantee and get personal bank loans.
Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. It also means the Tesla chief executive is worth tens of billions more than the second-richest person on earth, Amazon.com founder Jeff Bezos.
Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. That's an increase of almost $10 billion from the previous day, thanks to a jump in Tesla shares on Thursday.
To give Musk's wealth some perspective, consider that it is greater than the annual GDP of nations such as Finland, Chile and Vietnam — and exceeds the market value of Netflix and PayPal, a company that he co-founded. The surge in Musk's assets comes as lawmakers are considering a billionaires tax that would take a bite out of the wealth of the nation's roughly 700 billionaires.
Elon Musk: $302 billion
Jeff Bezos: $199 billion
Bernard Arnault: $168 billion
Bill Gates: $135 billion
Larry Page: $129 billion
Sergey Brin: $125 billion
Mark Zuckerberg: $118 billion
Steve Ballmer: $116 billion
Larry Ellison: $115 billion
Warren Buffet: $105 billion
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