To be fair, most of those countries are dumps because of their own internal politics and shitty conflicts.
Misleading title – this is based on household wealth, not total wealth.
Most of Elon’s money is government subsidies from failed programs or programs that never took off.
I was listening to a podcast and they were talking about taxation and there was a crazy stat.
The top 25 wealth holders in the United States have combined as much wealth as all the residents of Pennsylvania, Vermont and one other state which I can’t remember now. But the population was about 18 million people.
The top 25 wealth holders paid 1.9 billion in income taxes. The population of the three states paid 150 billion in income taxes. It was pointing out the loop holes that the rich use to avoid paying taxes and when population samples of equal wealth have a dramatically different tax burden, we have a problem.
To be fair countries should absolutely not be trimmed for profit.
[deleted]
Seems pretty ethereal. Valuation would not be the same if he tried selling all his shares.
Fantastic. One more visualization demonstrating why this should never be allowed to exist and how our system is fundamentally flawed for allowing it to happen.
Layoffs everywhere, the rich get richer…
World’s first trillionaire?
Musk’s wealth is completely obscene and indicative of a systemic failure at the heart of neoliberal capitalism. All that resource syphoned out of society just to pool around a single individual and their pet interests is completely emblematic of the gross disparity that’s undermining society. We’d all fare so much better if billionaires didn’t exist. I mean how much does a person need to satisfied?
Why doesn’t he just buy a country and leave us alone?
This wealth is theoretical – if he tried to sell all of his stock, it would never fetch that much as the act itself would crash the price.
At what point did s something down about this. His immense power and wealth is actually a national security issue
Capitalism has evolved into a new form of monarchy
Tesla shares were not worth anywhere near what the market is valuing them at.
wait so hes now the relative and absolute richest person in history?
The biggest difference is Elon Musk does not have 447$ billion. For example the US spent 448$ billion on income security programs In 2023. Meaning the US had 448$ billion in cash to spend. Elon could not spend 447$ billion dollars. I would bet Elon does not have 20 billion in cash he could spend because why would he? The same holds true for all the countries out there he “has more money than”.
Absolutely mind blowing 🤣🤦♂️
I heard there’s this great Nintendo game about getting rid of ghouls in mansions.
![Only 55 Countries Now Have More Total Wealth Than Elon Musk's $447 Billion [OC]](https://www.europesays.com/wp-content/uploads/2024/12/9xRfIFE-IZVucezCZWjGTkzjgqQuxuRuE3SSy2j5Y.jpg)
22 comments
So I’ve seen a lot of posts comparing Elon Musk’s Net worth to GDP, which is not a fair comparison.
GDP is more analogous to income than value.
So instead I took the data from the UBS and Credit Suisse [*Global Wealth Databook 2023*](https://www.ubs.com/global/en/family-office-uhnw/reports/global-wealth-report-2023.html), accessed via [Wikipedia](https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth#Total_household_wealth_by_country) and compared it to the latest Net worth figure from [Bloomberg](https://www.bloomberg.com/billionaires/profiles/elon-r-musk/).
Map created with [Mapchart.net](https://www.mapchart.net/).
To be fair, most of those countries are dumps because of their own internal politics and shitty conflicts.
Misleading title – this is based on household wealth, not total wealth.
Most of Elon’s money is government subsidies from failed programs or programs that never took off.
I was listening to a podcast and they were talking about taxation and there was a crazy stat.
The top 25 wealth holders in the United States have combined as much wealth as all the residents of Pennsylvania, Vermont and one other state which I can’t remember now. But the population was about 18 million people.
The top 25 wealth holders paid 1.9 billion in income taxes. The population of the three states paid 150 billion in income taxes. It was pointing out the loop holes that the rich use to avoid paying taxes and when population samples of equal wealth have a dramatically different tax burden, we have a problem.
To be fair countries should absolutely not be trimmed for profit.
[deleted]
Seems pretty ethereal. Valuation would not be the same if he tried selling all his shares.
Fantastic. One more visualization demonstrating why this should never be allowed to exist and how our system is fundamentally flawed for allowing it to happen.
Layoffs everywhere, the rich get richer…
World’s first trillionaire?
Musk’s wealth is completely obscene and indicative of a systemic failure at the heart of neoliberal capitalism. All that resource syphoned out of society just to pool around a single individual and their pet interests is completely emblematic of the gross disparity that’s undermining society. We’d all fare so much better if billionaires didn’t exist. I mean how much does a person need to satisfied?
Why doesn’t he just buy a country and leave us alone?
This wealth is theoretical – if he tried to sell all of his stock, it would never fetch that much as the act itself would crash the price.
At what point did s something down about this. His immense power and wealth is actually a national security issue
Capitalism has evolved into a new form of monarchy
Tesla shares were not worth anywhere near what the market is valuing them at.
wait so hes now the relative and absolute richest person in history?
The biggest difference is Elon Musk does not have 447$ billion. For example the US spent 448$ billion on income security programs In 2023. Meaning the US had 448$ billion in cash to spend. Elon could not spend 447$ billion dollars. I would bet Elon does not have 20 billion in cash he could spend because why would he? The same holds true for all the countries out there he “has more money than”.
Absolutely mind blowing 🤣🤦♂️
I heard there’s this great Nintendo game about getting rid of ghouls in mansions.
and no country more wealth than blackrock
Comments are closed.