{"id":217337,"date":"2026-09-06T12:48:10","date_gmt":"2026-09-06T12:48:10","guid":{"rendered":"https:\/\/www.europesays.com\/people\/217337\/"},"modified":"2026-09-06T12:48:10","modified_gmt":"2026-09-06T12:48:10","slug":"elon-musk-fires-back-at-bernie-sanders-over-his-900-billion-fortune","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/217337\/","title":{"rendered":"Elon Musk Fires Back at Bernie Sanders Over His $900 Billion Fortune"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/56db0925af2ad27faf63b3eec7d6471801685c03c2cb4b022e61d78a2e66e13a\/lightyear_networkapi\/resizefit_w960%3Bquality_80%3Bformat_webp\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fbeincrypto_us_662%2F07f7e9391f51bfae5b05b3baced6c404.jpg\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Elon Musk wealth debate as Musk denies holding a big pile of cash. Photo by BeInCrypto\" height=\"540\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> Elon Musk wealth debate as Musk denies holding a big pile of cash. Photo by BeInCrypto           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Elon Musk defended his wealth against Senator Bernie Sanders, saying his money sits in SpaceX and Tesla stock rather than in a cash hoard.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Sanders mentioned that Musk owns more wealth than the bottom half of American households. This reflects his democratic socialist philosophy of raising taxes on the rich, a stance that is becoming increasingly popular in America with the rise of political figures like Zohran Mamdani and Abdul El-Sayed.\u00a0  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Sanders has spent 2026 pushing for a tax increase on AI giants that would seed a $7 trillion public fund.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Musk&#8217;s argument rests on a second point. Share prices climb as the two companies deliver more, so every holder gains, including the pension and retirement funds that own the stock.  <\/p>\n<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/4e3bcf45317decdc21d14222412f153197c43e351d158c2217887afa874144db\/lightyear_networkapi\/resizefit_w960%3Bquality_80%3Bformat_webp\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fbeincrypto_us_662%2F22bc47c7a146015d3fd206e6eaaf7faf.png\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Elon Musk Wealth\" height=\"562\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> Elon Musk Wealth. Source: BeInCrypto           A Paper Fortune That Moves Every Day          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The numbers behind the argument shift constantly. Forbes currently values Musk at about $908 billion, down from roughly $1.1 trillion in June.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">That June peak briefly made him the world&#8217;s first trillionaire. His fortune then slipped below $700 billion in July, before Tesla and SpaceX shares rebounded through August.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">SpaceX has traded on the Nasdaq under the ticker SPCX since its June listing at $135 a share. As a result, SpaceX revenue forecasts and Tesla delivery numbers now reprice Musk&#8217;s net worth every session.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Neither man, however, controls the number they are fighting over. Traders reset it every session, long after the posts stop trending.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Read the Original story <a href=\"https:\/\/beincrypto.com\/elon-musk-wealth-stock-cash-sanders\/\" data-ylk=\"slk:Elon%20Musk%20Fires%20Back%20at%20Bernie%20Sanders%20Over%20His%20%24900%20Billion%20Fortune;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Elon Musk Fires Back at Bernie Sanders Over His $900 Billion Fortune&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Elon Musk Fires Back at Bernie Sanders Over His $900 Billion Fortune<\/a> by Phil Haunhorst at <a href=\"https:\/\/beincrypto.com\" data-ylk=\"slk:beincrypto.com;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;beincrypto.com&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">beincrypto.com<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk wealth debate as Musk denies holding a big pile of cash. Photo by BeInCrypto Elon Musk&hellip;\n","protected":false},"author":2,"featured_media":207848,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[122],"tags":[4704,202,203,17018,207,1340],"class_list":["post-217337","post","type-post","status-publish","format-standard","has-post-thumbnail","category-elon-musk","tag-bernie-sanders","tag-elon-musk","tag-musk","tag-sanders","tag-spacex","tag-tesla"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/117224177939592835","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/217337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=217337"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/217337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/207848"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=217337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=217337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=217337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}