News JVTech Elon Musk is the poorest man in the world!
Rightly or wrongly, Elon Musk is often cited as the most powerful and richest man on earth. However, if we analyze the numbers differently and take a closer look, Elon Musk would actually be the…poorest man alive!
Who of Elon Musk or Bernard Arnault is the richest man in the world in 2022?
With an estimated net worth of $146.5 billion (137.8 billion dollars) and despite record losses in 2022 Elon Musk remains one of the richest men in the world after Frenchman Bernard Arnault (CEO of the luxury group LVMH), whose fortune is estimated today $176.6 billion (166.1 billion dollars) according to the American business magazine Forbes.
The Casa Degli Atellani, the new home of Bernard Arnault
To celebrate this well-deserved (or not) first place, the boss of Louis Vuitton offered himself a few days ago
the house of the Atellani located in Milan, Italy, a villa known for having… belonged to Leonardo da Vinci, We’re sorry. What are the petty privileges of billionaires, a far cry from the way of life of the whimsical Elon Musk, who declared a few months ago that he had sold all of his properties and slept in a “tiny house” (a small foldable or transportable house) worth…50,000 $.
I have decided to sell my last remaining house. Just have to go to a big family that will live there. It’s a special place.
— Elon Musk (@elonmusk) June 14, 2021
Rest assured, if Elon Musk doesn’t like owning, he sold his last home last year for the modest sum of $37 million, a trifle considering his total wealth. But today we are interested in a video made by the Youtube channel of
scientific garbage
showing us in a rather relentless way that Elon Musk would actually be the…poorest man alive!
Why is Elon Musk actually the poorest man in the world?
At the time of the video’s publication (September 30, 2022), Elon Musk had yet to buy Twitter and all the lights were green for the Tesla and SpaceX boss with a fortune then estimated at…$288 billion! Between the $44 billion spent buying Twitter and the stock market losses of his other companies, the oddest of billionaires’ fortune has practically halved.
Anyhow, Elon Musk remains rich, very rich, except we never speak of salary or money, but of “estimated net worth.” And that’s the whole difference. Basically, if Elon Musk were to sell all of his shares and all of his companies today, he would have the equivalent of around $150 billion in his bank account, except that’s all wind, pie, or whatever you want to call it.
Because in reality, as the video above explains very well, Elon Musk’s bank accounts are all in the red and his debt is estimated at over $548 million, even though he hadn’t paid a single dollar for Twitter. But thanks to all of his businesses, most of which are publicly traded, his fortune fluctuates by tens of millions or even billions every day, like that famous October 25, 2021 when he won…$36 billion in a single day, a World record never equaled. !
To go even further, you should know that Elon Musk doesn’t pay himself a salary and therefore he “only” receives the bonuses that his companies pay him every year, like this mega bonus of $56 billion that is paid out to him should Tesla over 10 years, enough to bail out its bank accounts…
