this post was submitted on 19 Sep 2023
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Even if 99% of it would evaporate that would still be a ridiculous amount of power.
But Bill Gates proved that diversifying a stock of mainly one company while having that company keep all its value is possible. Elon Musk is horrifyingly rich like it or not. His power and the damage he can do is huge.
Yeah, he has power for sure. He singlehandedly killed twitter because his kid liked using it and is now playing with the corpse.
My point is that the actual number he has to his name is arbitrary because the economy would not be able to handle him using all that money in the way normal people would use money. The system requires him to sit on most of it and not do anything with it.