• spittingimage@lemmy.world
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    1 year ago

    When no-one was looking, Elon Musk lost forty billion. He lost 40 billion. That’s as many as four tens billions. And that’s terrible.

    • MelodiousFunk@kbin.social
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      1 year ago

      I never would have guessed that Musk is a billion times worse than Lex Luthor, but the math is right there. Terrible.

    • SpaceCowboy@lemmy.ca
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      1 year ago

      He could have ended world hunger multiple times. But instead he bought a social media site so he could be popular with the Nazi crowd.

      On the bright side, whenever anyone fucks things up now, they can think “well at least at least I didn’t fuck things up as badly as Elon Musk.”

    • gregorum@lemm.ee
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      1 year ago

      Terrible for him. Great for everyone else that that 40 billion is now in the hands of other people. 

      It’s also ironic, that he is single-handedly the greatest redistributor of his own wealth. 

      • superkret@feddit.de
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        1 year ago

        Terrible for him

        Not really, and that’s the obscene part. Literally absolutely nothing changed about his standard of living by losing $40B.
        He could have solved world hunger for years with that money, and wouldn’t even have had to give anything up for it.

      • qaz@lemmy.world
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        1 year ago

        40 billion going into the bank accounts of investors that previously owned Twitter stock certainly is a redistribution of wealth, but I doubt it’s the kind you’re referring to.

    • El Barto@lemmy.world
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      1 year ago

      40,000 millions. Most people could live without working ever again with one million dollars (provided they managed them wisely.)

      • StinkyRedMan@lemmy.world
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        1 year ago

        While one million is a pretty good amount of cash, you’re delusional if you thinks it’s a “never working again” amount of money. I had this talk pretty recently with a friend of mine, if he used it to finish paying his house (150k) at 24k a year it would not even last 40 years.

        • El Barto@lemmy.world
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          1 year ago

          You’re assuming that everyone living today will live for more than 40 years. Ageist much? (I’m kidding.)

          No, I’m not delusional. I’m not saying “never work again and live in luxury.” I’ll gladly live in a studio apartment for a few years while I put some of that money work for me (instead of me working.) It’s doable.

          Edit: you can also move to a relatively safe country where 20K a year gives you the same standard of living as a middle-class westerner - minus the 9 to 5 grind.

        • mosiacmango@lemm.ee
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          1 year ago

          At a 4% return, a million nets you around 4000k/month without affecting the principle. After taxes, youre likely walking away with 40k/yr.

          Plently of places in the US you can live for around 40k/yr. Not luxury, but if youre fine with rural to semi rural, you can do well on interest alone.

      • Gaspar@lemmy.dbzer0.com
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        1 year ago

        Last time I looked into it, it was closer to 4 million to “never work again” if you were in your mid-30s. Nowadays, even that figure is probably not enough. Your point still stands, however.

        • El Barto@lemmy.world
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          1 year ago

          Let’s run an experiment. Someone give me 1 million dollars, post-taxes, and I’ll try my best to never work again. Any takers?