this post was submitted on 13 Nov 2024
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And if you include the $56 billion or so that he managed to convince Tesla shareholders to give him, it completely offsets the $44 billion he paid for Twitter, getting him ahead by "only" $12 billion dollars.
I can't imagine failing so hard with the Twitter purchase and still coming out ahead somehow, with that much.
When you enter the stratum of society that Musk is part of, you literally can't fail. There's a reason we keep talking about certain people continually "failing upwards". Once you hit a billion, you've won capitalism and the only way to lose it is to go straight against the people in power (see China) or be an incredibly dumbfuck the likes of which is rarely seen (see Kanye). It's literally impossible to lose at that point; you have so much money that simply having it generates more than what could be earned by working in any field, anywhere, globe-wide.
Billionaires should not exist at all, but that's another discussion.
I can't conceive of what I could do with "only" $12 billion from that sequence of events alone, and I'd be lucky to even hit $1 million (wages and retirement) total while alive over an entire lifetime of work.