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Author Topic: Elon musk now the richest man in earth  (Read 843 times)
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October 26, 2021, 03:34:22 AM
 #101

I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.

I don't know if Buffet takes advice from anyone. He is someone who gives the advice. And as far as I know, he still refuses to endorse cryptocurrency. He is in his 90s and is unable to understand the technology related to cryptocurrency. Anyway, at this age, he will be more concerned about the preservation of his wealth rather than increasing it. And for doing that, he needs a stable fiat economy. Alternatives such as cryptocurrency pose a danger for that status quo. Anyway, his time is over. He made his profits during the last century and he should be proud of that. If he was making the investments now, then I am sure that he won't be as successful as he was earlier.

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October 26, 2021, 09:10:05 AM
 #102

~
I am pretty sure if you checked how much money Elon or Jeff has, in cash, literally cash in bank, it is probably not even 1 billion dollars combined. So, what do we do? One guy is told to be worth 230+ billion dollars, and same nation has MILLIONS homeless and starving, we should find a way to prevent something like this happening, but I am not smart enough to find a solution for it neither.

You made me wondering if that's true, because, for some reason, I've never thought of how much cash those guys have in their possession, while I think it's important. So I googled it, and here's what I found

on Jeff Bezos:

According to Bloomberg, Bezos’s net worth comprises $1.34 billion in cash, $9.15 billion in private assets, and $171 billion in public assets.

on Elon Musk:


So, even though he probably has less than $1 million in idle cash, he can purchase a $75 Million house in Bel Air at the drop of a hat.


So, the two are very different in this regard, as we can see. Some people even claim that Musk has no cash on hand at all, but, honestly, it's hard to believe that.

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October 27, 2021, 12:51:30 AM
 #103

I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.

I don't know if Buffet takes advice from anyone. He is someone who gives the advice. And as far as I know, he still refuses to endorse cryptocurrency. He is in his 90s and is unable to understand the technology related to cryptocurrency. Anyway, at this age, he will be more concerned about the preservation of his wealth rather than increasing it. And for doing that, he needs a stable fiat economy. Alternatives such as cryptocurrency pose a danger for that status quo. Anyway, his time is over. He made his profits during the last century and he should be proud of that. If he was making the investments now, then I am sure that he won't be as successful as he was earlier.
We do not know his mind, but if someone has more wealth than the other, he will want to get more because that is human nature. We do not want others can have wealth like us, even closer to us so we will try to increase the wealth in many ways. Yes, he is in the 90s, but that does not stop him from having a passion for getting more money. Maybe he does not understand but he has an advisor's finance who will advise the opportunity in crypto and he did that without us knowing. We admit that he made his profits during the last century but that does not mean he will not explore a new thing that he can give to his descendants.

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October 27, 2021, 09:55:38 AM
 #104

I am far from being a fan of Elon "the man". I am however very impressed with the trajectory of this guy, who undeniably had the benefit of an advance education and a well to do environment, but was able to take high stakes risks and led the project (e.g. Paypal) to fruition where many failed.

Tesla has many advantages over the competitors as of now, but no castle resists the passing of rain seasons and China may throw a lot of weight behind producing a good quality electric car.

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October 27, 2021, 12:53:06 PM
 #105

Quote
Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.





Can he sustain it for how long?

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin Roll Eyes So what do you think?
Yeah he can. Its because he expands his wealth by having multiple business and investments. Aside from selling cars or his tesla company, he still has SpaceX and boring company that is eagerly solving the gap between humanity and space travel that could lead to space tourism. He is a genius in his approach towards cryptocurrency somehow. His tweets is making him more rich than any of us.
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October 27, 2021, 01:26:18 PM
 #106

This is a big achievement, after getting into cryptocurrencies Elon Musk's money and wealth has increased significantly and I'm sure this will make other millionaires into cryptocurrencies, and from many sources many millionaires invest into Shiba Inu so this coin continues to shine despite the current market. red.

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October 27, 2021, 03:15:56 PM
 #107

Proof that cryptocurrencies can make people rich in a short time, I'm sure if Elon musk doesn't invest in cryptocurrencies then it will be difficult for him to become the richest person in the world, and this is hope for us to dare to make the decision to invest in cryptocurrencies.

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October 27, 2021, 04:01:57 PM
 #108

I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.

I don't know if Buffet takes advice from anyone. He is someone who gives the advice. And as far as I know, he still refuses to endorse cryptocurrency. He is in his 90s and is unable to understand the technology related to cryptocurrency. Anyway, at this age, he will be more concerned about the preservation of his wealth rather than increasing it. And for doing that, he needs a stable fiat economy. Alternatives such as cryptocurrency pose a danger for that status quo. Anyway, his time is over. He made his profits during the last century and he should be proud of that. If he was making the investments now, then I am sure that he won't be as successful as he was earlier.
We do not know his mind, but if someone has more wealth than the other, he will want to get more because that is human nature. We do not want others can have wealth like us, even closer to us so we will try to increase the wealth in many ways. Yes, he is in the 90s, but that does not stop him from having a passion for getting more money. Maybe he does not understand but he has an advisor's finance who will advise the opportunity in crypto and he did that without us knowing. We admit that he made his profits during the last century but that does not mean he will not explore a new thing that he can give to his descendants.
Buffet is old but his brain is not old and smart people like him can easily understand Bitcoin and choose not to endorse or make an announcement about it cause it may influence the decision of people that sees him as god just like we see Elon Musk doing through his tweet. However, if he makes an announcement about people that invested in his company may choose Bitcoin over it. Therefore, he believes he invested secretly in Bitcoin.
Having said that, I don't know where the OP gets the information about Elon to be the world richest man in the world but according to Forbes Jeff Bezos is still the richest man alive.

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October 27, 2021, 05:15:53 PM
 #109

Proof that cryptocurrencies can make people rich in a short time, I'm sure if Elon musk doesn't invest in cryptocurrencies then it will be difficult for him to become the richest person in the world, and this is hope for us to dare to make the decision to invest in cryptocurrencies.
You need to know that before Elon Musk decided to invest in bitcoin and adopt it as a means of payment to Tesla, he was already among the richest people in the world even though the order was still at the bottom. He is taking a step forward with bitcoin and investing and constantly creating hype with his tweet. His success to become the richest man not only he has the courage, but he also has a large capital and knows when to buy in large quantities.

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October 27, 2021, 06:08:57 PM
 #110


I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.
I don't want to speculate much about this considering that until now, especially in the media, he still strongly rejects everything related to bitcoin.
but it does not rule out the possibility that this can be justified because we do not know for sure about it because the one who knows it is of course he himself.
but what is certain is that everyone has secrets and buffet must have them regardless of whether he has or not I think what he said about bitcoin and crypto could be a spice to make something.

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October 27, 2021, 06:51:36 PM
 #111


I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.
I don't want to speculate much about this considering that until now, especially in the media, he still strongly rejects everything related to bitcoin.
but it does not rule out the possibility that this can be justified because we do not know for sure about it because the one who knows it is of course he himself.
but what is certain is that everyone has secrets and buffet must have them regardless of whether he has or not I think what he said about bitcoin and crypto could be a spice to make something.
When it comes to those people who are mostly heavily centralized or banksters in short then i dont really mind much on listening out on what are those
words coming from their mouth.

Yes, their words might be significant but it wont really be a precise thing for you to rely on and making it as a basis towards your investment.
It doesnt matter on whose the richest or what because it wont really be basing off with the ranking.

It is mostly mattering on how someone been diving in and gets involved in the market and the steps that they are making.
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October 27, 2021, 07:10:24 PM
 #112

He will sustain or will try to sustain it or even have his own new target more than what he has achieved now. Yes, his Telsa has proven to be the best and safe ones assuring a huge value to its customers and this has brought him to this level. I am sure as the time goes by, he will assure everyone of his consistency in providing the the best to his customers in turn his stock value would lift him up to the level 1 of being the top richest person in the world.

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October 27, 2021, 10:01:31 PM
 #113

Quote
Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.

Can he sustain it for how long?

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin Roll Eyes So what do you think?
Do you think Musk cares about something like this? I mean if I had so much money I will care about my own goals and how to reach them and not about whether or not I happen to have more money than another billionaire, but what do I know? I am not a billionaire and I do not understand how their minds work, so maybe Musk does indeed cares about something like this, in which case I think it is possible he will retain that position for a long time.

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October 27, 2021, 10:40:42 PM
 #114

he still strongly rejects everything related to bitcoin.
No mate. He doesn't reject bitcoin anymore, there's a new tweet from him that he said he only owns bitcoin, ethereum, and dogecoin. And that's why those that don't like him because he keeps on saying rejection about bitcoin before, started to like him back.
We don't know how long he's going to tell that again and maybe in the nearest future, there's going to be a change of heart again from him and would bash bitcoin once again.

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October 27, 2021, 10:59:19 PM
 #115

he still strongly rejects everything related to bitcoin.
No mate. He doesn't reject bitcoin anymore, there's a new tweet from him that he said he only owns bitcoin, ethereum, and dogecoin. And that's why those that don't like him because he keeps on saying rejection about bitcoin before, started to like him back.
We don't know how long he's going to tell that again and maybe in the nearest future, there's going to be a change of heart again from him and would bash bitcoin once again.
As a billionaire then it wont really be that giving out some good feels when a huge community would really be having a bad impression to you because you do have negative views and impression towards bitcoin where the community will normally react and hate all things that do hate bitcoin itself.
If he owned bitcoin then that will really changed up things and people who hate him would like him back. On this community it doesnt really matter
if  you are a billionaire or average joe because we do all believe on the same thing.

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October 27, 2021, 11:24:22 PM
 #116

he still strongly rejects everything related to bitcoin.
No mate. He doesn't reject bitcoin anymore, there's a new tweet from him that he said he only owns bitcoin, ethereum, and dogecoin. And that's why those that don't like him because he keeps on saying rejection about bitcoin before, started to like him back.
We don't know how long he's going to tell that again and maybe in the nearest future, there's going to be a change of heart again from him and would bash bitcoin once again.
As a billionaire then it wont really be that giving out some good feels when a huge community would really be having a bad impression to you because you do have negative views and impression towards bitcoin where the community will normally react and hate all things that do hate bitcoin itself.
If he owned bitcoin then that will really changed up things and people who hate him would like him back. On this community it doesnt really matter
if  you are a billionaire or average joe because we do all believe on the same thing.
It does. Remember the time when Tesla has announced its ownership and bought bitcoin? the market has changed a lot. And when the time that Elon speaks against bitcoin about renewable energy for mining then that also changed a lot to the market.
This time, as he admit that he owns bitcoin there's not that much change and all the attention goes to the other meme coin that he likes although admitted that he don't own any, shiba.

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October 28, 2021, 03:00:58 AM
 #117

I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.

I don't know if Buffet takes advice from anyone. He is someone who gives the advice. And as far as I know, he still refuses to endorse cryptocurrency. He is in his 90s and is unable to understand the technology related to cryptocurrency. Anyway, at this age, he will be more concerned about the preservation of his wealth rather than increasing it. And for doing that, he needs a stable fiat economy. Alternatives such as cryptocurrency pose a danger for that status quo. Anyway, his time is over. He made his profits during the last century and he should be proud of that. If he was making the investments now, then I am sure that he won't be as successful as he was earlier.
We do not know his mind, but if someone has more wealth than the other, he will want to get more because that is human nature. We do not want others can have wealth like us, even closer to us so we will try to increase the wealth in many ways. Yes, he is in the 90s, but that does not stop him from having a passion for getting more money. Maybe he does not understand but he has an advisor's finance who will advise the opportunity in crypto and he did that without us knowing. We admit that he made his profits during the last century but that does not mean he will not explore a new thing that he can give to his descendants.
Buffet is old but his brain is not old and smart people like him can easily understand Bitcoin and choose not to endorse or make an announcement about it cause it may influence the decision of people that sees him as god just like we see Elon Musk doing through his tweet. However, if he makes an announcement about people that invested in his company may choose Bitcoin over it. Therefore, he believes he invested secretly in Bitcoin.
Having said that, I don't know where the OP gets the information about Elon to be the world richest man in the world but according to Forbes Jeff Bezos is still the richest man alive.

Yes, it is better to invest secretly without anyone knowing than to announce to the public. It will make him get asked by the media and the media can easily compare with Elon or other richest people who already invest in bitcoin. Besides that, if Buffett announced that he has bitcoin, that can attract the government's attention or the authority to know more about how many bitcoins he had.

Forbes says Jeff Bezos is the richest man based on the fiat that he has and not bitcoin but maybe Elon has many bitcoin but if he does not sell his bitcoin, then it will not be the same if someone has much money like Jeff Bezos.


I doubt if Buffet misses the opportunity to make more money from crypto because, as an entrepreneur and one of the richest people, he will get advice from people around him about crypto and invest in crypto secretly. Maybe Elon can be one richest people in crypto but who knows, the title will change in the next year as with growing of the crypto, that will attract more richest people to invest in crypto. They do not want to be late to decide to invest in crypto, especially they already saw what happened to many people who already invest in crypto.
I don't want to speculate much about this considering that until now, especially in the media, he still strongly rejects everything related to bitcoin.
but it does not rule out the possibility that this can be justified because we do not know for sure about it because the one who knows it is of course he himself.
but what is certain is that everyone has secrets and buffet must have them regardless of whether he has or not I think what he said about bitcoin and crypto could be a spice to make something.
We should let it be like that as Buffet does not tell about his interest in bitcoin and we only knew that Elon has bitcoin. Yes, everyone will have their secret that they do not want to tell the public, and that is their privacy. Sometimes, the media does not tell the truth because the media want to search for the publicity of the news to modify the real story just to get more attention from the public.

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October 28, 2021, 06:12:26 AM
 #118

I think Elon Musk is the richest man in the world because the market favors potential growth over realistic earnings.
In my opinion Tesla is not nearly as profitable as wall street predicts because nearly every other major car company is going electric in the coming years.
However, you have to give credit where credit is due, Tesla really was first to market with electric cars for the masses. 

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October 28, 2021, 07:00:59 AM
 #119

Well, no one knows for sure. But he is a businessman, an investor and an influencer who can hype a specific coin just by saying a word. He can sustain to be on the top if everything goes well with his business and investments.

But nothing is permanent thus we cant really say what lies ahead. Plus I dont think we should mind this thing because its not our problem and even he was replaced as the top 1 billionaire in the world, still, he remain rich and thats undeniable.

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October 28, 2021, 07:05:40 AM
 #120

he still strongly rejects everything related to bitcoin.
No mate. He doesn't reject bitcoin anymore, there's a new tweet from him that he said he only owns bitcoin, ethereum, and dogecoin. And that's why those that don't like him because he keeps on saying rejection about bitcoin before, started to like him back.
We don't know how long he's going to tell that again and maybe in the nearest future, there's going to be a change of heart again from him and would bash bitcoin once again.
As a billionaire then it wont really be that giving out some good feels when a huge community would really be having a bad impression to you because you do have negative views and impression towards bitcoin where the community will normally react and hate all things that do hate bitcoin itself.
If he owned bitcoin then that will really changed up things and people who hate him would like him back. On this community it doesnt really matter
if  you are a billionaire or average joe because we do all believe on the same thing.
It does. Remember the time when Tesla has announced its ownership and bought bitcoin? the market has changed a lot. And when the time that Elon speaks against bitcoin about renewable energy for mining then that also changed a lot to the market.
This time, as he admit that he owns bitcoin there's not that much change and all the attention goes to the other meme coin that he likes although admitted that he don't own any, shiba.

Isn't it true that he also hyped the Doge? I believe that when the biggest influencers or those powerful people say or post something on social media about something, people are compelled to learn about it. For example, when he mentioned bitcoin, most people became curious and began to research it, and the price skyrocketed as a result of so many people buying it. If someone like Elon Musk speaks about bitcoin or other crypto currencies, this is most likely to happen.
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