Technology

From January

Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person, according to Guinness World Records. Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report.

From September

Since Musk and partners paid $44 billion including debt, he's implying that the platform would now change hands for $4 billion (the $44 billion purchase price minus the $40 billion in "value destruction"), for a drop of 90%. In effect, he's saying that the $31 billion he and his partners invested in equity is totally gone, and a big portion of the debt from provided by the cream of Wall Street sits far underwater.

you might get the number 1 spot by lying to people about your success or lying to customers, it you think buying something that's worth much less than what you paid is being good with money, then sure he deserves number 1, but maybe he's just lucky that his father had money and he seems to be just an idiot

When you inherit a ton of money and invest it in every stupid idea you have...

With enough time and money eventually you'll stumble into something successful by pure chance. That doesn't mean you're good with money, just that you got lucky.

You don't hear about the people who inherited daddies money and proceeded to slowly go broke with no successes to speak of.

The evidence of Elon's poor business decisions speaks volumes towards "being wealthy doesn't mean you're smart, it just means you got lucky."