Elon Musk. Net worth ~$248 billion.
Owns ~13% of Tesla, which is worth ~$768 billion. That's ~$99 billion in his net worth.
Owns ~48% of SpaceX, which is worth ~$150 billion. That's ~$72 billion in his net worth.
That means at least ~$171 billion of his net worth is in companies, which is ~69% of his wealth.
Bernard Arnault. Net worth ~$207 billion.
Owns ~41% of LVMH, which is worth ~$422 billion. That's ~$175 billion in his net worth.
That means at least ~85% of his wealth is in companies.
Jeff Bezos. Net worth ~$161 billion.
Owns ~10% of Amazon, which is worth ~$1430 billion. That's ~$143 billion in his net worth.
That means at least ~89% of his wealth is in companies.
Tesla probably has a lot more customers, and if memory serves, they also make money by deals with other car companies, where Tesla's lack of emissions offsets their excess of emissions for government regulations.
It's not though, right? Capital is stuff. Means of production. Land. Jet planes. Bridges. Sewing machines.
Money is just tokens that certain people are using to allocate actual capital amongst themselves.
Exactly. The three richest people in the world:
Elon Musk. Net worth ~$248 billion.
Owns ~13% of Tesla, which is worth ~$768 billion. That's ~$99 billion in his net worth.
Owns ~48% of SpaceX, which is worth ~$150 billion. That's ~$72 billion in his net worth.
That means at least ~$171 billion of his net worth is in companies, which is ~69% of his wealth.
Bernard Arnault. Net worth ~$207 billion.
Owns ~41% of LVMH, which is worth ~$422 billion. That's ~$175 billion in his net worth.
That means at least ~85% of his wealth is in companies.
Jeff Bezos. Net worth ~$161 billion.
Owns ~10% of Amazon, which is worth ~$1430 billion. That's ~$143 billion in his net worth.
That means at least ~89% of his wealth is in companies.
How is Tesla worth 5x SpaceX. That's just insane to me.
Tesla probably has a lot more customers, and if memory serves, they also make money by deals with other car companies, where Tesla's lack of emissions offsets their excess of emissions for government regulations.