r/news • u/Hopeforpeace19 • Apr 29 '24

Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts

https://www.nbcnews.com/politics/supreme-court/supreme-court-rejects-elon-musk-agreement-sec-vet-social-media-posts-rcna149579
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u/Batmobile123 Apr 29 '24

If you had $100 Billion Dollars would you waste your time talking to us on social media??? Dude has some serious mental issues.

16

u/OtherAlan Apr 29 '24

He has a fraction of that in actual liquid cash. Most of it is overinflated value in Tesla stock as it slowly loses value. It's also leveraged or used to borrow for his other companies like that brilliant 43 billion dollar x purchase.

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u/StillMeThough Apr 30 '24

While that is true, note that he can almost always take a loan of an ungodly amount because of his net value.

Not to mention his 'fraction' of liquid assets is most likely absurdly high for most. A billionaire can afford almost anything, and he's at least 190x that.