News JVTech Elon Musk is the poorest man in the world!
Published on 27/12/2022 at 20:50
Rightly or wrongly, Elon Musk is often described as the most powerful and richest man in the world. However, if we analyze the figures in another way and take a closer look, Elon Musk would actually be the most… poorest man in the world!
Who from Elon Musk or Bernard Arnault is the richest man in the world in 2022?
With a fortune estimated at $146.5 billion (137.8 billion euros) and despite record losses in 2022, Elon Musk remains one of the richest men in the world, second only to Frenchman Bernard Arnault (CEO of the luxury group LVMH) whose fortune is today estimated at $176.6 billion (166.1 billion euros) according to the American business magazine Forbes.
The Casa Degli Atellani, Bernard Arnault’s new home
To celebrate this well-deserved (or not) first place, the boss of Louis Vuitton also offered himself a few days ago the Casa Degli Atellani located in Milan, Italy, a villa well known for having belonged to… Leonardo da Vinci, sorry. What are the little privileges of billionaires, far from the way of life of the whimsical Elon Musk who declared a few months ago that he had sold all his properties and slept in a “Tiny House” (a small foldable or transportable house) of a value of… $50,000.
Decided to sell my last remaining house. Just needs to go to a large family who will live there. It’s a special place.
— Elon Musk (@elonmusk) June 14, 2021
Rest assured, if Elon Musk does not like owning, he still sold his last house last year for the modest sum of 37 million dollars, a trifle given his total fortune. But today, we are interested in a video made by the Youtube channel of Science Trash which shows us, in a rather relentless way, that in reality Elon Musk would be the most… poorest man in the world!
Why is Elon Musk actually the poorest man in the world?
At the time the video was released (September 30, 2022), Elon Musk had not yet bought Twitter and all the lights were green for the boss of Tesla and SpaceX with a fortune then estimated at… 288 billion dollars ! Between the 44 billion dollars spent to buy Twitter and the stock market losses of its other companies, the fortune of the most whimsical of billionaires has practically halved.
Anyway, Elon Musk, remains rich, very rich, except that we never speak of salary or money, but of “estimated fortune”. And that is the whole difference. Basically, if Elon Musk sold all his shares and all his companies today, then yes, he would have the equivalent of about 140 billion euros in his bank account, except that all that is wind, flan, or call it what you want.
Because in reality, as the video just above explains very well, Elon Musk’s bank accounts are all in the red and his debt is estimated at over $548 million, even though he had not yet paid a single dollar for Twitter. But thanks to all his companies, most of which are listed on the stock market, his fortune fluctuates every day by several millions or even billions, like this famous October 25, 2021 when he won… 36 billion dollars in a single day, a world record never equaled yet. !
To go even further, you should know that Elon Musk does not pay himself any salary and that he therefore “only” receives the bonuses paid to him by his companies each year, such as this mega-bonus of 56 billion dollars that should pay him Tesla over 10 years, enough to bail out his bank accounts…