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Topic	The top 10 wealthiest people in the world today
Squall28 08/14/22 9:48:29 AM #45:	pinky0926 posted... I'm ignorant of things but I don't understand why elon is so fucking rich. Like, people aren't buying that many teslas, his space program is surely costing money and not making it. How It's from the valuation of his stock, not profits from his company. Imagine if you come across a space diamond everyone wanted, and then you hold an auction for it. The bid goes up to $200 billion. The valuation for Tesla is also insane. "Investors" are valuating it to be worth more than the other major car companies combined. The speculation around the stock is unbelievable. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:967299613] in The top 10... [t:80129297]...</cite> <quote>pinky0926 posted... </cite><quote>I'm ignorant of things but I don't understand why elon is so fucking rich. Like, people aren't buying that many teslas, his space program is surely costing money and not making it. How</quote>It's from the valuation of his stock, not profits from his company. Imagine if you come across a space diamond everyone wanted, and then you hold an auction for it. The bid goes up to $200 billion.The valuation for Tesla is also insane. "Investors" are valuating it to be worth more than the other major car companies combined. The speculation around the stock is unbelievable. --- You can't go back and change the beginning, but you can start where you are and change the ending.-Misattributed to CS Lewis</quote> ... Copied to Clipboard!
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