r/dankmemes • u/EnkelALB • Jan 08 '21

I am probably an intellectual or something Oh No! Anyway.

97.6k Upvotes

94% Upvoted

828 comments sorted by

View all comments

Show parent comments

85

u/Junior_Arino Jan 08 '21

Well... In net worth. He's heavily invested in tesla and the stock has been on a crazy run lately.

126

u/someguy50 Jan 08 '21 edited Jan 08 '21

All billionaires are billionaires in “net worth,” the vast majority of which is made of stocks

15

u/Thue Jan 08 '21

But Tesla's stock seems vastly inflated. It seems unlikely that Musk could sell it off without causing a crash in valuation. Hence Musk's net worth seems to be only "on paper" to an unusual degree.

Plenty of billionaires have diversified holdings, which they could liquidate without major problems.

1

u/Amj161 Jan 08 '21

Tesla did just sell five billion dollars worth of stock a month or two ago and that only made their stock price go up. I agree it's stupid but I thought like you that their stock would crash from that, but I was completely wrong.