Elon Musk loses his status as the only person worth over $200 billion

midian182

Posts: 7,902   +82
Staff member
What just happened? Elon Musk might still be the world’s richest individual, but there’s one title he’s just lost: the Tesla boss is no longer the only person with a fortune over $200 billion. Musk is still worth around $199 billion, which is impressive for someone whose value dropped $140 billion in just four months.

At the start of the week, Musk had been the only person on Bloomberg’s billionaire index whose wealth exceeded $200 billion. But the global decline in stock markets prompted by the Russia/Ukraine crisis has seen Tesla shares fall for four days in a row, pushing his fortune down to $199 billion.

It means Musk has seen his fortune drop by $71.7 billion this year, more than the next three wealthiest people combined, writes Bloomberg. But that’s a paltry sum if you compare it to his wealth on November 4, the day Tesla shares reached a record high. Musk was worth $340.4 billion at that point, or $140 billion more than he’s worth today. The share price quickly fell a few days later when the CEO asked his Twitter followers if he should sell a 10% stake in Tesla; they approved, though most people think he would have sold them regardless of the outcome. It led to his net worth plummeting by $35 billion.

Musk, who has long faced criticism for not paying his fair share of taxes, said in December that he would pay over $11 billion in taxes this year, more than any American in history.

The only other person whose wealth has exceeded the $200 billion mark is Jeff Bezos. He passed that point last April, and his fortune stayed around the same level for most of the year, but it dropped below the milestone in December and has not been back above it since. He is currently the world’s second-richest person with a $169 billion fortune.

Musk has made headlines several times in the last couple of weeks. He compared Canadian prime minister Justin Trudeau to Adolf Hitler, and revealed that Tesla is working to bring Steam games to its vehicles.

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Squid Surprise

Posts: 5,335   +4,980
Why would you want to invade a state as broken as California? There is a reason everyone is leaving that turd state.
Well, apparently you are immune to sarcasm... but for the sake of argument (and cause I'm pretty bored at work right now)...

California's population GREW by just under 6% over the past 10 years - about 2.4 million people...

And its GDP is about 3 TRILLION - the largest of any of the 50 states... maybe that's why someone would want to invade it?
 

Plutoisaplanet

Posts: 695   +1,091
Well, apparently you are immune to sarcasm... but for the sake of argument (and cause I'm pretty bored at work right now)...

California's population GREW by just under 6% over the past 10 years - about 2.4 million people...

And its GDP is about 3 TRILLION - the largest of any of the 50 states... maybe that's why someone would want to invade it?
For the sake of having fun, I too will respond to your post. If Musk was going to invade California, he would probably attempt to do it with robots but also be five years behind schedule of his public declaration of invasion while figuring out how to train the software running the robots. Also, the real reason he'd invade it would be for the memes.

Population-wise California's share shrunk compared to the US at large, which is why they lost a seat in congress after the census. And while California's population showed net population increase over ten years, it also shows that there is [a="[URL]https://www.latimes.com/california/story/2021-12-15/california-exodus-pandemic[/URL]"]net population over the last two years[/a]. People have also been increasingly emigrating out of California I believe a primary reason is due to expensive home prices and significantly more work-at-home acceptance for out of state hires. Overall, a 6% increase is also a record low for California and the first time there was a single digit percent increase. Excluding the first and last censuses, California's historical 10 year population growth averages at 37%, a rate not achieved in over 50 years.
 

scavengerspc

Posts: 2,592   +2,808
TechSpot Elite
California's population GREW by just under 6% over the past 10 years - about 2.4 million people...
Still. I myself hope that migration to the southern states continues. The top states in population growth down here (I'm in Little Rock) are also the same states that have turned more and more blue in the last decade. All these years of artificially making themselves feel good about their growth, and they never caught on to the fact that moving DOES NOT change ones politics.

Some states like Texas even tried to blame their blue transition on foreign immigration. It has been a comical thing to watch, and I would hate to lose that!
 

Avro Arrow

Posts: 2,373   +2,885
TechSpot Elite
Still. I myself hope that migration to the southern states continues. The top states in population growth down here (I'm in Little Rock) are also the same states that have turned more and more blue in the last decade. All these years of artificially making themselves feel good about their growth, and they never caught on to the fact that moving DOES NOT change ones politics.

Some states like Texas even tried to blame their blue transition on foreign immigration. It has been a comical thing to watch, and I would hate to lose that!
I got the perfect thing...

Two million people leave California because (let's face it) it's too expensive to live well there. They move to Wyoming and quicker than you can say "presto-change-o", the deep red state turns deep blue in a day. :laughing:
 

scavengerspc

Posts: 2,592   +2,808
TechSpot Elite
I got the perfect thing...

Two million people leave California because (let's face it) it's too expensive to live well there. They move to Wyoming and quicker than you can say "presto-change-o", the deep red state turns deep blue in a day. :laughing:
Perfecto! But we don't really need that many because tRUMP only won Wyoming by like 100,000 votes, so we could spread them out to other budding US dictatorships! :D

We could do this by next Tuesday!
 

AlaskaGuy

Posts: 358   +272
Well, apparently you are immune to sarcasm... but for the sake of argument (and cause I'm pretty bored at work right now)...

California's population GREW by just under 6% over the past 10 years - about 2.4 million people...

And its GDP is about 3 TRILLION - the largest of any of the 50 states... maybe that's why someone would want to invade it?
India has a large GDP also but I wouldn't want to live there.
 

psycros

Posts: 4,155   +5,798
True about India's GDP, but it is still slightly behind California's and with a population that is 35 times that of California, I'm sure the comparison is invalid.

Also, do you really think nobody wants to live in California?

People want to live in CA but not if it means enduring the mistakes of communist lunatics. Therefore other states should be extremely wary of immigrants from the Left Coast - some of these people are stupid enough to keep on voting for the very thing they ran from.
 

dirtyferret

Posts: 761   +1,021
For the sake of having fun, I too will respond to your post. If Musk was going to invade California, he would probably attempt to do it with robots
yeah but half of them would break down on the side of the highway and the other half would be stuck in I-5 traffic until their batteries drained.


Still. I myself hope that migration to the southern states continues. The top states in population growth down here (I'm in Little Rock) are also the same states that have turned more and more blue in the last decade.
I lived down south for a while. While there are many fine people down south, I would not raise my family (and I don't) down there. The cities for the most part are fine but once you leave them...
 

scavengerspc

Posts: 2,592   +2,808
TechSpot Elite
Yet Californians are migrating to Texas in droves.
Yeah, see, Californians that leave are mostly going to Arizona.
It's the north easterners that move to Georgia and Texas for the climate.
They used to go to Florida, but there are people in all 49 states that don't want anything to do with that, it seems.

There is no way to ask this without sounding like a ****, so I will just ask, where do you get all this wisdom you have been posting?
 
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scavengerspc

Posts: 2,592   +2,808
TechSpot Elite
People want to live in CA but not if it means enduring the mistakes of communist lunatics.
You don't seem to have a handle on what Communism really is.
Last I have seen easily 90% of the things there that tweak you righties
were voted on or for by Californians themselves.

I think when you folks start throwing commies and socialists comments around, you don't realize that we already know what you mean is

I-think-youre-doing-it-wrong-thats-wrong.gif
 
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AlaskaGuy

Posts: 358   +272
The average IQ drops 40 points :D
How many people in the cities can take care of themselves such as grow food, hunt,fish, repair machinery, etc .. some of the most worthless people I've come across have lived in a city their entire life and would starve to death if they had to go it on their own.
 
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