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[–] 11 points 8 months ago (7 children)

This is not even close to being true. Elon Musk's net worth is $850 billion. In order for that to be 1 in 200 of all wealth in the US, it would mean US wealth would have to be $170 trillion. For comparison, the World Bank estimates the entire world's GDP in 2024 to be $111 trillion.

He, in fact, owns a much larger share than 1 in 200. Though it's also obvious to anyone watching that most of this money is fake and comes from the fact that he holds a lot of assets which have extremely inflated valuations (i.e. are a bubble with no underlying economic justification).

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  • [–] 8 points 8 months ago (3 children)

    Total US wealth seems to be $150-160 trillion, so it checks out?

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  • [–] 2 points 8 months ago (2 children)
  • [–] 3 points 8 months ago* (1 child)

    How about you give whatever number you think is the accurate one first?

    GDP isn't directly related to wealth, so it's not relevant. GDP is measured per-year - our wealth doesn't reset to 0 at the start of a new year.

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