News JVTech Elon Musk is the poorest man in the world!
Rightly or wrongly, Elon Musk is often described as the most powerful and richest man in the world. But if we analyze the numbers 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 dollars (137.8 billion euros) and despite record losses in 2022, Elon Musk remains one of the richest men in the world, second only to the Frenchman Bernard Arnault (CEO of the luxury group LVMH), whose fortune today is estimated at 176.6 billion dollars (166.1 billion euros) according to the American business magazine Forbes.
To celebrate this well-deserved (or not) first place, the boss of Louis Vuitton offered himself a few days ago
Casa Degli Atellani located in Milan, Italy, a villa known to have belonged to… Leonardo da Vinci, Pardon. What are the small privileges of billionaires, far from the lifestyle 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) in a value of… $50,000.
Decided to sell my last remaining house. Just going for a big family to live there. It is a special place.
— Elon Musk (@elonmusk) 14 June 2021
Rest assured, if Elon Musk doesn’t like owning, he still sold his last house last year for the modest sum of $37 million, a pittance considering his total wealth. But today we are interested in a video made by the Youtube channel of
which shows us, in a rather unforgiving way, that Elon Musk would in fact be the most…poorest man in the world!
Why is Elon Musk really 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 head of Tesla and SpaceX with a fortune then estimated at… $288 billion! Between the $44 billion spent to buy Twitter and the stock market losses of its other companies, the fortunes of the most whimsical billionaires have practically halved.
Anyway, Elon Musk remains rich, very rich, except we never talk about salary or money, but about “estimated wealth”. And that’s the whole difference. Basically, if Elon Musk sold all his stocks 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 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 hadn’t yet paid a single dollar for Twitter. But thanks to all his companies, most of which are listed on the stock exchange, 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 has never been equaled yet. !
To go even further, you should know that Elon Musk does not pay himself any salary and therefore “only” receives the bonuses that his companies pay him every year, such as this mega bonus of 56 billion dollars, who had to pay him. Tesla over 10 years, enough to save his bank account…