Elon Musk has lost a bigger fortune than anyone in history
The CEO of Tesla (TSLA), SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place on the list of the world’s richest behind LVMH (LVMHF) Chairman Bernard Arnault. But at its peak in November 2021, Musk’s net worth was $340 billion.
That makes Musk the first person ever to lose $200 billion in wealth.
The ungodly amounts of money that some people are worth are too much to even fathom. The amount they are worth equates to be more valuable than some county’s entire bank accounts.
At the present time, Arnault topped Musk as the wealthiest person on the planet, is worth 179.2 billion, plus or minus a few billion. But who is counting?
| 1 | Bernard Arnault & family | $182.4 B | ▶ $3.2 B | 1.78% | 73 | LVMH | France | |
| 2 | Elon Musk | $146.5 B | ▶ $0M | 0.00% | 51 | Tesla, SpaceX | United States | |
| 3 | Gautam Adani | $126.1 B | ▶ $1.7 B | -1.36% | 60 | infrastructure, commodities | India | |
| 4 | Warren Buffett | $107.6 B | ▶ $0.01M | 0.00% | 92 | Berkshire Hathaway | United States | |
| 5 | Jeff Bezos | $107.3 B | $0 | 58 | Amazon | United States | |
| 6 | Bill Gates | $103.3 B | ▶ $0.34M | 0.00% | 67 | Microsoft | United States | |
| 7 | Larry Ellison | $102.4 B | ▶ $0M | 0.00% | 78 | Oracle | United States | |
| 8 | Mukesh Ambani | $90.6 B | ▶ $927 M | 1.03% | 65 | diversified | India | |
| 9 | Carlos Slim Helu & family | $81.3 B | ▶ $61 M | 0.08% | 82 | telecom | Mexico | |
| 10 | Steve Ballmer | $78.5 B | ▶ $0M | 0.00% |
If these billionaires would donate only 10% of their wealth, they could wipe out poverty on the entire planet.
It is almost a sacrilege what these guys are worth. I would much rather see them use their wealth to help humanity instead of playing King of the Mountain or I Can Top You. Can we even imagine what a few billion dollars would do to help some of these destitute people around the globe?
If these pictures are not heart-wrenching, I don’t know what is.
| Year | Number of people living on less than $5.50 per day, globally (millions) | Number of people living on less than $3.20 per day, globally (millions) |
|---|---|---|
| 2018 | 3,257,112,023 | 1,801,445,823 |
| 2019 | 3,252,121,683 | 1,789,701,728 |
| 2020 | 3,358,171,786 | 1,883,766,668 |
I absolutely do not deny anyone becoming as wealthy as they possibly can become; as long as they are generous enough to spread their wealth to the less fortunate.
I do understand the complexity and the difficulty of making sure that funds donated get to the proper source. In many, if not most cases, much of the donated money and supplies never reach their intended recipients. It is stolen by the heads of state and used for their own personal interests. So I do understand the reluctance of some people hesitant to donate.
It is absolutely disgraceful that all parties involved cannot come together and reach an amicable solution to help erase poverty in this world. I know it is mission impossible, but they should at least put forth their best effort.
HAITI NATIONAL PALACE
A SHORT DISTANCE AWAY
How could any person that is supposed to be the leader (father) or the head of a country live in opulence while their people are living in squalor?? It is an absolute sacrilege.
I’ve come to realize quite some time ago that there really is no solution to the graft, theft, dishonesty and corruption in this world. It seems to me that evil has one has won out over good. SHAME on the culprits.
Can we even begin to imagine what the 200 billion that Musk lost could do for the betterment of the world?? It is mind-boggling. REALLY; how much does a person need before enough is enough?? Power and ego can be a real BITCH.
The Goomba Gazette 