ButtersTheCat
155172
2278
85
Keep losing money, Elon!
LOSE IT ALL!
https://www.huffpost.com/entry/elon-musk-loses-200-billion-dollars-net-worth-record-bloomberg_n_63b0984ae4b0d6f0b9f43ccd
ImNotActuallyEvilAfterAll
He didn't lose money, just the value of his possessions is changing. It's not like he had 200 billion in the bank and it disappeared.
flexstar
Shaodyn
He lost more money than even most of the 1% will ever have in their lives. All because he insisted on trying to run a company himself.
StopTheWorldIWannaGetOff
I think he'll be OK for food and a roof over his head, somehow he'll survive this 'massive' financial blow.
horseman05
iusedtodream
Yup, that's how villains laugh in cartoons.
hiromagic
Enjoy the ego ride.
tymonaSmasher
Ha ha get fucked dickhead
belovedlover
Maybe people finally understand that he merely has lost no cash. He still holds most of the TEsla shares he owned in 2021 peak networth.
ADegenFromUpcountry
I’ve got no doubts that Yilong Ma could do a better job than Elmo
HeroThatWasNeeded
Bastards like him need to lose more than just their billions.
bibendoom
But will he ever be remembered in the same breath as the Mona Lisa?
DangerBaer
Redyls
GimmeDaGorbage333
HOOMANGUY
#Wholesome
RyuRichmond
Historically the Richest man to ever exist was Mansa Musa; His empire was vast and most of his wealth was lost or hidden away 1/2
RyuRichmond
2/2 but his recorded wealth puts him at around 457Billion and that's his KNOWN treasures alone, this man created economies accidentally.
SwoopNasty
Cool, can I go to a doctor yet?
Myoron
Good. There's literally nothing a single person can do to make a billion by themselves, it's only gained by exploiting others.
sillyjeff
That he had $200B to lose is a problem though
Asadsadsadclown
He only “lost” a fraction of that. He devalued the companies he owns. No one gained from his fuckup. Only normal people losing their jobs.
MattJeffery
All his companies are massively overrated and overvalued. This is less of a loss and more of a reality check.
YoSamiteSam
He declares stock value as a loss, reports zero taxable income, amortizes the loss for the next few years of corporate looting.
YoSamiteSam
In short, it's a scam to dodge taxes.
upfr0mhere
Lawyers filing the Twitter wrongful termination claims gained
casbott
And there's talk that Tesla shareholders may sue him as his actions devalued their investments
Hurro
On what grounds? They should stick with their fearless leader through thick and thin. Fuckem.
RadonGaming
Then they should have internally dealt with that ahead of time and kicked him out or bought him out. Sucks for them.
fbutt09
All his moves are calculated, he was probably advised by his team of finance bods, accountants and lawyers. The rich always win.
jsexton
Calculated, yes, but boy is he bad at math.
alex5775
Oh yeah Mr. "I'll charge money for verification, that certainly doesn't defeat the purpose" is super calculated and not just an egomaniac.
QuitLookinAtMineAim
*musk loses 200B net worth* "Wow, what a genius, he must be playing 7D chess. I wish I was that smart. "
jmonster2020
HandoB4Javert
PrfctDrk
I glanced at your username and thought it said something like Handjob expert.....needless to say it's very early
HandoB4Javert
SirRichardOfHead
HenchMenInc
TacticoolWolf
in 2021 he peaked at 320bn He bought twitter for 40bn, lost 200bn, and now is worth 139bn for those keeping score.
Ratiofarming
Twitter is going to make him a millionnaire
Whatsname
Again: you LOSE money you actually have. Stocks are not money UNTIL you sell/buy them.
bingotown
Everyone thinks he lost $200B cash from a bank account or mattress or something.
mity0k23
So if he “lost” it, did anyone find it?
dghughes
Short sellers of Tesla stock made $12 billion last year (2022).
JollyJokzr
Yeah, I found a hundred billion on the street last night
tlamstrike
Were you walking through the streets of Venezuela?
mity0k23
Oh that’s mine. Give it back
writerbuddy
Imagine being a shareholder, planning your retirement in the Bahamas, lying on a beach, being served drinks by voluptuous women. Then this.
MarioBoon
Imsurprisedihaventchangedmyusernameyet
Then you deserve it for relying on the stock market for your retirement
[deleted]
[deleted]
ricpaul
Should I rely on my (Dutch) government that stole from my parents Civil Servant pension fund? The one that likely will likely cave in to >
ricpaul
the wishes of Europe and one way or another use the 1,5Trillion the Dutch saved to keep the EU coutries that saved NOTHING afloat? That one?
LiarLiarPantsUntier
My deepest wish is for all billionaires to become so poor that their only means for survival is good natured people.
TotallyNotTheNSAGuys
Something something Rorschach speech "No."
GuyPilot
My wish is simply for them to be taxed into becoming simple millionaires
SergeantExplosion
Mine is for them to get dusted and have their wealth redistributed into infrastructure for whatever country they're in
YouThinkThatsBad
When CEOs are disgraced into resigning/fired I want them to feel what it’s like when entry-level employees lose their jobs
reichstein
Or for them to just spontaneously catch on fire.
SeleneEvelyn
This post. Yes.
xkjagnz
So you choose death then?
Comet260
ABAB. And I mean ALL.
LiarLiarPantsUntier
Yes. All of them. No matter what.
TheGreyGryphon
Yes, even Gates, Buffett, etc.
FrolickingFrolicking
Buffet is a lying idiot. Survivorship bias = people think he’s a genius when he was just lucky, while other intelligent investors weren’t
SavageDrums
Oprah...
ballsoutflyer
And Chapelle
SavageDrums
There's no way he's worth a billion dollars...
AShartInTheWind
Buffett keeps trying to kill public transit projects, he's becoming exta bad.
GodAintReal
“This just in! The entire concept of money has been twisted in such a way that it’s simultaneously meaningless and the most important … “ 1
WeMistbornsNeedNotMakeSense
Schrodinger's money. We both worship and spit on it, depending on the current situation,
DropDrop
I was gonna say, when he loses it, where does it go? and if it's just lost value, then does it cause deflation in the market? People say
DropDrop
the government adding money to the economy causes inflations, so does the rich losing value cause deflation?
GodAintReal
- 2 “thing in our lives. Stories like these are just that - STORIES! They allow us to believe that a man even “has” “over 200…”
GodAintReal
3 -billion dollars in the first fucking place. Like that’s a thing you both can and should be able to do!”
GodAintReal
4 - You’ll never see that on the news, though. Meanwhile, our neighbors and family are suffering with unspoken and indescribable heartache
GodAintReal
5- including all kinds of illnesses and ailments. Threats of having no shelter. All these things leading to the same type of path: darkness.
GodAintReal
6- My nephew is six years old. He is a precious handful. I have little way to truly understand the world he’s growing up in. I am sorry tho.
RummageSaleBubbler
@BotDrawA Elon Musk in a clown outfit with face paint watching his pile of dollar bills go up in flames
BotDrawA
@RummageSaleBubbler Here's your (experimental extra) drawing of a "Elon Musk in a clown outfit with face
jursamaj
Well, you got Elon, clown, money, and flames in each pic. Sadly, the AI doesn't understand semantics at all. Very little money was burning.
MADchemEE
Agreed. Let's try... @BotDrawA sad Elon Musk in clown face paint, watching all his dollar bills on fire
BotDrawA
@MADchemEE Here's your drawing of a "sad Elon Musk in clown face paint, watching all his dollar bills on
BotDrawA
@MADchemEE Here's your (experimental extra) drawing of a "sad Elon Musk in clown face paint, watching all
TrueNorthernLights
I love how in the bottom right picture Elon is being set on fire by his money.
jursamaj
Don't we all…
BotDrawA
@RummageSaleBubbler Here's your drawing of a "Elon Musk in a clown outfit with face paint watching his pi
FishDimension
This is the best thing I've seen from this bot in quite a while!
Zoroasterisk
I wonder if its programming was altered to start hiding its shitty, shitty, hands behind stuff
RummageSaleBubbler
Well, that would be a consequence of adding a loss, for "incorrect finger count"; just hide em. https://en.wikipedia.org/wiki/Loss_function
iristhorne
@BotDrawA human hand with the correct number and placement of fingers
BotDrawA
@iristhorne Here's your (experimental extra) drawing of a "human hand with the correct number and placeme
iristhorne
You made me 8 drawings and only 1 was an acceptable hand. The only other close one had backwards fingernails which is absolutely no bueno.
BotDrawA
@iristhorne Here's your drawing of a "human hand with the correct number and placement of fingers"
AlwaysDownvoteDots
Well... That's haunting
FailureFactory
@iristhorne This is art. Like, not in the sense that the AI tried to make "art", but you as the artist giving it this request.
Spatulor
Fuckin'.....yikes.
brisca66
Believe it or not, he's still the second richest person on earth.
HoneyBadgersAreBadAsses
Lost 1st place, for our amusement
IsolatedAsshole
Billionaires shouldn't exist
TsubakiTragic
frightening... isn't it.
UnitConversionBotButTerrible
bardman135
Can we all agree that "not the richest person on earth" is an appropriate title for this reverse Gump.
ButtersTheCat
That is disgusting.
AgainstMethod
A lot of people lost a lot of fake wealth on the top 10 list.
jamiesmeatyskinsock
Overinflated opertunist.
Lividlion
Doesn't matter now, he will forever be the world's biggest loser.
Arenlor
I don't believe it, because it's wealth, and held mostly in stock. Make the stock worthless and eliminate his wealth.
n0d2ablindh0rs3
And yet still the biggest loser.
WeMistbornsNeedNotMakeSense
literally
n0d2ablindh0rs3
I meant more in the thin skinned, whiny, rules are for thee not for me, kind of way.
WeMistbornsNeedNotMakeSense
that too
fbutt09
1%-er
CyanideBreathMint
But not a .0001 %er
Marsmallowmancer
And I'm sure he considers that to be a problem that needs to be fixed...as if getting the SECOND RICHEST PERSON ALIVE is bad.
casbott
It's a massive hit to his ego, and try the Elon fanboys - I've shut a few down by referring to him as the World's 2nd richest …
Marsmallowmancer
that's the saddest part, that it actually fucking matters. Money is just a number to them. It's points in a game.
RyuRichmond
He's a spoiled little rich bitch, of course that's all he thinks about as the problem
WeMistbornsNeedNotMakeSense
Maybe he will do something even more stupid in 2023
samanthadlcruz
i'm guessing that he secretly bought southwest airlines in mid december...
TrueLegateDamar
Richest person now is the guy who owns Louis Vuitton
ivymantled69
DancingPanther
It's not just Louis Vuitton. Basically every single luxury clothing/beauty item is all one conglomerate
Badger96
How'd they manage that but Microsoft can't buy activision
AgainstMethod
The government toyed with the idea of fighting market power briefly and gave up.
Dirtyshubb
And that should help the average person realise how insanely rich these people are and that taxing them is not a bad thing and is needed
LetThemEatPie
Some tax loss harvesting and Elon may never pay taxes again
ElvisCatStello
This will make them back the rich more unfortunately I feel
3PiecesOfBread
It’s not the taxing part that’s bad. It’s the part after where the government wastes 90% of it
alex5775
Idk why you're getting downvoted for this. Have y'all looked at our military spending or all the money invested to make homeless people 1/
alex5775
Suffer more. While at the same time we're letting the healthcare industry be run privately instead of investing in that.
3PiecesOfBread
The downvotes have convinced me. It’s the taxing that’s bad.
AgainstMethod
If you look at the budget, most of it is reasonably well spent. Medicaid, social security, means-tested transfers, etc.
Infinias
In the US? The military budget may point to a different perspective...
AgainstMethod
National defense makes up 11% of the total national budget. Huge, but not a reason to defund public spending.
jursamaj
Sadly, it won't. And even if the average people agree to it, the rich own enough legislators that it will never happen.
namelessone
Which is why changing the system can only come from targeted civil disobedience (even if that's not enough).
[deleted]
[deleted]
ReaperCDN
The mask has come off completely. They don't need to pretend because they don't answer to the public anymore.
KaspersPrincess
It's so corrupted on so many levels, the democracy is just a front to keep the normal people from revolting nowadays.
PunnyTiger
how about we give senators a percentage of the taxes collected from billionaires so that they'll make more from taxes than from bribes?
jursamaj
How about we just line up senators who take bribes. Up against a wall, with a firing squad.
PunnyTiger
because people trying to get into the senate are usually desperate for funding and will all be bribed freshly.
HypoMix
second richest person on earth who is openly declaring wealth*
Domivla
For some reason i believe putin is the richest dude. Stealing funds from his own country. Just look at how shitty their stuff is. All 1/2
Domivla
The money that would be used as military budget went into his pocket and he build a huge castle for himself.
WeekendWarriorMark
* multiplies stock price with stock held. Can’t sell all stock at once or prices drop crazy. Can’t be public lunatic or stock prices drop…
morelikeconsham
a) you can use the stock as collateral for an interest free loan, and b) you can transfer mass amounts of stock as part of a transaction, so
morelikeconsham
while it isn't completely liquid in a general sense, it is still perfectly accessible and useable wealth for transactions.
WeekendWarriorMark
Sounds like a great scheme,remember the dot com bubble?Hope they factor in how volatile some companies are.Twitter certainly isnt a cash cow
Triggernpf
Still sold for billions if not tens of billion this year and if he would shut up he would be still way richer
Cucumberclouds
Minibleau
No not any monarch, oil money.
ArtOfKarolMichalec
Id say putin
Northstar219
Also all the tens of trillions dumped into the military complex that is definitely all accounted for /s
RobotOverlordFromTheFuture
Technically King Charles own all the lands in the Commonwealth, including Britain, Canada, Australia and New Zealand.
RobotOverlordFromTheFuture
Source: https://www.highlandtitles.com/blog/this-land-aint-your-land-part-1/
Goblor
Fr.. real possibility that one of those oil princes have a trillion
samanthadlcruz
and plenty of criminals have massive wealth hidden from public scutiny.
jojoyojimbi
putin has stolen hundreds of billions, possibly trillions of dollars from the russian people throughout his reign
VictusVonGuyver
He went from poor low level KGB staff, to multimillionaire mayor of Moscow, and later Billionaire leader of the Russian Federation.
SilentHowling
The secret was a lot of theft and murder.... Much like most of human history tbfh.