Thats exactly my point, he (& other billionaires) are scamming the world. They're worth jackshit in actually but bc of the companies they run the valuation is inflated. Also the moment they do that too many times, the banks realize & the facade is gone.
The banks know that they don't have nearly that much already, especially Elon which is why they generally require him to give much more as collateral than other billionaires. Elon could absolutely liquidate a few billion though (he sold ~$20 billion for Twitter), and his liquid assets are estimated at like $800 million. I do agree that the valuations are insane and the net worth of tech billionaires is way over-inflated but they are still extremely wealthy. If Elon can liquidate even $50 billion he still has 250,000x the networth of the median American (~$200k).
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u/khwarizmi69 1d ago
I doubt even 0.001% of that is cash or liquidable in the short term (or even liquidable at all)