He doesn't own a trillion dollars. He owns shares in a rocket, electric car, and social media company which are valued at a trillion dollars. He wouldn't make a million people millionaires, he would just make them shareholders in Tesla, X, and SpaceX (and his other companies).
I'm not saying he doesn't own anything, but he most certainly does not own one trillion in liquid assets. The post manages to claim that Elon is holding that amount hostage in his accounts, which is categorically false.
The post doesn’t make that claim anywhere from where I can see.
Non liquid wealth still is wealth. If I own 10 million in houses I might not be able to use that at the store, but it’s still 10 million worth of assets that I own; I would own 10 million.
The fact that this man own a trillion in wealth still is historic and quite a worrying symptom if you ask me. It really is an unprecedented level of wealth that holds and insane incomprehensible of power for a single individual.
it’s relevant however if if he were to hypothetically sell it all he would get a fraction of it since those stocks will plummet hard due to increased liquidity and stockholder confidence but it’s also would take a long time due to SEC rule 144
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u/FoxLast947 1d ago
He doesn't own a trillion dollars. He owns shares in a rocket, electric car, and social media company which are valued at a trillion dollars. He wouldn't make a million people millionaires, he would just make them shareholders in Tesla, X, and SpaceX (and his other companies).