this post was submitted on 06 Jun 2025
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[โ€“] Subverb@lemmy.world 0 points 3 weeks ago (1 children)

While you're absolutely correct, even if Musk lost 99.7% percent of his wealth he would still be a billionaire (depending on whose net worth number you choose to use). I wouldn't hold out seeing him in a bread line or starting a gofundme.

[โ€“] howrar@lemmy.ca -1 points 3 weeks ago

The real question is whether the collapse of his house of cards will lead to a 99.7% loss of wealth or >100% loss. He won't be a billionaire anymore if it's the latter.