In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Here have some more zeros:
000
The Rev Dodgson said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Here have some more zeros:
000
Oops, ta.
Spiny Norman said:
The Rev Dodgson said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Here have some more zeros:
000Oops, ta.
Spend them wisely :)
The Rev Dodgson said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Here have some more zeros:
000
Have a look up https://en.wikipedia.org/wiki/List_of_wealthiest_historical_figures
The wealth of the wealthiest person, measured in equivalent dollars today, hasn’t fluctuated much.
Jakob Fugger who lived from 1459–1525 was worth the modern equivalent of $400 billion USD.
John D Rockefeller, from 1839–1937, was worth very close to the same amount, in the range of $350-420 billion equivalent USD.
If you just accumulated that much wealth, did nothing with it and kept it in a Scrooge McDuck vault I wonder what sort of flow on effect it would have for the greater community.
Cymek said:
If you just accumulated that much wealth, did nothing with it and kept it in a Scrooge McDuck vault I wonder what sort of flow on effect it would have for the greater community.
Money does nobody any good unless it spent.
Withdrawing money from circulation and just hoarding it in a Scrooge McDuck type vault would be contractionary in a national economic sense. Savings in a bank account are fine because someone else gets to use the money, but hoarding cash under the bed is overall a bad thing for society even if it benefits the individuaal.
The first instance of someone crossing the 100 billion mark was Bill Gates in 1999.
It took 22 years for someone to pop over 200 billion.
If things were to continue on that trend, it would be 73 years before we saw a trillionaire.
party_pants said:
Cymek said:
If you just accumulated that much wealth, did nothing with it and kept it in a Scrooge McDuck vault I wonder what sort of flow on effect it would have for the greater community.
Money does nobody any good unless it spent.
Withdrawing money from circulation and just hoarding it in a Scrooge McDuck type vault would be contractionary in a national economic sense. Savings in a bank account are fine because someone else gets to use the money, but hoarding cash under the bed is overall a bad thing for society even if it benefits the individuaal.
Yes that’s what I was thinking you could crash economies
dv said:
The first instance of someone crossing the 100 billion mark was Bill Gates in 1999.It took 22 years for someone to pop over 200 billion.
If things were to continue on that trend, it would be 73 years before we saw a trillionaire.
I wonder if would be considered along the lines of a monopoly and laws put in place to restrict personal wealth, unlikely I expect
Elon Reeve Musk
June 28, 1971 (age 49)
Pretoria, South Africa
Alma mater University of Pennsylvania (BS & BA; 1997)
Occupation
Entrepreneur industrial designer engineer
Net worth Increase US$186.8 billion (As of 24 April 2021)
Pity he’s such an egocentric dumb-dumb.
Money is just access to resources, and I’m willing to bet his access to resources will be largely wasted on crappy stunts.
Spiny Norman said:
FWIW.
Maybe but he’s got the morals of a dog caught short on a croquet lawn.
Spiny Norman said:
FWIW.
…. one day his companies might even start returning a profit.
Peak Warming Man said:
Spiny Norman said:
FWIW.Maybe but he’s got the morals of a dog caught short on a croquet lawn.
LOLOLOLOL
party_pants said:
Spiny Norman said:
FWIW.…. one day his companies might even start returning a profit.
They pretty much all do.
Cymek said:
party_pants said:
Cymek said:
If you just accumulated that much wealth, did nothing with it and kept it in a Scrooge McDuck vault I wonder what sort of flow on effect it would have for the greater community.
Money does nobody any good unless it spent.
Withdrawing money from circulation and just hoarding it in a Scrooge McDuck type vault would be contractionary in a national economic sense. Savings in a bank account are fine because someone else gets to use the money, but hoarding cash under the bed is overall a bad thing for society even if it benefits the individuaal.
Yes that’s what I was thinking you could crash economies
I would have thought that withdrawing shitloads of money from circulation would have the opposite effect of printing money, so it should cause deflation as each $ in circulation becomes worth more.
Spiny Norman said:
party_pants said:
Spiny Norman said:
FWIW.…. one day his companies might even start returning a profit.
They pretty much all do.
Just not necessarily through the goods/services which they ostensibly supply.
Kingy said:
Cymek said:
party_pants said:Money does nobody any good unless it spent.
Withdrawing money from circulation and just hoarding it in a Scrooge McDuck type vault would be contractionary in a national economic sense. Savings in a bank account are fine because someone else gets to use the money, but hoarding cash under the bed is overall a bad thing for society even if it benefits the individuaal.
Yes that’s what I was thinking you could crash economies
I would have thought that withdrawing shitloads of money from circulation would have the opposite effect of printing money, so it should cause deflation as each $ in circulation becomes worth more.
It can be economically crippling.
Ancient Egypt’s economy used to take severe hits when pharaohs died, because those chaps needed a lot of stuff for a comfy afterlife, and, of course, it had to be made out of gold.
So, when they plonked the pharaoh in his tomb and sealed it up, they also sealed up a lot of the country’s contemporary gold supply.
Everyone everywhere was pretty much on the gold standard back then, so no gold meant no confidence in your currency. If your currency included gold coins, it maybe even meant no currency.
Yeah assuming that inflation and wealth-concentration continue at their current rates
Taking a look at the wealthiest person at 5 year intervals…
1990 16b
1995 23b
2000 60b
2005 46b
2010 53b
2015 79b
2020 113b
It’s a bit up and down. In 2021 there are a few people riding high above trend but I wouldn’t be surprised if that settles down. I would guess that somewhere 2060 we’ll see someone pop his head over the T-note mark, and that by 2070 there will be several trillionaires.
Or maybe things will fundamentally change by then, idk.
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.
My understanding is that he only gets the trillion bucks if Tesla make huge gains in actual profit over the next several years, which is highly unlikely.
Open to correction.
The Rev Dodgson said:
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.My understanding is that he only gets the trillion bucks if Tesla make huge gains in actual profit over the next several years, which is highly unlikely.
Open to correction.
Yeah Musk has to deliver on a bunch of things in order to get the trillion.
https://www.abc.net.au/news/2025-11-07/tesla-shareholders-vote-on-elon-musk-trillion-dollar-pay-package/105977686
order to receive the full award, Tesla’s market capitalisation would need to increase by approximately $US7.5 trillion by 2035 — up from $US1 trillion currently.
That’s alongside other thresholds — for example, Musk would need to deliver one million commercially operable robotaxis and one million AI bots.
Tesla’s electric vehicle business faces challenges before its move into autonomous technology ramps up.
If Tesla hits the valuation milestone required to give Musk an additional 12 per cent stake in the company, that stake would be worth about $1 trillion.
Musk’s award would consist of more than 423 million Tesla shares, available in 12 tranches, subject to the stock hitting a particular market capitalisation goal, and operational milestones.
He would also need to stay with the company for at least seven and a half years, and up to a decade to receive the full value.
so it’s in his interest to pump the dictator of the greatest most powerful old white man’s country in the world
SCIENCE said:
so it’s in his interest to pump the dictator of the greatest most powerful old white man’s country in the world
Think of how many elections he could buy as a trillionaire!
Divine Angel said:
SCIENCE said:
so it’s in his interest to pump the dictator of the greatest most powerful old white man’s country in the world
Think of how many elections he could buy as a trillionaire!
we’re sure that’s totally not his goal nor the goal of any of those supporting this farce
Divine Angel said:
Yeah Musk has to deliver on a bunch of things in order to get the trillion.https://www.abc.net.au/news/2025-11-07/tesla-shareholders-vote-on-elon-musk-trillion-dollar-pay-package/105977686
order to receive the full award, Tesla’s market capitalisation would need to increase by approximately $US7.5 trillion by 2035 — up from $US1 trillion currently.
That’s alongside other thresholds — for example, Musk would need to deliver one million commercially operable robotaxis and one million AI bots.
Tesla’s electric vehicle business faces challenges before its move into autonomous technology ramps up.
If Tesla hits the valuation milestone required to give Musk an additional 12 per cent stake in the company, that stake would be worth about $1 trillion.Musk’s award would consist of more than 423 million Tesla shares, available in 12 tranches, subject to the stock hitting a particular market capitalisation goal, and operational milestones.
He would also need to stay with the company for at least seven and a half years, and up to a decade to receive the full value.
Thanks for those details. Time will tell then I guess.
The Tesla lemon, the Cybertruck, will really slow thing down for a long time though.
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.
He’s a showy conman. Tthey’ll get very little and he’ll walk away with the money.
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.
Its not certain at all. If Tesla doesn’t master self-driving, significantly develop general artificial intelligence or make significant breakthroughs in its humanoid robot division there’s no chance Tesla’s market cap will rise enough to meet the criteria for this colossal pay packet for Musk.
Witty Rejoinder said:
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.Its not certain at all. If Tesla doesn’t master self-driving, significantly develop general artificial intelligence or make significant breakthroughs in its humanoid robot division there’s no chance Tesla’s market cap will rise enough to meet the criteria for this colossal pay packet for Musk.
This is currently lookung likely.
Divine Angel said:
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
Witty Rejoinder said:
Divine Angel said:
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
Tesla sales are tanking everywhere. It’s valuation is no longer really tired to the more boring sale of EVs
From autonews.com (paywalled article)
The Tesla Model Y was Europe’s bestselling car in September, returning to the No. 1 slot for the first time in nine months even though sales fell 8.6 percent to 25,938 compared with the same month in 2024.
Tesla sales are tanking in Germany, EV sales are up
https://www.cnbc.com/2025/11/05/tesla-musk-germany-sales-down.html
Overall EV sales dropped in Australia, however BYD is outselling Tesla. Price is a factor, and Polestar released a mid size car which has boosted its sales here (I saw one the other day, actually. Nice looking vehicle.)
https://thedriven.io/2025/11/06/australian-ev-sales-slow-down-in-october-as-byd-streaks-ahead-of-tesla/
https://www.carexpert.com.au/car-news/tesla-down-polestar-up-as-first-october-new-car-sales-figures-released
But, this site shows a growth in Tesla deliveries in Q3 of this year compared to Q1
https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/?srsltid=AfmBOopZtweF95e2-ZN9561CSqDvUZwagKS5jEb-FfgBI8jcfjAwhtbm
Witty Rejoinder said:
Divine Angel said:
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
Tesla sales are tanking everywhere. It’s valuation is no longer really tired to the more boring sale of EVs
I don’t think during the Musk term at Tesla, the valuation of Tesla has ever been tied to sales.
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.
……….. and all you lot said he was fucked financially not that long ago.
Anyone said how much tax he’s gunna pay on that?
Divine Angel said:
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
Pity my CSL shares didn’t do the same.
Woodie said:
Spiny Norman said:
Spiny Norman said:
In recent times we’ve see the first two people to crack the US$200,000,000 mark and to be fair that value does fluctuate a bit, for several reasons, but I was wondering the other day when we’ll see the first trillionaire.
I can only guess, but I would estimate it’ll be inside the next thirty years or so.
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.……….. and all you lot said he was fucked financially not that long ago.
Anyone said how much tax he’s gunna pay on that?
TAX, TAX, I think the first trillion is tax free. then its a sliding scale after that.
Peak Warming Man said:
Woodie said:
Spiny Norman said:
Got that wrong, it ‘ll like it’ll happen in the next few years.
Musk has been approved by the board of Tesla to receive a trillion dollar pay out. Not sure what for, but it’s virtually certain to happen now.……….. and all you lot said he was fucked financially not that long ago.
Anyone said how much tax he’s gunna pay on that?
TAX, TAX, I think the first trillion is tax free. then its a sliding scale after that.
I reckon he’d pay $0 in income tax.
poikilotherm said:
Peak Warming Man said:
Woodie said:……….. and all you lot said he was fucked financially not that long ago.
Anyone said how much tax he’s gunna pay on that?
TAX, TAX, I think the first trillion is tax free. then its a sliding scale after that.
I reckon he’d pay $0 in income tax.
He might not get paid by NASA for rescuing people in space, a quid pro quo.
poikilotherm said:
Witty Rejoinder said:
Divine Angel said:
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
Tesla sales are tanking everywhere. It’s valuation is no longer really tired to the more boring sale of EVsI don’t think during the Musk term at Tesla, the valuation of Tesla has ever been tied to sales.
Talking of investments whose price is not related to any inherent value:
The Rev Dodgson said:
poikilotherm said:
Witty Rejoinder said:
Tesla sales are tanking everywhere. It’s valuation is no longer really tired to the more boring sale of EVs
I don’t think during the Musk term at Tesla, the valuation of Tesla has ever been tied to sales.
Talking of investments whose price is not related to any inherent value:
surely a value can be assigned to the gullibility andor greed of humans
Divine Angel said:
The reputation of the company seems to have somewhat recovered from his Heil Shitler salutes back in January though, so that’s nice for him.
so we’re seeing implicit support for fascism in real time
If Musk was still Co President he wouldn’t let the Democrats get away with shutting down the Government.
SCIENCE said:
The Rev Dodgson said:
poikilotherm said:
I don’t think during the Musk term at Tesla, the valuation of Tesla has ever been tied to sales.
Talking of investments whose price is not related to any inherent value:
surely a value can be assigned to the gullibility andor greed of humans
Sure, but I don’t think that is an “inherant” value.
Peak Warming Man said:
If Musk was still Co President he wouldn’t let the Democrats get away with shutting down the Government.
Exactly. He’d have them all sacked.
The Rev Dodgson said:
SCIENCE said:
The Rev Dodgson said:
Talking of investments whose price is not related to any inherent value:
surely a value can be assigned to the gullibility andor greed of humans
Sure, but I don’t think that is an “inherant” value.
¡ it’s the value of cryptocurrency !
we mean all other values in trade are promises as well right