I’m sure people Awesome Face Daisy Santa Wear Mask Merry Christmas 2020 Christmas Shirt understand that is value in the company, it’s stock he can’t sell for 5 years. It’s on paper, just like all the other billionaires. If he wanted to sell, the stock price would fall and a lot of that would disappear. I agree that they probably didn’t need the grant but also realize that rich people are rich because they see and take opportunities. The government should have done a better job, obviously. He’s not actually worth that much. Most of his net worth is tied to his tesla and SpaceX stock.
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And he can’t offload those easily. I actually don’t think he’s sold any shares and he borrows against them. Market sentiment can Awesome Face Daisy Santa Wear Mask Merry Christmas 2020 Christmas Shirts turn against tesla at any moment and his “net worth” could plummet. So just to be clear, he doesn’t have $88 billion dollars in a bank account somewhere. And also, Grimes and Musk aren’t married (to my knowledge) so I doubt she would have any direct access to his finances. What about his contribution to literally kickstart the entire EV industry? Space travel? Making online payments easier so small businesses can have global customers? Yeah, they can still do all that and pay 99% more income tax.
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