this post was submitted on 07 Sep 2023
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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 1 year ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] CharlesDarwin@lemmy.world 3 points 1 year ago

I'm assuming he could still be accruing wealth if he did that.

Assuming he made at least 5% or so per year on investment income, that would be 2 billion, and if you assume a 20% tax rate on that, it would be 1.6 billion, still more than 365 million it would take to give away one million every day.

And so if he could live on less than ~1.2 billion per year, he'd still be gaining wealth...