Twitter re-examines Elon Musk’s bid, may be more receptive to a deal

Re:Twitter re-examines Elon Musk’s bid, may be more receptiv... by dijit on Monday April 25, 2022 @05:47AM (#31152354)

Are you implying that there are no wealthy people in South Africa?

Not to sound “attacky” but that seems extremely naive.

Truthfully, he comes from wealth, but not close to the wealth he has today; his father owned half of an emerald mine for example.

He is quoted as saying (about his youth): "We had so much money at times we couldn't even close our safe"

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Re:Twitter re-examines Elon Musk’s bid, may be more receptiv... by stormbrew on Monday April 25, 2022 @02:40PM (#31158945)

No one on the planet at the time was as wealthy as the current crop of ultra-rich, including Musk. Perhaps no one in all of history, really, though that becomes a complicated comparison really fast.

But yes, he absolutely comes from wealth. Just like most of them do.

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Re:Twitter re-examines Elon Musk’s bid, may be more receptiv... by dijit on Wednesday April 27, 2022 @02:39PM (#31184028)

John D. Rockefeller was at the peak of his wealth in 1909, with over $900 million (in 1909 dollars). Doesn’t sound like much today—just your run-of-the-mill almost-billionaire. But that fortune represented about 5% of the TOTAL GDP of the U.S. in about 1910. That is obscenely GARGANTUAN.

If we were to translate 5% of the 2020 U.S. GDP today, that would be 5% of $20.807 trillion. Or about $1.404 trillion. So Bezos, with his $182.2 billion and Musk with his $264.6 billion, have A LONG way to go to catch up with Rockefeller.

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