He's the richest man in the world partially because he's desperate for money. Being bottomlessly greedy is a necessary prerequisite to being a multibillionaire, any normal person would retire before they get there. And although he's one of the wealthiest people in the world, his wealth is dwarfed by that of the Saudi state.
Re:Threads, an Instagram App
by Wowfunhappy on Tuesday July 04, 2023 @01:37AM
(#36582604)
How is Saudi Arabia paying him without anyone noticing?
I wonder if anyone is checking if they arent pushing Tesla stock price high.
Also who exactly financed the purchase of Twitter?
If Saudis wanted it why would they have to do it by proxy of Elon Musk. What a bizarre theory.
Morgan Stanley
Bank of America
Larry Ellison, (ORACLE co-founder)
Saudi Prince Alwaleed bin Talal
Maybe they promised him free rocket fuel and a launchpad where he doesn't have to care about safety. Complete speculation on my part.
Technically the Saudi PIF and the Saudi ownership of Aramco, which runs into trillions, is all property of the Saudi royalty, and increasingly the personal property of the current rulers, father and son. So no, Musk isn't the richest man on the planet.
WHY would Musk act as a stooge for the Saudis in this way, at a cost of $44 billion? He's the richest man in the world, he doesn't have to do errands for anyone.
"Parag hurt his feelings, so he impulsively and vengefully made a buyout offer. He almost immediately came to his senses, and unsuccessfully tried for months to wiggle out of the deal" fits the fact pattern. Once he realized he actually had to try and run the thing, he failed. It's a lot simpler than the Saudi thing.