Re:Elon Musk-Led Group Makes $97.4B Bid for Control of OpenAI
by mediaman on Monday February 10, 2025 @10:04PM
(#43008467)
Using BlackRock as a comparison is really disingenuous. They're basically a Vanguard. They hold assets as trustee for the actual owners of the wealth. BlackRock and Vanguard can't wake up one day and decide to put in a bid for OpenAI because of some personal vendetta.
You are confusing "assets under management" (AUM) with actual net worth. Blackrock's net worth is $43 billion, compared to $11 trillion in AUM, because 99.6% of the top-line number you chose is actually just client money. Musk, meanwhile, is around $400 billion, so you have the numbers backwards; Musk has about 10x the net worth of the nation's largest fund manager.
You are confusing "assets under management" (AUM) with actual net worth. Blackrock's net worth is $43 billion, compared to $11 trillion in AUM, because 99.6% of the top-line number you chose is actually just client money. Musk, meanwhile, is around $400 billion, so you have the numbers backwards; Musk has about 10x the net worth of the nation's largest fund manager.