News for hackers. Stuff that matters.

A comment on xAI has acquired X, xAI now valued at $80B. Parent comment

Re:xAI has acquired X, xAI now valued at $80B by danpalmer on Friday March 28, 2025 @06:53PM (#43510755)
I don’t want to downplay your point, I basically agree, but in real terms I believe there have been several people richer than him, and it is hard to judge the relative wealth of people long ago.
[ Parent | on HN ]
Re:xAI has acquired X, xAI now valued at $80B by bhouston on Friday March 28, 2025 @06:57PM (#43510779)
Elon was uniquely rich is US history but his wealthy fluctuates wildly:

https://finance.yahoo.com/news/rockefeller-rich-elon-musks-w...

[ Parent | on HN ]
Re:xAI has acquired X, xAI now valued at $80B by ksec on Friday March 28, 2025 @07:53PM (#43511172)
I don't like this market cap against GDP measurement. The multiples in Market Cap in those era would be significantly lower. If we look at P/E of S&P 500 [1], what used to be peak PE of 20 a century ago are now considered normal.

So adjusting for all that Rockefeller would still be richer than Elon.

[1] https://www.multpl.com/s-p-500-pe-ratio

[ Parent | on HN ]