While you’re absolutely correct, even if Musk lost 99.7% percent of his wealth he would still be a billionaire (depending on whose net worth number you choose to use). I wouldn’t hold out seeing him in a bread line or starting a gofundme.
The real question is whether the collapse of his house of cards will lead to a 99.7% loss of wealth or >100% loss. He won’t be a billionaire anymore if it’s the latter.
While you’re absolutely correct, even if Musk lost 99.7% percent of his wealth he would still be a billionaire (depending on whose net worth number you choose to use). I wouldn’t hold out seeing him in a bread line or starting a gofundme.
The real question is whether the collapse of his house of cards will lead to a 99.7% loss of wealth or >100% loss. He won’t be a billionaire anymore if it’s the latter.