It’s more like he got a 34,900% return on investment. If you include the $44 billion he “spent” on Twitter that brings the ROI down to a still impressive 58%, outperforming pretty much any market or fund.
They really are good businessmen, but the foxes are now in control of the hen house. Good luck everyone else!
Here’s some perspective.
That’s only 1/1500 of his net worth.
It’s the same as someone worth $50,000 spending $750.
Most of us worked harder to buy our mattresses than Elon worked to buy the election.
It’s actually worse than than because winning the election has been a big windfall for Elmo to the tune of $70 billion: https://www.cnbc.com/2024/11/11/elon-musk-is-70-billion-richer-since-trump-victory-due-to-tesla-surge.html
It’s more like he got a 34,900% return on investment. If you include the $44 billion he “spent” on Twitter that brings the ROI down to a still impressive 58%, outperforming pretty much any market or fund.
They really are good businessmen, but the foxes are now in control of the hen house. Good luck everyone else!
If you measure success by how much cash you can exploit for yourself…
Yes, that is unfortunately the measure capitalism uses to judge success. Something something invisible hand I guess.