What else could Elon buy with his wealth?

in #elon2 years ago

image.png

264 billion is Elon Musk net worth.
44 billion was how much he spent buying Twitter.
16% of his net worth

That hit national news and ever since, Elon Musk has been joking about what else he could buy.

One big joke being about buying Coca Cola, so he could put cocaine back into it.

286 billion is Coca Cola’s market cap.

Showing Elon is still over 20 billion dollars short on buying Coke, even if he liquidated all of his assets.

That being said though, what could he realistically buy with his net worth at 220 billion, factoring in 44 billion was committed to Twitter.

220 billion

Elon joked once about wanting to start a candy company.

Hershey’s market cap is 47 billion.
17.8% of his net worth

Elon has an interest in rail systems, demonstrated by the likely to fail hyperloop.

BNSF is the largest private train company and purchased by Warren Buffett for in 2009, when he spent 44 billion getting the 77% of the company he didn’t own.

That’d mean the company was worth 57 billion dollars in 2009.

It’s difficult to place a value on it, due to it being a private company, but easy way to do it would just be compare revenue.

The company made 14 billion in 2009, when Buffett bought it.
BNSF made 23 billion in 2021.

A 64% increase.

Based on that, BNSF would be worth 93 billion dollars today.

35% of Musk net worth.

Rounding up for Hershey to 18% to keep this easy, Twitter, Hershey and BNSF would be 69% of his net worth.

What else with the other 31%?

Elon Musk said he likes robotics and I doubt he’ll ever get the Tesla Robot off the ground this decade, but he could buy iRobot, which is worth only 1.3 billion.

.5%

That was a little light, so lets get Elon Musk a computer company.

Dell, which is one of my larger holdings personally is worth 36 billion.

That’s 13.8% of Elon Musk net worth, which to keep it easily, we’ll round to 14%.

Elon also has a sense of humor, so we’ll buy Paramount/Viacom, which owns Comedy Central. They have a 19 billion dollar market cap or 7% of Elon Musk’s net worth.

Ending it here, the list goes as follows.

Twitter
Hershey’s
BNSF
IRobot
Dell
Paramount

All of those for 90% of his net worth, which would still leave him with 26 billion in Tesla/SpaceX stock.

This all sounds good, but reality is Elon Musk could likely never do this and still might struggle to officially secure funds for Twitter.

Tesla was worth 57 billion in 2018.
Today, it’s worth 900 billion.

It did have a noticeable growth in revenue/profit, but nothing should rationally explain an increase of about 1800%, give or take.

Which does make this look like a bubble.

An example being Microsoft, which was worth nearly 700 billion in 1997, but by 2000, it was more than cut in half, where the average market cap that year was 250 billion.

What Elon is doing with Twitter is getting loans based on his Tesla stock.

The problem is Tesla stock normalizes and gets a collapse, Elon Musk would be on the hook and could lose everything.

This is why it’s fun to think about mass buyouts, but most likely they can’t ever happen and even Twitter could be a challenge.

Coin Marketplace

STEEM 0.19
TRX 0.13
JST 0.029
BTC 58431.12
ETH 3142.83
USDT 1.00
SBD 2.43