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rullopat | 1 year ago

He is the richest man in the world and he doesn’t have 6B in the pocket to finance it on his own?

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Bilal_io|1 year ago

A rich man doesn't get rich by risking their own money. They risk the money of their investors

sidcool|1 year ago

Seeking investment is a sensible way to raise money and be more accountable IMO. And if investors are ready, why would anyone risk their own money? It's plain business sense.

JumpCrisscross|1 year ago

> he doesn’t have 6B in the pocket to finance it on his own?

This isn’t how you gain allies.

NewJazz|1 year ago

He has to hold as many shares of Tesla right now to make sure he can ram through the compensation package.

rvz|1 year ago

I don't think you know how this works. The rich don't risk with their own money, only the money from others.

Even if they do, it is much less of their wealth on the line managed by others to grow it.

naveen99|1 year ago

The ones doing it on their own, are probably doing it privately. One of the reasons for us government asking to know, so atleast they are not kept in the dark.

stockboss|1 year ago

why do wealthy people get mortgages to buy their homes when they can just pay full cash?

nomilk|1 year ago

Asset rich doesn't imply cash rich.

Art9681|1 year ago

This is the real answer. The other commenters just don't understand how money and wealth works. Net worth doesnt mean liquid money in the bank ready to withdraw. He would have to sell his own assets which would have an impact on their value the quicker he yolo'ed those sales.

bagels|1 year ago

Why risk your own money, when you can risk the money of others, and reap the rewards?