Elon Musk Fires Back at Bernie Sanders Over His $900 Billion Fortune
Elon Musk defended his wealth in opposition to Senator Bernie Sanders, saying his cash sits in SpaceX and Tesla inventory somewhat than in a money hoard.
Sanders talked about that Musk owns extra wealth than the underside half of American households. This displays his democratic socialist philosophy of elevating taxes on the wealthy, a stance that’s changing into more and more well-liked in America with the rise of political figures like Zohran Mamdani and Abdul El-Sayed.
Sanders has spent 2026 pushing for a tax increase on AI giants that will seed a $7 trillion public fund.
Musk’s argument rests on a second level. Share costs climb as the 2 corporations ship extra, so each holder good points, together with the pension and retirement funds that personal the inventory.
A Paper Fortune That Moves Every Day
The numbers behind the argument shift always. Forbes presently values Musk at about $908 billion, down from roughly $1.1 trillion in June.
That June peak briefly made him the world’s first trillionaire. His fortune then slipped under $700 billion in July, earlier than Tesla and SpaceX shares rebounded by August.
SpaceX has traded on the Nasdaq below the ticker SPCX since its June itemizing at $135 a share. As a outcome, SpaceX revenue forecasts and Tesla supply numbers now reprice Musk’s web price each session.
Neither man, nevertheless, controls the quantity they’re combating over. Traders reset it each session, lengthy after the posts cease trending.
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