But sadly, all good things come to an end. After SpaceX’s stock took a dip on Tuesday, June 23, the trillionaire (scratch that, billionaire) is now only worth $975 billion (as of Wednesday morning), according toForbes. And the average American still only earns just over $69,800 a year, according to the U.S. Social Security Administration.
Others posted their views on Musk’s sudden slide, “Let’s just keep calling him a trillionaire so that he doesn’t do something stupid to our world trying to regain his status,” and, “IMO, he was never a trillionaire. If you can’t be taxed on stocks you own because they are ‘unrealized gains,’ you can’t claim it’s real money when you go to counting your gold doubloons.”
Back in March, Musk shared his views on the future of the world economy, telling Peter Diamandis, “I do think we’ll have universal high income. We’re basically just issuing money to people, you know, and they are really just, because the output of goods and services will so far exceed the money supply that we effectively have deflation.”
In what was the soundbite of the interview, Musk added, “I think money will stop being relevant at some point in the future.”
Forbesreposted the clip on June 13 (the day after Musk reached trillionaire status), and people had plenty to say. One commenter wrote, “Then why you got so much of it?” as another noted, “Says the man who has it.”
View this post on InstagramOf course, no one is really concerned that Musk’s sudden loss will have much of an effect on the man who still holds the top spot as the wealthiest person on the planet!
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