this post was submitted on 19 Jun 2026
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World's first ex-trillionaire , yes?
Nope. Since everyone bought his shares he got to keep their money
That's... not how this works.
People give him 170 to 300$ for worthless share. He get to keep this money, now the valuation on the shares he have got up because ~~people~~ hedge fund were fighting for the useless one. Now when the dust settles we will see how Musk will do but in any case he got out with a filthy bunch of money
Most of his net worth is still in his ownership of his remaining shares. He didn't sell everything he owned. He has his special shares still.