• SokathHisEyesOpen@lemmy.ml
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    1 year ago

    Bankrupt doesn’t mean broke when you’re ultra-wealthy. Trump has declared bankruptcy what, 6 or 7 times? He’s still a billionaire.

    • Phoenixz
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      1 year ago

      Trump is likely not (and never was) a billionaire he’s a notorious liar when it comes to his wealth and has always inflated the crap out of everything.

      Musk is equally a notorious liar and is very capable of going bankrupt as most of his wealth is in his companies that he’s quite expertly running into the ground. His Twitter acquisition required multi billion dollar loans and the interest and payments together run into billion(s) per year. As he paid twice the value for twitter and the expertly ran it down to half that value, he lost about 75% of the money… good luck with that next payment, asshole!

      He pulled a huge amount of stock out of tesla (“I’ll never sell tesla stock”, musk) and with that tesla went off a cliff as well

      Hell he bankrupt within 5 years, if that.