It’s barely possible that our economic system allowing the accumulation of wealth to the point where an individual’s net worth can eclipse the GDP of a midsize country is not healthy for media or democracy.An expensive toy for someone who can afford to lose it.
Elon Musk's wealth has dropped more this year than the GDP of many countries
Twitter's new owner falls down a rung in wealth rankings for the first time since overtaking Jeff Bezos in 2021.
www.cbsnews.com
He lost $100 billion dollars, which by itself is more than the GDP of the listed countries (Bulgaria, Croatia, Iceland) and has at minimum 1.5 times that left to burn.
Of course truthfully his net worth is tied up in Tesla stock and is almost certainly… overvalued. In my opinion. But what do I know.