When you look at the titians of industry,that’s in line with what they made,and paid no taxes.Because taxes had not been established yet.
That kind of money could have bought him a majority stake in the City of Detroit at the bankruptcy prices.
JP Morgan back in the day funded a bailout for the entire country and those guys had so much cash they funded the rebuilding of Germany so they could wage war WW2.
Berkshire has the safety net fund for Florida in case of a major hurricane,like a $50 billion dollar line of credit.
But most of Musks net worth etc. is paper money,Tesla failed to meet market projections and they lost $73 billion in market share in one day.
The old school guys had that wealth in cash.
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