Billionaire provided vast majority of funds to America Pac in winning bid to return Trump to White House
  • Hobbes_Dent@lemmy.world
    78·
    2 days ago

    Just an American with immigrant roots scraping together a weeks pay to support a candidate he believes in. Ahh, democracy. Citizens united in purpose.

    • WalrusDragonOnABike [they/them]@lemmy.today
      3·
      2 days ago

      There was also the cost of running twitter. Granted, his return so far has been about 50 bil and twitter still has a market value of like 40 billion, so it’s not like that asset has gone away. Like 4 billion in net costs to make 50 billion in two years is pretty solid return on investment…

  • disguy_ovahea@lemmy.world
    25·
    2 days ago

    Here’s some perspective.

    That’s only 1/1500 of his net worth.

    It’s the same as someone worth $50,000 spending $750.

    Most of us worked harder to buy our mattresses than Elon worked to buy the election.

    • Breve
      17·
      2 days ago

      It’s actually worse than than because winning the election has been a big windfall for Elmo to the tune of $70 billion: https://www.cnbc.com/2024/11/11/elon-musk-is-70-billion-richer-since-trump-victory-due-to-tesla-surge.html

      It’s more like he got a 34,900% return on investment. If you include the $44 billion he “spent” on Twitter that brings the ROI down to a still impressive 58%, outperforming pretty much any market or fund.

      They really are good businessmen, but the foxes are now in control of the hen house. Good luck everyone else!

      • Todd Bonzalez@lemm.eeOP
        10·
        2 days ago

        They really are good businessmen

        If you measure success by how much cash you can exploit for yourself…

        • Breve
          2·
          1 day ago

          Yes, that is unfortunately the measure capitalism uses to judge success. Something something invisible hand I guess.

    • xmunk@sh.itjust.works
      2·
      2 days ago

      Musk has a lot of purchasing power - which would be fine except people keep giving him actual money in exchange for it.

  • TokenBoomer@lemmy.world
    122·
    2 days ago

    Geez. I did the math 🧮 That’s like $60 for us regular people. WTF 🤬

    Edit: I thought he was worth more. It’s more like $75.

  • 9point6@lemmy.world
    6·
    2 days ago

    Oh, so someone has shown that you can buy yourself a carte blanche in the US government for about the price of a medium sized building in larger capital cities?

    This bodes well for America from now on, what interesting times you’ve made for yourselves