A Lesson About Wealth From Elon Musk, the World’s Richest Human

Barrons2022-04-13

Elon Musk is worth a cool $274 billion. Now, a former auto analyst-turned-market researcher has broken down the number to show how the Tesla CEO amassed such a mind-boggling fortune—and drives home ...

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Comments

koolgal
2022-04-16
koolgal
The important lesson according to the author is that the best way to build wealth is to hang onto stocks long term and benefit from the magic of compounding.
BKT
2022-04-14
BKT
Good. Pls like thanks.
Vivian.89
2022-04-13
Vivian.89
A man with vision that no one could imagine, or maybe not dare like him.
Stekst
2022-04-13
Stekst
He just ahead of us ...He see what other can't see..
JcJc
2022-04-13
JcJc
King 👑
Remotecam
2022-04-13
Remotecam
I really do hope he gets humans to Mars. He'll need to quadruple his value to 1 Trillion to pay for it. He's got a long way to go. $Tesla Motors(TSLA)$

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Now, a former auto analyst-turned-market researcher has broken down the number to show how the Tesla CEO amassed such a mind-boggling fortune—and drives home ...</p>\n\n<a href=\"https://www.barrons.com/articles/elon-musk-worlds-rich-human-how-build-wealth-51649786225?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PYPL","symbol_name":"PayPal","start_time":0,"source_url":"https://www.barrons.com/articles/elon-musk-worlds-rich-human-how-build-wealth-51649786225?mod=hp_LATEST","article_id":"1139853947","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139853947","pubTimestamp":1649830226,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Elon Musk is worth a cool $274 billion. 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Now, a former auto analyst-turned-market researcher has broken down the number to show how the Tesla CEO amassed such a mind-boggling fortune—and drives home the point that the huge number is really no huge surprise.Musk stepped off on his path to enormous wealth 20 years ago when eBay, the e-commerce platform, bought the fintech PayPal, which he co-founded with a host of other notables, including financier Peter Thiel.“In 2002 Elon Musk got $176 million when PayPal sold to eBay,” writes Nicholas Colas, co-founder of DataTrek Research. “He reinvested much of that into Tesla, SpaceX, and other startups. Now, he is worth $274 billion.”The entrepreneur, in 20 years, has quadrupled that chunk of change almost 400 times—a near-unimaginable 1,557 times, which works out to an average annual return of about 42%.“While obviously better than the S&P 500’s compounded return of [about 9%], it is still within the bounds of reason,” added Colas.Earning 42% a year on his investments, the 50-year-old Muskis about four years from being a trillionaire. Right now, no one wears that crown. Berkshire Hathaway CEO Warren Buffett has $127 billion, according to Forbes, and is 91, four decades older than Musk.The point that Colas makes about compounding returns is a good one for everyday folks to remember: The best way to build wealth through stocks is to hang on to them. Perhaps the best—and safest way—is a low-cost, well-diversified mutual fund.Now, finding 40% returns like Musk, though, would be extraordinary. The Nasdaq Composite has averaged about 12% a year for the past two decades. Still, the 3 percentage-point difference between the Nasdaq and the S&P over 20 years amounts to 70% more wealth for investors picking the Nasdaq. Compound returns really do compound over time.As for Musk, his $274 billion—or Buffett’s empire or any of the mega-cash piles that others are sitting on—stirs up envy and speculation about taxes and risk-taking.And, of course, jokes about the uber rich abound. One of Barron’s favorites: “How do you become a millionaire? Start a billionaire and buy and airline.”When reflecting on his experience with airlines, Buffett wrote in 2007 “if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.”That one always gets us.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9083626274,"gmtCreate":1650112399073,"gmtModify":1676534649742,"author":{"id":"3559581955535845","authorId":"3559581955535845","authorIdStr":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845"},"htmlText":"The important lesson according to the author&nbsp;is that&nbsp;&nbsp;the best way to build wealth is to hang onto stocks long term and benefit from the magic of compounding.&nbsp;","listText":"The important lesson according to the author&nbsp;is that&nbsp;&nbsp;the best way to build wealth is to hang onto stocks long term and benefit from the magic of compounding.&nbsp;","text":"The important lesson according to the author is that the best way to build wealth is to hang onto stocks long term and benefit from the magic of compounding.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083626274","repostId":1139853947,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9080863954,"gmtCreate":1649865748552,"gmtModify":1676534594079,"author":{"id":"3570853427202414","authorId":"3570853427202414","authorIdStr":"3570853427202414","name":"BKT","avatar":"https://community-static.tradeup.com/news/15cb8e8f0a7c44ca01c83b3bfdddbd86","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570853427202414"},"htmlText":"Good. Pls like thanks.","listText":"Good. Pls like thanks.","text":"Good. Pls like thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080863954","repostId":1139853947,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9080888487,"gmtCreate":1649865225477,"gmtModify":1676534593773,"author":{"id":"3580805708901037","authorId":"3580805708901037","authorIdStr":"3580805708901037","name":"Vivian.89","avatar":"https://community-static.tradeup.com/news/60bd1a79480c57ad8fcc67dc779af034","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3580805708901037"},"htmlText":"A man with vision that no one could imagine, or maybe not dare like him.&nbsp;","listText":"A man with vision that no one could imagine, or maybe not dare like him.&nbsp;","text":"A man with vision that no one could imagine, or maybe not dare like him.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080888487","repostId":1139853947,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9080363787,"gmtCreate":1649847571412,"gmtModify":1676534589016,"author":{"id":"4107586975974570","authorId":"4107586975974570","authorIdStr":"4107586975974570","name":"Stekst","avatar":"https://community-static.tradeup.com/news/4266983b5362138cf4a2dafc47c9c6c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4107586975974570"},"htmlText":"He just ahead of us ...He see what other can't see..","listText":"He just ahead of us ...He see what other can't see..","text":"He just ahead of us ...He see what other can't see..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080363787","repostId":1139853947,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9080305232,"gmtCreate":1649841043159,"gmtModify":1676534587770,"author":{"id":"4088126420960140","authorId":"4088126420960140","authorIdStr":"4088126420960140","name":"JcJc","avatar":"https://static.tigerbbs.com/3a18de000ce7013be088f3ab4082bd27","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088126420960140"},"htmlText":"King 👑&nbsp;","listText":"King 👑&nbsp;","text":"King 👑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080305232","repostId":1139853947,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9080974392,"gmtCreate":1649839733637,"gmtModify":1676534587553,"author":{"id":"4093854476996450","authorId":"4093854476996450","authorIdStr":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4093854476996450"},"htmlText":"I really do hope he gets humans to Mars. He'll need to quadruple his value to 1 Trillion to pay for it. He's got a long way to go.&nbsp;&nbsp; <a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>","listText":"I really do hope he gets humans to Mars. He'll need to quadruple his value to 1 Trillion to pay for it. He's got a long way to go.&nbsp;&nbsp; <a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>","text":"I really do hope he gets humans to Mars. He'll need to quadruple his value to 1 Trillion to pay for it. He's got a long way to go. $Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080974392","repostId":1139853947,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":137,"commentSize":16,"repostSize":0,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1139853947"}