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Elon Musk's Wealth Compared To Everything | Data On Data - YouTube
Channel: Insider News
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This is a graph of Elon
Musk's wealth to date.
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Every single day, this graph fluctuates,
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sometimes by billions of dollars.
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This point here, near the
very bottom of the graph,
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is roughly $10 billion.
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That's the GDP of Malawi.
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This was three years ago.
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This is the market cap of
Ford, the GDP of Puerto Rico,
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the market cap of
McDonald's, Kazakhstan's GDP,
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and this, at the very top?
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That's $210 billion.
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That's the current GDP of Greece.
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That's every single thing that
Greece produces in a year --
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1 billion tonnes of tomatoes,
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500 million tonnes of watermelons,
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all of their cheese, wheat, oil,
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the entire tourism industry,
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and every single other good
and service across the country.
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But one thing this
graph doesn't get across
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is just how fast this rise has been.
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Here's the same graph
over a much longer period.
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Again, here's McDonald's,
Ford, and Kazakhstan.
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Compare any of these to Elon Musk's line,
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and you can see his
growth is almost vertical.
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So let's take a closer look
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to find out what that growth means.
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So, to get a better
understanding of this graph,
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it really helps to know
what this worth actually is.
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Musk's wealth is made up
mostly of the stocks he owns,
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the majority of them in Tesla.
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In fact, if you draw a
graph of Tesla's stock
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over the top of his wealth,
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you can see it's almost exactly the same.
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So, this is just Tesla.
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For comparison, here are the
two biggest car companies
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in the world, VW and Toyota.
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You can see how out of balance
this is with production.
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VW made 8 million cars last year.
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Tesla made 500,000.
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Putting Musk's wealth
back in the same scale,
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you can see the point where his
personal wealth overtook VW,
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in August last year,
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and briefly overtook the value of Toyota.
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This spike follows a similar
trend to past bubbles.
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For comparison, here's
the gold bubble of 1979;
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the Japanese housing crash,
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which the country has
never recovered from;
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and the dot-com bubble
in percentage increases.
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Here's Tesla.
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So let's go back to
just Elon Musk's graph.
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Getting an exact figure
on his worth is difficult,
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as his private wealth is, well, private,
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and everyone calculates their estimates
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slightly differently.
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But to get an understanding
of just how rich Elon Musk is,
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it helps to understand
the value of a billion.
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Let's compare distance.
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Traveling 1 million
miles would get Elon Musk
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1/34 of the way to Mars,
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even at its closest point in orbit.
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1 billion would get you there 29 times,
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but this is just 1 billion.
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Musk's current $176 billion in miles
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would be 5,104 trips.
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This is just April 2020 to April 2021.
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And over the course of this year,
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Elon Musk's wealth has
gone from $30 billion
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to $172 billion.
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That's a rise of $383 million per day.
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This much, every single day, for a year.
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Even when compared to
the recent rapid growth
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of other US tech billionaires,
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like Bill Gates or Jeff Bezos,
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his wealth has really
taken off in the last year.
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This specific section,
though, is even more dramatic.
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This almost vertical
line is a five-day period
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where Elon Musk suddenly became
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the richest person in the world
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as his wealth jumped by $39 billion.
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This amount alone would make him
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the 35th-richest person in the world,
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just beating Giovanni Ferrero and family,
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the owners of Nutella.
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That one week of earnings could buy Musk
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the New York Yankees, the
Dallas Cowboys, the LA Lakers,
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the Toronto Maple Leafs,
Manchester United,
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and once he's run out of
big sports teams to buy,
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enough Boeing 747s to start an airline.
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But that's just five days of growth.
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His total wealth would buy him a lot more.
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If Elon Musk was to cash in
on this $172 billion worth,
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he could buy himself
5,030,710 Tesla Model 3s.
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That's more cars than exist in Sweden.
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Those cars, bumper to bumper,
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would take up so much space
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that they would stretch 11 kilometers long
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and 4 kilometers wide,
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enough to cover almost
the whole of Manhattan.
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If he wanted to actually access the cars,
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he would need to also flatten
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a large area of New Jersey and Brooklyn
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to construct the world's largest car park.
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And if he didn't want to invest in Teslas,
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he could buy almost 4 million
bitcoins at $40,000 each,
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almost 20% of the world's supply.
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Or, if he wanted a less
volatile investment,
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a 5.5-meter solid block of 24-karat gold.
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Gold is really expensive.
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And that $172 billion
would be enough to buy him
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the world's third-largest army,
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bigger than Russia and
India's armies combined.
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But this isn't just a static number.
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If the trajectory of the
last year was to continue,
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that would make Musk a
trillionaire in just five years.
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But with his current investments,
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that would mean that Tesla
would likely have to be valued
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at over $3 trillion by that point.
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Another 10 years from now,
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and Musk would hit $2 trillion,
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more money than there is
currency circulating in the US
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and larger than the whole
of the current FTSE 100.
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But for Musk to reach
this incredible value,
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Tesla may have a problem
keeping up with demand.
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To maintain this growth,
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Tesla is going to have to start
building a lot of new cars.
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20 million of them by 2030,
according to Elon Musk.
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And 20 million cars are going
to need a lot of batteries.
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It's predicted that EVs
will need the equivalent
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of 225 billion iPhone
11 batteries by 2030.
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That's 100 times the amount
of iPhones ever sold.
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These batteries need materials.
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Here's the estimated supply
of lithium in the world,
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and here's what we're going to
need to sustain this growth.
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Which means in just five years' time,
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this demand could
completely outstrip supply.
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And soon after that, we could
run out of lithium entirely.
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There are other questions
around whether this growth
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is sustainable, not just
feasibly, but ethically too.
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As the extreme wealth of Elon Musk
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and other billionaires has grown
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and the income of the bottom
50% of Americans has shrunk,
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it's a problem that's hard not to raise.
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But there's another thing that could slow
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Elon's rapid growth in the future: taxes.
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The highest marginal tax rate in the US
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is currently incredibly low,
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not just compared to
other Western countries,
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but also compared to
the US's recent history.
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And here's another
interesting correlation.
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Here's a graph of union
membership in America,
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the thing Musk broke
labor laws tweeting about
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a few years ago according to the NLRB,
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but that's not important for now.
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Currently, the income disparity
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between billionaires like Musk
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and the bottom 50% of Americans
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is at a similar point to 1930.
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And that period led to a
huge 40% income-tax hike,
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followed shortly by another 13% hike
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and another 20% increase during the war.
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And if taxes were to once
again follow this trend,
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this inequality could be addressed
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before it gets even further out of hand.
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But with the current plan
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to raise the top tax rate by just 2.6%,
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this graph may not be
changing for a while.
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Thanks for watching.
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Let us know in the comments
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if there are any other
stories you want us to cover,
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