BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
How do billionaires get rich?
Elon Musk's fortune isn't just cash in a bank. It's mostly tied up in the value of his companies, like Tesla and SpaceX. When these companies perform well, or investors believe they will, the value of his shares goes up, making him richer. The opposite also happens, as seen when SpaceX's stock fell.
Stories that explain this
Elon Musk's fortune reached $895 billion, growing $237 billion this yearRelated explainers
How big is $895 billion? Why do fortunes go up and down? What is 'net worth'? Can darts players get rich? How did Gates get rich? Why is Labour taxing the rich? What is 'Rich Dad Poor Dad'? Can the rich just leave?The full catalogue
Browse every card filed under B →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.