What’s it Wish to Spend Elon Musk’s Cash? This On-line Recreation Lets You Spend $217 Billion – The Motley Idiot Canada

When you had US$217 billion, how would you spend it? This enjoyable web site helps you determine.
Picture supply: Getty Photos
The web is stuffed with weird web sites. There’s a website devoted to bouncing cats (they simply actually bounce throughout the display screen). There’s a website with a large checkerboard that strikes items with out your intervention. There’s even a “quiet place” (a white display screen) if these websites distract you an excessive amount of.
However among the many strangest is a website devoted to spending Elon Musk’s wealth. Sure, you’ll be able to spend all US$217 billion of Musk’s wealth on numerous given objects, together with 80 years of Spotify ($9,600) or influencing a politician ($2 million).
Regardless that it may be enjoyable imagining your self shopping for luxurious objects (a Bugatti La Voiture Noire, $11 million, as an example), I assumed it’s attention-grabbing to ask, which objects could be one of the best long-term investments? In different phrases, how are you going to finest spend Elon Musk’s cash?
As Mark Twain as soon as mentioned, “Purchase land. They don’t make it anymore.” At 4.1 million per 1,000 acres, you may purchase a number of land with $217 billion. When you’re Musk, a million acres is a tonne of Tesla factories, or maybe extra launch pads for SpaceX.
Why not personal probably the most well-known portray on the earth? At $869 million, you may technically purchase the Mona Lisa, although you’d need to wrench it from the Louvre first.
My prediction: Musk will purchase the Cleveland Browns, the Detroit Lions, or the New York Jets and rename them the “Musketeers.” At $3 million, he might take one of many poorest-performing groups in NFL historical past and remake them right into a Tremendous Bowl successful tremendous staff. That may very well be a superb funding — if Musk knew the best way to handle soccer groups.
When you’re sick of the unaffordable property in Vancouver and Toronto (ranked second and fifth in “hardest to afford on the earth”), you may purchase just a few homes in Los Angeles. At $5 million a pop, you may personal property in one of the vital fascinating areas in North America.
Why personal a five-bedroom and six-bathroom house when you may have eight bedrooms and 20 loos? Whenever you’re Musk, you may purchase 5 mansions in Los Angeles. Simply watch out: although a mansion might respect in worth, it’s laborious to discover a purchaser prepared to pay such a loopy amount of cash. You could have to take a “deep low cost” whenever you promote.
System One racing generates extra income than virtually each sports activities competitors on the earth. In 2021, it generated $1.38 billion in income, making it second solely to the Union of European Soccer Associations (UEFA). When you purchase a System One staff and win, you’ve got an opportunity to earn some important earnings.
Think about Musk because the face of a brand new WeWork. With 100 fashionable buildings, Musk might have one in almost each main metropolis in North America. Contemplating how excessive hire is, he might return that $600 million very quickly in any respect.
Musk won’t have sufficient to purchase Disney (a market capitalization of round $283 billion), however he has loads of cash to compete with it. At $90 million a movie, Musk might produce 100 Hollywood movies, maybe extra, if his movies proved to be good.
Let’s recap:
1,000 acres of land x 100 = $410,000,000
Mona Lisa x 1 = $869,000,000
NFL staff (Common) x 1 = $3,000,000,000
Los Angeles house x 20 = $120,000,000
Los Angeles mega mansions x 5 = $260,000,000
F1 staff x 1 = $700,000,000
Trendy constructing x 100 = $1,200,000,000
Hollywood movies x 100 = $9,000,000,000
Up to now, we’ve spent $15.559 billion. That’s solely 7.17% of Musk’s fortune. Yeah — we’ve an extended methods to go. At this charge, you may give each individual on the earth (7.753 billion) $1,000, and you’ll nonetheless have cash left over.
This text represents the opinion of the author, who could disagree with the “official” suggestion place of a Motley Idiot premium service or advisor. We’re Motley! Questioning an investing thesis — even one in all our personal — helps us all suppose critically about investing and make selections that assist us grow to be smarter, happier, and richer, so we generally publish articles that is probably not in step with suggestions, rankings or different content material.
January 13, 2022 |
It’s been a very laborious time for millennials attempting to purchase a home. Housing costs have been climbing increased for …
Learn extra »
January 13, 2022 |
Millionaires who don’t have million-dollar habits don’t keep millionaires for lengthy. Amassing wealth persistently over time, whether or not from profitable concepts, …
Learn extra »
January 13, 2022 |
Let’s face it: for a lot of Canadians, saving $1,000 in a single month takes self-discipline. Forgoing stuff you need. Saying no …
Learn extra »
January 11, 2022 |
During the last 12 months, the phrase inflation has virtually grow to be as endemic because the coronavirus itself. For almost each month in 2021, …
Learn extra »
January 10, 2022 |
It’s in all probability occurred to you earlier than. You took a purchase order again to a retailer, say, a pair of denims. You …
Learn extra »
January 9, 2022 |
It’s been hammered in our heads for therefore lengthy, many contemplate it an eleventh commandment: thou shalt price range. Listing your …
Learn extra »
January 8, 2022 |
It looks as if an odd tip, doesn’t it? “Construct a really lengthy hill,” Warren Buffett recommends to younger buyers, and …
Learn extra »
January 7, 2022 |
Do you want the concept of by no means reporting to work once more? By no means waking up early, by no means dreading the Monday blues, …
Learn extra »
View All
Returns since inception, October 2013. Present as of January 16, 2022.
© 2022 The Motley Idiot Canada, ULC. All rights reserved.

supply