Veteran investor drops shocking Buffett reminder on Musk's losses

Jun 23, 2026 3:55 PMPublished Jun 23, 2026 3:55 PM

Elon Musk just lost $150 billion in a single day—more than Warren Buffett’s entire net worth—yet he remains the world’s only trillionaire. This volatility proves that modern wealth is often just a massive bubble driven by market sentiment rather than actual earnings. While John D. Rockefeller earned billions in real annual income, Musk technically earns nothing. Is a fortune built on paper valuations actually "wealth," or is it just a massive illusion? What’s your take?
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Economist points out the scale of the one-day decline while reminding followers Musk remains the only trillionaire on the planet.

www.thestreet.comVeteran investor drops shocking Buffett reminder on Musk's lossesEconomist points out the scale of the one-day decline while reminding followers Musk remains the only trillionaire on the planet.

Peter Schiff •SpaceX

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