Musk is NOT Richest Man in the World

Contrary to popular belief, Elon Musk is not the richest man in the world.

Nor is Jeff Bezos or any other billionaire out there.

Why is that?

It’s simple.

Their wealth/net worth is based on the paper value of their company stock.

And while it’s true that their current valuations are in the multi-billions, they couldn’t liquidate their assets without forcing a huge drop in value.

But let’s use history to validate who is/was the richest man in world.

“Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,”

~1Kings 10:14~

Ironically (or NOT) King Solomon received 666 talents of gold every year.

Let’s do the math.

A Talent is the largest of the Hebrew units of weight and of monetary value. It weighed 34.2 kg (75.5 lb.)

75.5 X 16 (ounces per pound) = 1,208 ounces.

1,208 X 1,700 (price of gold per ounce) = $2,053,600.

$2,053,600 x 666 (yearly income) = $1,367,697,600.

So, that means Solomon made a minimum of $1,367,697,600 on gold alone.

Name one person that makes over $1 Billion a year in income.

Crickets…

He also received silver as well as spices…

“Beside that he had of the merchantmen, and of the traffick of the spice merchants, and of all the kings of Arabia, and of the governors of the country.”

1Kings 10:15

Keep in mind this was an annual income and didn’t consider any other assets (like shares of a company that are subject to the whims of the market).

And – unlike today’s billionaires – NONE of Solomon’s wealth was paper money.  And he didn’t see the value of his assets drop 40-50% in one year like AMZN or TSLA,

Richest Man in the World

So, when the Whores-Of-Babble-On Presstitutes (pun intended) constantly remind you of today’s billionaires wealth, it pays to have some historical perspective.

Why?

People have a tendency to worship these wannabe gods (Musk, Bezos, Gates, etc.) because of all their wealth.

In reality, those Boyz will always be talking their book.

READ: Annoying Acronyms…Wall Street’s Secret Language (HERE).

And the worship of billionaires will cause most people to make huge mistakes when investing.

Don’t be one of them.

And don’t try to mimic what they’ve done to attain their paper wealth.

Instead, learn how to prosper AND thrive in Turbulent Times every month in our “…In Plain English” newsletter (HERE).

In it we show you how to avoid Wall Street’s minefields and also how to trade like a pro.

Go (HERE) now!

And share this with a friend…especially if they’ve been clobbered by this year’s markets.

They’ll thank YOU later.

We’re Not Just About Finance.

But we use finance to give you hope.

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