How Elon Musk Invests His Money and Wealth
Elon Musk does not keep heaps of cash sitting around. His wealth is mostly tied up in the stock of his own companies, like Tesla and SpaceX. Instead of selling shares to get cash, he uses his stock as collateral to secure large low interest loans from banks. This lets him access money without giving up his ownership. Users point out that his public advice often serves his own interests. When he tells people to hold their stock during price drops or claims that traditional retirement investing will become pointless because of artificial intelligence, many see it as a way to protect his own wealth and keep his companies afloat. Critics argue his net worth is largely theoretical because it relies on inflated stock prices rather than actual cash or fundamental profitability. Some users also note that his success depends heavily on government contracts and subsidies.
$800 Million Mega Millions Jackpot: Cash Value and Taxes Explained
A Mega Millions jackpot of $800 million was won by a player in Bradenton, Florida, on July 28, 2026, ranking as the 18th largest annuity jackpot in American history. The cash value of the prize was $344.2 million before taxes. After taxes, the take home amount ranges from about $216.8 million in states with no lottery tax to around $173.1 million in high tax areas like New York City. Winners choose between a lump sum or annuity payments over time, which changes when taxes are paid. The US does not have a capital wealth tax on lottery winnings, so taxes are only paid on the initial amount and any future investment gains.