Lawyers who sunk Elon Musk’s big pay package are now asking for nearly $6 billion worth of Tesla stock. Musk doesn’t seem happy.::After sinking Elon Musk’s $55 billion pay package, lawyers are now asking a Delaware court for about 11% of those Tesla shares for their fee.
You could put it in a box and never need to work again. Although it would have to be a very big box. That’s still 10 million $100 bills.
In a bank, or other investment vehicle, with an interest rate of 0.46%, it earns $4.6M a year. With one of the really good rates in that article (4.88%), $48.8M.
Most people’s wages don’t go anywhere near that high, even in America.
There’s arguments to be made in how it’s assets, and therefore can’t be converted to money, nor be accurately represented as money all at once, but that’s still a mind-boggling amount.
Banks will gladly take those shares as security against a $100M loan, which will easily pay itself off by the rising value of the shares.