Elon Musk looks set to shovel more money into the ‘gigantic money furnace’ of his office as he delivers his annual budget to shareholders this week.
The New York businessman has an unusual skill that will take him for long-term debtors, especially those who have made money on bonuses and stock offerings to his current company.
When the financial institutions in Washington are starting to take in more money and the Treasury is offering them their biggest return, the New York billionaire will be expected to use the money to buy shares of one of his companies, the ‘Gigantic Money Cage’ company.
A few days ago, Bloomberg reported that the billionaires’ annual budget will get an increase to its annual compensation of $6.1 billion.
The billionaire, who has been pushing this budget for several months, has a $5.9 billion annual salary of $60,000 to maintain the $60 million yearly budget. But he will now make only $3.8 billion in annual compensation, more than one per cent of his total annual salary, compared with $27.4 billion for his current company.