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Biz KellamChristina Aguayo News- However, Mamdani did not mention how multi-billionaire George Soros’s Open Society Foundations indirectly routed more than $37 million to his campaign to get him elected.
- In fact, Soros is the top democrat donor for the midterms - donating over $102 million - but Mamdani did not mention that either.
Mamdani has not created, invented, or established anything...
Fast Facts:

Musk (self- made) hit trillionaire status after SpaceX's IPO. His companies employ massive numbers of Americans: (more than 500,000 jobs)

SpaceX: Over 22,000 full-time employees as of early 2026.

Tesla: Hundreds of thousands of full time employees (peak hiring exceeded 100,000+ globally, with heavy U.S. presence).

xAI and others: Additional tens of thousands

Musk's companies payout over $110.7 billion in salaries (over five years) - meaning people are supporting their families and making a living because of his companies

Musk injected over $338 billion from 2021-2025 via payroll, suppliers, etc. into the US economy

His U.S. impact is over $1 trillion, supporting over 500,000 jobs and generating massive tax revenue.

Musk's ventures have created thousands of millionaires among employees through stock and options — engineers, factory workers, and technicians.

He holds about 40-42% of SpaceX (valued over $2 trillion post-IPO) plus a large stake in Tesla worth hundreds of billions.

Nearly 100% of the reported wealth sits tied up in these operating businesses' stock.

He has occasionally borrowed against shares, but the core value depends on company performance, innovation, and market confidence.

Stock sales on that scale would crash share prices toward zero, trigger panic across markets, wipe out value for other shareholders (including employee stock holders and retirement funds), and remove the founder-leader whose capital and vision built the firms.

This is not a pile of money to redistribute; it is productive ownership in businesses that design, manufacture, and deliver vehicles, rockets, satellites, and energy products.

Hundreds of thousands of people would lose their jobs - spiking unemployment claims, welfare costs, and lost economic activity.

Supply chains, manufacturing partners, launch services, and local economies in Texas, California, Nevada, and other states would suffer secondary hits in the hundreds of thousands.

SpaceX alone created over 4,000 new millionaires among current and former employees through its IPO stock...