Elon the trillionaire: What Musk’s milestone means for the world
Elon Musk’s vast wealth is now the equivalent that of the bottom one-third of the entire globe’s population.
At the weekend, Elon Musk became the world’s first trillionaire.
It came after his company, SpaceX, was publicly listed, reaching a valuation of more than $2 trillion.
Elon’s wealth is now the equivalent of the bottom one-third of the entire globe’s population. It’s more than the entire annual gross domestic products of Belgium, Sweden or Ireland.
But while some are celebrating Musk’s milestone, for others it’s jarring to see in the hands of someone who uses their power for political purposes – and at a time where so many are living with so little.
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Today, author of Stinking Rich: The Four Myths of the Good Billionaire, Carl Rhodes, discusses what the world’s first trillionaire means for the distribution of power and wealth.
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Guest: Author of Stinking Rich: The Four Myths of the Good Billionaire, Carl Rhodes
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