The Age
·general
·2 hours ago
Musk’s trillionaire status takes wealth gap to a new level
Elon Musk became the world’s first trillionaire as SpaceX shares traded publicly, marking a significant milestone on Tuesday. His net worth reached approximately $1.2 trillion, surpassing 3 percent of U.S. GDP. Experts warn this unprecedented wealth concentration exacerbates inequality, as Musk's fortune now equates to millions of times that of the typical American household.
Summary by OZbrief · The Age
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