Musk Has Becomes the World’s First Trillionaire but Can Wealth Concentration Coexist with Democracy?
Forbes put Musk at $1.3 trillion as SpaceX shares rose about 42%, lifting his paper fortune above the trillion-dollar mark.
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Following its dazzling debut last Friday, aerospace and AI company SpaceX surged further on Monday. Investors across the board continue to embrace the highly popular stock, helmed by Elon Musk.
Millions of the world are even more and richer! According to one study, their number increased by almost 2 million in 2025, and their total wealth reached a historical record of 98.3 trillion dollars. In parallel, the wealth of the richest remains extremely concentrated: 1% of them own more than 34% of the total amount. At the top of the ranking is Elon Musk, who recently became the first trillionaire in the world after SpaceX was listed on the …
POLITICS: Adam Schiff seethes as Elon Musk becomes first trillionaire
When SpaceX hit the Nasdaq on Friday and made Elon Musk the first trillionaire, plenty of Americans saw cause for celebration. Adam Schiff saw a crime scene. Something is “terribly wrong,” the Democratic senator wrote, with an economy that mints a trillion-dollar fortune while people go without health care. He called it the cost of a corrupt system, where wealth feeds on itself, and poverty does the same. He posted this on X, the platform Musk o…
Musk has becomes the world’s first trillionaire but can wealth concentration coexist with democracy?
On Friday, billionaire Elon Musk became the world’s first trillionaire. Musk’s company SpaceX raised $75 billion in its initial public offering, with his stake being valued at $866 billion. Bloomberg estimates that Musk’s net worth is $1.1 trillion.A trillion dollars is approximately equal to the annual economic output of Switzerland. It exceeds the gross domestic product of many countries with tens of millions of inhabitants. It is more money t…
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