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Elon Musk on pace to become world’s first trillionaire by 2027, report says (www.theguardian.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Elon Musk is on pace to become the world’s first trillionaire by 2027, according to a new report from a group that tracks wealth.

Informa Connect Academy’s finding about the boss of electric carmaker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) stems from the fact that Musk’s wealth has been growing at an average annual rate of 110%. He was also the world’s richest person, with $251bn, according to the Bloomberg Billionaires Index, as the academy’s 2024 Trillion Dollar Club report began circulating Friday.

The academy’s analysis suggested business conglomerate founder Gautam Adani of India would become the second to achieve trillionaire status. That would reportedly happen in 2028 if his annual growth rate remains at 123%.

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[–] [email protected] 34 points 2 months ago* (last edited 2 months ago) (1 children)

Not only is it stupid for exaggeration but for also glossing over the idea that it's logical, sensible or moral for any person to own so much wealth that they would never be able to enjoy even just 1% of that during a single lifetime.

It's completely absurd also from the thought that as one person owns enough wealth to pay for the lives of millions of people .... millions of people are living in complete poverty and starvation.

We look through ancient history and laugh at the thought of our ancestors who worshipped kings, queens, god men, emperors and all powerful leaders .... we're still doing the same thing.

These thoughts don't just reflect on people like Musk but on all of us for thinking and accepting that this is all normal behavior for what we all like to think is a modern sophisticated society.

[–] [email protected] 1 points 2 months ago

I hate it, and I think the wealth he hoards should be used on social services and the people who need I'm billionaires, let alone trillionaires, should not exist, millionaires are on thin ice. But what are we to do? Is it possible for me to change the culture where I live so that people no longer worship him? According to your statement, no, we have always been this way. So what then? Do nothing for fear I'll be the lone ranger and promptly arrested? The State has the keys, and as long as people are divided so much so that we can't agree its not okay for people to have so much of our single resource pie, we will live with the State's decree that billionaires deserve to exist.