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The world has got its first trillionaire. Elon Musk crossed the historic USD 1 trillion mark after SpaceX’s record-breaking IPO, the largest public offering ever. The milestone has put Musk in a league of his own and created a fortune so vast that it is difficult to imagine. To put it into perspective, if his entire wealth were distributed equally among the world’s population, every person would receive a significant sum. His fortune is also larger than the economies of most countries and enough to buy millions of homes.
How much money would everyone on earth get?
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According to the latest estimates, the world’s population stands at around 8.2 billion. If Musk’s USD 1 trillion fortune were divided equally among everyone on the planet, each person would receive approximately USD 122, or nearly Rs 10,300.
How far would the cash stretch?
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If USD 1 trillion in cash were laid end to end, the line would stretch about 97 million miles (156 million kilometres). That’s farther than the average distance between Earth and the Sun. It could also wrap around the Moon more than 200 times.
Musk’s wealth is larger than which economies?
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According to IMF estimates, South Africa’s economy is worth roughly USD 480 billion annually. Musk’s fortune would therefore be more than twice the GDP of his birth country. In fact, only a handful of countries have economies larger than USD 1 trillion.
How much is USD 1 trillion in practical terms?
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With the average US home costing around USD 403,200, Musk’s trillion-dollar fortune could purchase nearly 2.5 million homes outright. That’s enough housing to accommodate populations larger than many major cities.
How much richer has he become?
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The gap between Musk and the rest of the billionaire club is enormous. Even if the fortunes of Larry Page, Sergey Brin, Jeff Bezos and Larry Ellison were combined, they would only roughly match Musk’s estimated USD 1 trillion net worth.