Elon Musk, founder of SpaceX, appears on screen in Times Square during the company's initial public offering at the Nasdaq MarketSite on June 12 Alamy Stock Photo

Should trillionaires exist?

Elon Musk became the world’s first trillionaire during the week.

ELON MUSK BECAME the world’s first trillionaire during the week after investors piled into SpaceX during the biggest stock market debut in history, adding hundreds of billions of dollars to the tech billionaire’s fortune in a matter of hours.

Shares in Musk’s rocket, satellite and artificial intelligence conglomerate surged after the company raised $75 billion (€64.84 billion) in a record-breaking initial public offering on Friday, pushing Musk’s estimated net worth above $1 trillion (€864.53 billion).

If someone saved €1,000 every day, it would take almost 2.74 million years to accumulate €1 trillion.

A new Oxfam analysis suggested Musk may now be richer than the poorest 46% of the world, raising concerns about inequality.

So, today we’re wondering, do you think trillionaires should exist?


Poll Results:

No (8275)
Yes (1364)
No opinion/not relevant  (636)

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