Think Musk the billionaire was bad? Brace yourself for Musk the trillionaire | Arwa Mahdawi
Summary
Elon Musk, the owner of Twitter/X and CEO of SpaceX, is about to become the world’s first trillionaire after a SpaceX stock sale. His wealth gives him significant power and influence, including a large political impact in the U.S. and involvement in government decisions.Key Facts
- Elon Musk acquired Twitter/X for $44 billion.
- A 2024 study shows wealth can increase happiness by giving people more control over their lives.
- Musk’s net worth jumped from $270 billion in late 2022 to nearly $1 trillion in 2024.
- One trillion dollars is a million million, or $1,000,000,000,000.
- Musk gave $290 million to President Donald Trump and Republican campaigns in 2024.
- He has influenced government policy and attended White House meetings.
- Musk led a government efficiency initiative that cut funding and jobs, with reported negative effects on foreign aid and public health.
- The Supreme Court’s 2010 Citizens United decision allows unlimited political spending by corporations and wealthy individuals like Musk.
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