From billion to trillion: What Musk’s fortune says about a world out of balance | The Front Page
While the world ponders whether being a billionaire is ethical in these challenging times, another potential dilemma has arisen... trillionaires.Elon Musk is on track to become the world’s first trillion-dollar man after Tesla shareholders approved a pay package for the founder in the form of additional company shares over the next decade.
CNN reported that the addition of 423.7 million shares over the next 10 years could equate to earning US$275 million ($484m) a day.
It comes at a time when billionaire wealth has surged three times faster last year than the year before, while the number of people living in poverty has barely changed since 1990.
Host: Chelsea Daniels
Editor/Producer: Richard Martin
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