PEOPLE & SOCIETY • WEALTH CONCENTRATION
Friday morning the Nasdaq bell rang and something that had never happened in human history… happened. One person crossed the trillion-dollar line. Elon Musk. Net worth at Friday’s close: $1.14 trillion. The second-richest person on Earth is Google’s Larry Page at $292.7 billion. Musk is worth nearly four times that. His fortune alone is bigger than Page, Sergey Brin, and Jeff Bezos combined. If you’ve spent forty years building a portfolio… one IPO on one Friday just made one man worth more than the next three richest humans on the planet.
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His paper fortune on Friday was bigger than the next three richest people on Earth combined — by more than $300 billion.
