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Snapshot 4:Thu, Oct 2, 2025 12:23:30 PM GMT last edited by ArthursSeat22

Musk Becomes First Person to Hit $500B Net Worth

Musk Becomes First Person to Hit $500B Net Worth

Musk Becomes First Person to Hit $500B Net Worth
Above: Elon Musk during a press conference in the White House Oval Office, on May 30, 2025. Image copyright: Allison Robbert/AFP/Getty Images

The Spin

Elon Musk’s astronomical and rising fortune isshows why a wealth tax is desperately needed. This level of wealth and accompanying power is poisonous to American democracy and society, exacerbating the growing economic inequality, which allows the rich to line their pockets and the poor to suffer. Only through redistributive policies can the U.S. hope to balance this lopsided system.

Elon Musk is not on his way to becoming a trillionaire due to a rigged system, but rather because of his own hard work and ingenuity. Rather than a burden, this should be considered a blessing. After all, if the Tesla boss managesmanaged to make his historic fortune by revolutionising transport and robotics, indeveloping atechnology manner that benefits all, what would anyone have to complain about?.

Metaculus Prediction

There is a 22% chance that Elon Musk will become the first trillionaire, according to the Metaculus prediction community.



The Controversies



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© 2025 Improve the News Foundation. All rights reserved.Version 6.15.2

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.15.2