What It Means for Elon Musk to Be Worth $1 Trillion - The New York Times

kept by eddie jun 13

A visualization using physical dollar bills demonstrates the immense scale and purchasing power of a $1 trillion net worth.

Billionaires’ Billions Are Increasing Faster Than Ever
Wealth concentration among billionaires is accelerating due to asset growth outpacing economic expansion, illustrated by Elon Musk's trajectory toward trillionaire status.
also on #wealth, #inequality, Elon Musk
A Guide to the Biggest Winners From the SpaceX IPO - WSJ
SpaceX's IPO creates trillionaire Elon Musk and big paydays for executives, venture capitalists, and college endowments holding stakes.
also on #wealth, Elon Musk
Being poor vs. being broke
The piece distinguishes being broke as a temporary financial setback from being poor as a persistent lack of resources and options, arguing that standard advice for escaping broke is ineffective for chronic poverty.
also on #inequality, #personal-finance
Alex Imas and Phil Trammell – What remains scarce after AGI?
Economists argue that after AGI, scarcity may shift to human-relational services, but the labor share's fate depends on whether new capital varieties prevent satiation.
also on #inequality, #economics