The World's First Trillionaire Has Emerged 0 14

Musk has become the first trillionaire in history. He is richer than nearly 4 billion people combined, reports RTVI US.

The 54-year-old founder of the aerospace corporation SpaceX became the world's first trillionaire after the company's IPO (Initial Public Offering). The firm's shares, starting trading under the ticker SPCX, rose in price from an initial $135 to $150 each.

Now Musk is richer than 46% of the world's poorest population — a total of 3.8 billion people, notes CBS News. Currently, only 19 countries in the world have a GDP exceeding $1 trillion — for example, the USA, China, Russia, Japan, and Germany.

Musk's wealth is now roughly equal to the combined wealth of the four richest people in the world — Jeff Bezos, Larry Page, Sergey Brin, and Larry Ellison.

At the same time, Musk's wealth partly depends on SpaceX achieving ambitious goals, including landing people on Mars. For this reason, at the moment, the entrepreneur is a trillionaire only "on paper."