If he reached a fortune of $1 trillion, Mr. Musk could buy the entire Swiss economy…
Billionaire Elon Musk – Photo: Bloomberg.
Last week, Tesla shareholders approved a $1 trillion compensation package for the electric car company’s CEO, Elon Musk, who is currently the richest billionaire on the planet.
If Musk manages to achieve the capitalization and profit targets in the compensation package, he will become the first person in the world to reach the trillion-dollar mark within the next decade.
Currently, Musk has a net worth of $449 billion – according to data from the Bloomberg Billionaires Index. If this asset reaches $1 trillion, it will be a level of wealth that is difficult to spend in a lifetime.
According to a 2020 estimate by expert Jerry Pacheco of media company KRWG, if spending $40 every second, it would take a person 289 days to spend $1 billion. With $1 trillion at that rate, it would take a person 792.5 years to spend it all.
According to CNN Money, here are some of the things Musk could buy if he became a “trillionaire”:
1,428 baseball players Shohei Ohtani at his peak: Ohtani, considered the greatest baseball player of all time, signed a 10-year, $700 million contract with the Dodgers.
All the cars sold in the US this year: Cox Automotive predicted in September that new car sales in the US could reach 16.1 million by 2025.
10,000 CEOs of the Starbucks coffee chain: Starbucks CEO Brian Niccol is paid nearly $100 million a year.
333 skyscrapers: The JPMorgan Chase headquarters building on Park Avenue, New York, costs $3 billion. $1 trillion could buy 333 such buildings.
2,000 yachts of billionaire Jeff Bezos: The 127-meter yacht Koru owned by Mr. Bezos, the third richest person in the world, costs $500 million. However, owning such a yacht also requires $25 million in maintenance and operating costs each year.
465 Icon of the Seas ships: This is the world’s largest cruise ship, and the number of such ships is equal to the number of ships in the US Navy.
The entire group of prestigious American Ivy League universities: The total value of the endowments of the eight most famous American universities – often called the Ivy League group – is about $200 billion.
A $2,923 bonus for every person in the US: According to the US Census, the US population in 2025 is more than 342 million people. $1 trillion is enough to give every American $2,923.
The entire Swiss economy: Switzerland’s gross domestic product (GDP) in 2024 is approximately $900 billion.
All the homes in Hawaii: There are 572,781 homes in Hawaii, according to real estate site Zillow. The average price of each home is $826,575.
Coca-Cola adds a pack of Coke to every person on Earth: Coca-Cola’s market capitalization is about $300 billion, and the remaining amount is still enough to buy 8.2 billion people on Earth a 12-pack of Coke.
Toyota, Volkswagen, Stellantis, Hyundai, Ford, and GM: $1 trillion would be enough to buy them all if you count their market capitalizations.
The three largest US oil companies, ExxonMobil, Chevron, and ConocoPhillips: The combined market capitalization of these three companies is now around $920 billion
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