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Elon Musk is on his way to becoming the world’s first trillionaire. Tesla’s new $1 trillion bonus plan could lead to a tremendous increase in his wealth. According to the report, if Tesla reaches its target, the company’s valuation could go up to $8.5 trillion. With this, Musk’s net worth will cross 1 trillion dollars, which no human has achieved till now.
New DelhiThe world’s richest person Elon Musk is now preparing to create history. According to the latest report, Musk can become the world’s first trillion dollar man through Tesla’s new bonus and share package. If everything goes according to plan, then in the next few years his total wealth can reach 1 trillion dollars i.e. about Rs 84 lakh crore. According to this report, this stock package received by Musk is considered to be the largest in any corporate history so far. According to an NDTV report, if Musk becomes a trillionaire, his wealth will be bigger than the entire economy of many countries. For example, their net worth will exceed the GDP of countries like Indonesia, Netherlands, Switzerland and Saudi Arabia. That is, Musk alone will have as much wealth as an entire developed country.
In fact, the Tesla board has created a performance-based incentive structure in which if the company achieves certain financial targets, Musk will receive shares worth billions of dollars. According to the report, the goal of this plan is to take Tesla to a market value of $ 8.5 trillion. This figure is almost 8 times more than today. If this happens, not only the company but also Musk’s net worth will increase explosively. Analysts believe that with this bonus package, Musk’s personal wealth alone could cross $1 trillion.
already own 13%
Musk already owns about 13% of Tesla shares. If the valuation of the company increases, then the value of their existing shares will also increase manifold. Apart from this, through this new package, he will also get additional shares, which will directly skyrocket his net worth. However, the report also says that all this wealth and valuation could deepen global inequality. The United Nations World Food Program (UN WFP) had earlier said that about $ 40 billion is needed every year to eradicate hunger in the world, which is only a small part of Musk’s potential bonus.
What is criticism?
Critics say that while on one hand the whole world is struggling with inflation and unemployment, on the other hand the wealth graph of billionaires like Musk is skyrocketing. However, supporters argue that Tesla’s innovation and Musk’s ability to take risks are what is leading the world in electric vehicles and AI technology. If Tesla achieves its goals, Elon Musk could become the first person in history to have a net worth of more than $1 trillion.
