• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Business

Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire | Fortune

by
June 12, 2026
in Business
0
Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire | Fortune
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



AP26163502806572 e1781277055515

Catapulted by the market debut of his rocket company SpaceX, Elon Musk could become the world’s first trillionaire by the end of the day.

That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful of major economies — and, in the last decade alone, the value of some of the biggest companies to ever trade on the stock market.

Musk’s new title arrives amid a wider acceleration for the richest of the rich. Year after year, his former (although now very distant) billionaires club has reaped a growing number of members — from tech titans to celebrities. All the while, more and more people worldwide are struggling to pay their everyday bills. Many have decried the arrival of the first trillionaire as the latest and most alarming example of that wealth gap.

The number “one trillion” is hard in itself for the human mind to comprehend. One trillion dollars is a thousand times greater than $1 billion. And a million times more than $1 million.

Still, here are some ways to think about how far that amount of money could go.

To the moon and back, over 200 times

Thinking about what $1 trillion looks like is almost as astronomical as the interplanetary — and at this point, still far from realized — goals SpaceX has laid out for itself.

In terms of physical cash, one trillion U.S. dollar bills laid end to end would stretch nearly 97 million miles (or almost 156 million kilometers). That would account for the distance of more than 200 round trip journeys to the moon — which NASA says sits an average of 238,855 miles (nearly 384,400 kilometers) away from Earth. It would also surpass the roughly 93 million miles (about 150 million kilometers) between Earth and the sun.

$122 for every person on Earth

There are nearly 8.2 billion people living on Earth today, per the latest numbers from the U.S. Census Bureau. If $1 trillion was divided among the entire population, each person would receive almost $122.

Double the GDP of South Africa

One trillion dollars is more than double the annual GDP of South Africa, the country where Musk was born. According 2026 numbers from International Monetary Fund, the nation’s output of goods and services stands at nearly $480 billion.

Only about 21 countries in the world have a GDP over the trillion dollar mark today. The U.S. and China lead the pack at more than $32.38 trillion and $20.85 trillion, respectively, but that’s far ahead most other economies.

2.5 million homes in the US

Houses sold in the U.S. have a median sales price of about $403,200, per the latest numbers from the Federal Reserve Bank of St. Louis. With $1 trillion, you could buy nearly 2.5 million homes at that cost.

243 billion gallons of gas

At current U.S. gas prices — which averaged at nearly $4.11 a gallon Friday per AAA — $1 trillion could buy more than 243 billion gallons of regular fuel.

To help put that in context, that far surpasses the nearly 137 billion gallons Americans used on finished motor gasoline all last year. And prices at the pump were much less expensive in 2025. Steep oil prices, spanning from the U.S. and Israel’s ongoing war against Iran, propelled the national average above $4 a gallon for the first time in four years.

Over $700 billion ahead the world’s second richest person

According to Forbes, the second richest person in the world today is Google co-founder Larry Page — who carried a net worth of nearly $293 billion as of Friday morning. That’s $707 billion under the trillion dollar mark.

In fact, the combined net worth, as of Friday, of the four men following Musk on Forbes’ richest list — which, beyond Page, includes fellow Google co-founder Sergey Brin ($270 billion), Amazon’s Jeff Bezos ($251 billion) and Oracle’s Larry Ellison ($230 billion) — amounted to just over $1.04 trillion.

Those fortunes can oscillate by tens of billions of dollars by the day, or sometimes a matter of hours. Musk’s own net worth has rapidly ballooned in value. Just last year, his net worth sat at $342 billion per Forbes — up from $195 billion in 2024.

Tags: AfricaDoubleeconomyElonFortuneMusksNativeSouthtrillionaireWealthworlds
Previous Post

SpaceX cuts retail IPO allocation to low 20% range, source says

Next Post

Revised common application form for FPIs notified

Next Post
Revised common application form for FPIs notified

Revised common application form for FPIs notified

Stay Connected test

  • 137 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

July 18, 2023
As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

March 23, 2025
Why startups and tech giants are racing to build a practical quantum computer

Why startups and tech giants are racing to build a practical quantum computer

March 23, 2025
Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

March 23, 2025
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

5
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Trackk launches equity investing, F&O trading platform for young investors

Trackk launches equity investing, F&O trading platform for young investors

June 17, 2026
Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

June 17, 2026
XRP Eyes .20 Breakout As Upbit Flows Hit Highest Share Since May 2024

XRP Eyes $1.20 Breakout As Upbit Flows Hit Highest Share Since May 2024

June 17, 2026
Michael Burry says he’s tempted to bet against SpaceX, but passes on expensive options

Michael Burry says he’s tempted to bet against SpaceX, but passes on expensive options

June 17, 2026

Recent News

Trackk launches equity investing, F&O trading platform for young investors

Trackk launches equity investing, F&O trading platform for young investors

June 17, 2026
Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

June 17, 2026
XRP Eyes .20 Breakout As Upbit Flows Hit Highest Share Since May 2024

XRP Eyes $1.20 Breakout As Upbit Flows Hit Highest Share Since May 2024

June 17, 2026
Michael Burry says he’s tempted to bet against SpaceX, but passes on expensive options

Michael Burry says he’s tempted to bet against SpaceX, but passes on expensive options

June 17, 2026

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Trackk launches equity investing, F&O trading platform for young investors

Trackk launches equity investing, F&O trading platform for young investors

June 17, 2026
Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

June 17, 2026
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.