THE Elon Musk has dethroned the Bezos, having the largest fortune compared to any other human on the planet. According to the Forbes list of billionaires, the founder of Tesla has raised $ 219 billion, far exceeding the president of Amazon, whose fortune now stands at $ 171 billion.
Even more important though is that according to his calculations Statistathere is no way for the average person in the US to accumulate in his life a fortune of equal value to Musk, while working in a normal job.
For example, in order for the average U.S. citizen to accumulate such wealth, they would have to work for three million years with an average annual salary of $ 69,392, according to OECD figures for 2020. Similarly, Germans with a salary of $ 53,475 would have to to work for 900,000 years to reach the fortune of German businessman Dieter Schwarz, owner of Schwarz Gruppe, which manages Lidl, among others.
According to the Fed of St. Louis, the median income for each individual is $ 35,805 in the US, which means that to reach Musk’s fortune one has to work 6.1 million years.
Respectively, Changpeng Zhao, of Chinese and Canadian descent, has amassed a fortune of $ 55 billion. To get the assets of the CEO of Binance, the world’s largest cryptocurrency platform, Canadians will have to work for 1.2 million years.
The fortunes of the richest people in the world are reaching astronomical heights for the West, but an even bigger gap is observed in the countries with the lowest per capita income, such as China and India. Indicatively, Indians with an average income of about $ 5,000 must work at least 17 million years to reach the fortune of Mukesh Ambani, executive director of the multinational Reliance Industries, which amounts to $ 91 billion.
Money Review
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