Over the weekend, Elon Musk became the world’s first trillionaire.

It came after his company, SpaceX, was publicly listed, reaching a valuation of more than two trillion dollars.

Elon’s wealth is now the equivalent of the bottom one-third of the entire globe’s population. It’s more than the entire annual GDP of Belgium, Sweden or Ireland.

But while some are celebrating Musk’s milestone, for others it’s jarring to see in the hands of someone who uses their power for political purposes – and at a time where so many are living with so little.

Today, author of Stinking Rich: The Four Myths of the Good Billionaire, Carl Rhodes, on what the world’s first trillionaire means for the distribution of power and wealth.



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Guest: Author of Stinking Rich: The Four Myths of the Good Billionaire, Carl Rhodes

Photo: REUTERS/Mike Segar

Over the weekend, Elon Musk became the world&rsquo;s first trillionaire.
It came after his company, SpaceX, was publicly listed, reaching a valuation of more than two trillion dollars.
Elon&rsquo;s wealth is now the equivalent of the bottom one-third of the entire globe&rsquo;s population. It&rsquo;s more than the entire annual GDP of Belgium, Sweden or Ireland.
But while some are celebrating Musk&rsquo;s milestone, for others it&rsquo;s jarring to see in the hands of someone who uses their power for political purposes &ndash; and at a time where so many are living with so little.
Today, author of&nbsp;Stinking Rich: The Four Myths of the Good Billionaire, Carl Rhodes, on what the world&rsquo;s first trillionaire means for the distribution of power and wealth. 
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Author of Stinking Rich: The Four Myths of the Good Billionaire, Carl Rhodes
Photo:&nbsp;REUTERS/Mike Segar

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

Elon the trillionaire: What Musk’s milestone means for the world

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/0f2e95ee-29d0-4ef4-b456-b46b00607581/transcript