While the world ponders whether being a billionaire is ethical in these challenging times, another potential dilemma has arisen... trillionaires.

Elon Musk is on track to become the world’s first trillion-dollar man after Tesla shareholders approved a pay package for the founder in the form of additional company shares over the next decade.

CNN reported that the addition of 423.7 million shares over the next 10 years could equate to earning US$275 million ($484m) a day.

It comes at a time when billionaire wealth has surged three times faster last year than the year before, while the number of people living in poverty has barely changed since 1990.

Figures from Oxfam’s January global inequality report showed global billionaire wealth grew by $2t in 2024 alone. In Aotearoa New Zealand, billionaire wealth increased by $5b ($12m per day).

In 2024, the number of billionaires rose to 2,769, up from 2,565 in 2023.

Oxfam’s Nick Henry joins The Front Page to discuss wealth generated by accumulating the benefits of work that other people do.

While the world ponders whether being a billionaire is ethical in these challenging times, another potential dilemma has arisen... trillionaires.
Elon Musk is on track to become the world&rsquo;s first trillion-dollar man after Tesla shareholders approved a pay package for the founder in the form of additional company shares over the next decade.
CNN reported that the addition of 423.7 million shares over the next 10 years could equate to earning US$275 million ($484m) a day.
It comes at a time when billionaire wealth has surged three times faster last year than the year before, while the number of people living in poverty has barely changed since 1990.
Figures from Oxfam&rsquo;s January global inequality report showed global billionaire wealth grew by $2t in 2024 alone. In Aotearoa New Zealand, billionaire wealth increased by $5b ($12m per day).
In 2024, the number of billionaires rose to 2,769, up from 2,565 in 2023.
Oxfam&rsquo;s Nick Henry joins <a href="https://www.iheart.com/podcast/1049-the-front-page-30038501/?pname=nzh_web&amp;sc=podcast_show">The Front Page</a> to discuss wealth generated by accumulating the benefits of work that other people do.

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future.

Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. 

Subscribe now so you never miss an episode.

Go beyond the headlines with The Front Page, the New Zealand Herald&rsquo;s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what&rsquo;s happening in our own backyard to global events shaping our future.
Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture.&nbsp;
Subscribe now so you never miss an episode.

Every day, The Front Page takes you behind the scenes of the biggest story from the New Zealand Herald. Hosted by Damien Venuto

The Front Page

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news analysis podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. Subscribe now so you never miss an episode.

Go beyond the headlines with The Front Page, the New Zealand Herald&rsquo;s daily news analysis podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what&rsquo;s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. Subscribe now so you never miss an episode.

From billionaire boom to trillionaire threat

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9c3f284a-68e0-4315-a7e0-b398003d7a4b/transcript

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