Elon Musk’s Trillion-Dollar Pay Package Gets Shareholder Approval
Tesla shareholders have given a thumbs-up to a pay package for Elon Musk that could potentially make him the world's first trillionaire within the next decade. The term 'trillion' is so vast that it's almost impossible to grasp. It's equivalent to the entire Ivy League's endowments five times over, or a $2,923 bonus for every US resident. To put it into perspective, spending a billion dollars at a rate of $40 per second would last 289 days, while a trillion would last 792.5 years. Musk, already the world's richest person with a $475 billion fortune, could use a trillion dollars to buy every house in Hawaii, Coca-Cola plus a Coke for every person on the planet, or every car sold in the US this year. He could also acquire major automakers like Tesla, Volkswagen, and oil giants such as ExxonMobil. That's enough to buy 333 supertall skyscrapers, 2,000 Jeff Bezos yachts, or 465 Icon of the Seas cruise ships. It's even more than 1,428 peak Shohei Ohtanis or 10,000 Starbucks CEOs. To reach this milestone, Tesla and Musk need to increase Tesla's market capitalization by a staggering 466%. While the idea of a trillion dollars is mind-boggling, it's important to note that there's no publicly known individual with enough money to buy the Ivy League five times over. The combined endowment of all Ivy League universities exceeds hundreds of billions of dollars. As Musk's wealth continues to grow, the world watches in awe and anticipation.
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