The wealth of Elon Musk, the richest man on Earth, is $175 billion. How much would each person in the world share if Musk decided to distribute his wealth across the planet?
The planet’s population has exceeded 8 billion people, according to a UN report published on November 15, 2022, according to estimates by the United Nations Population Division.
According to the Bloomberg Billionaires Index, as of December 10, 2022, Elon Musk’s net worth is $175 billion.
By calculating the division of Elon Musk’s wealth of $175 billion by the Earth’s estimated population of 8 billion, the share of each billion people out of the eight billion is about $21.875 billion.
The share of everyone in the world from Musk’s wealth
If the share of each person is divided by the share of one billion people from Musk’s wealth, which is estimated at about ($ 21.875 billion), then the share of everyone in the world from Musk’s wealth is about $ 21.87.
The world population exceeds 8 billion
The Secretary-General of the United Nations said in a statement: This threshold – the population of the planet has passed 8 billion – is an opportunity to celebrate diversity and evolution, while observing the shared responsibility of humanity towards the planet.
The United Nations attributed the population growth in the world to the great development of humanity, as people are living longer thanks to the improvement of public health services, nutrition, personal hygiene and medicines.
It is also the result of high fertility rates, especially in the world’s poorest countries, most of which are in sub-Saharan Africa, which puts development goals at risk.
The United Nations confirmed that population growth has exacerbated the environmental repercussions of economic development, but while some fear that the number of eight billion people will exceed the capabilities of the planet, most experts point out that the biggest problem lies in the excessive consumption of resources by the richest people.