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It is said that the day Elon Musk becomes a trillionaire is also near, but actually, that's not the only thing worth paying attention to. What’s more interesting is that during his wealth accumulation process, thousands of millionaires and billionaires have been born.
A common misconception is that all of Musk’s assets are in cash. In reality, the majority of his net worth is in shares of Tesla and SpaceX. This is an important point. The stocks of these companies are not solely owned by him; rather, they are widely distributed. For example, over 80% of Tesla is held by retail investors, index funds, and pension funds.
Employees of both companies also receive stock options and shares. In other words, as these companies grow and increase in value, the benefits are not limited to Musk personally but extend to workers around the world, ordinary investors, and even funds managed through pensions.
Behind Musk’s path to becoming a trillionaire is this large-scale wealth creation mechanism in action. The growth story of tech companies isn’t just about the billionaires at the top; it’s really about the massive wave of wealth that spreads beneath them, which is the true story.