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Trillionaire in the Making: How Tesla turbocharged Musk's fortune and US inequality

As of February 2026, Elon Musk’s net worth is already nearing $900 billion. He is just under $200 billion shy of reaching trillionaire status. A key driver of Musk’s extreme wealth in recent years is his ownership of Tesla, a company whose conduct has profoundly and systemically contributed to wealth and power inequality in the U.S.

Publisher

Oxfam America

Publication date

Publication type

Briefing paper