News Summary

• Elon Musk’s wealth is now greater than that of nearly four billion people combined.
• Oxfam predicted that the world would see its first trillionaire minted within 25 years.
• The minting of a trillionaire demands a reckoning with extreme inequality.
• Only government-backed structural reform can turn the tide, says Oxfam's Simon Tisdall.
• The u.s. should learn from how the US political system has enabled Musk's rise, he says, and not only in the United States.