5 Things Elon Musk Could Do Now That He’s the World’s Richest Person – Futurism

Congratulations are in order for Elon Musk, who as of Thursday is the wealthiest person on the planet, with a net worth of around $188.5 billion.

On Thursday, the SpaceX and Tesla CEO tweeted that he was open to suggestions for what to do with his immense wealth, especially ways to donate money that really make a difference.

So we came up with some ideas for how to spend Musks money for the betterment of humanity and the planet, just in case hes reading. And to be fair, none of these ideas are too outlandish for a multi-billionaire who once launched a sports car into space.

Unfortunately, the German government calculated the cost of ending world hunger in October, according to The Guardian, and at $330 billion, its still a teensy bit outside Musks grasp. But ending hunger in the U.S. would be considerably cheaper, at about $25 billion worth of direct payments and investments in social safety nets.

Since Musks personal wealth has increased by over $160 billion during the pandemic alone, thats just a drop in the bucket for him!

Based on Musks own 2019 estimate, it will cost passengers between $100,000 and $500,000 for a one-way ticket to their new life on Mars.

Assuming, of course, that cost is the only factor here and that all of the logistical and medical challenges have been surmounted, Musk could now personally sponsor somewhere between 377,000 passengers (at $500,000 per ticket) and 1,885,000 passengers at ($100,000 per ticket) to their new homes on the Red Planet.

According to the latest data provided by the Department of Education, public universities and other post-secondary institutions in the U.S. collected $81.3 billion in tuition and fees during the 2017-2018 school year.

While that number has likely gone up since then, our back-of-the-envelope calculation indicates that, with some wiggle room, Musk could chip in and cover about two years of education for every American student already at a public university. Or maybe just one year. Either way, itd be a nice gesture.

What better way is there to realize the ultimate goal of clean transportation than to directly pluck gas-burning cars off the street? At about $37,990 a pop, Elon Musk can now afford to buy over 4.96 million 2021 Tesla Model 3s and give them directly to those who cant afford them. Of course, even thats assuming that Musk doesnt get some sort of CEO discount.

Hopefully this one is self-explanatory.

More on Elon Musk: Elon Musk Is Now Officially The Wealthiest Person on Earth

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5 Things Elon Musk Could Do Now That He's the World's Richest Person - Futurism