"The SpaceX and Tesla CEO is by far the richest person in the world. Per the Bloomberg Billionaires Index, he is worth $668 billion. The second-richest person in the world, Larry Page, is worth $285 billion. Musk's wealth has soared by $49 billion since the start of the year, buoyed by SpaceX's high valuation and news of its merger with his AI startup, XAI."
"David Bartram, an associate professor of sociology at the University of Leicester, told Business Insider that while wealth and happiness are linked, "It's very much a matter of 'diminishing returns.'" 'Once you've got a few million, anything extra is meaningless for happiness,' he said. Bartram said for the very wealthy, 'happiness is probably best achieved by having a sense that you've done some good in the world, and that you've treated people around you with care and kindness. It's not exactly rocket science.'"
Elon Musk posted on X that "Whoever said 'money can't buy happiness' really knew what they were talking about," accompanied by a sad-face emoji. Musk ranks as the world's richest person, with a Bloomberg estimate of $668 billion and a $49 billion increase this year driven by SpaceX valuation and merger news with XAI. Research links rising income to greater happiness but finds diminishing returns after a few million. For the ultrawealthy, additional income yields little extra happiness; meaning often derives from doing good, treating others with care, and cultivating a sense of positive impact.
Read at Business Insider
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