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The trillionaire generation: Musk to Adani — list of billionaires who will likely be worth $1 trillion in next 10 years

<ul><li>A new analysis by Comparisun shows that Amazon founder, Jeff Bezos, will be the first billionaire to turn into a trillionaire by 2026 at the age of 62.</li><li>Mark Zuckerberg could be world’s youngest trillionaire at the age of 51 by 2036.</li><li>India’s richest man, Mukesh Ambani, will only become a trillionaire by 2033 when he will be 75 years old.</li></ul>Amazon’s Jeff Bezos is the richest man in the world with a net worth of $107.1 billion. Not only was he the first to ever hit the $100 billion mark, but he might be the first individual to reach the coveted $1 trillion mark. Using historical valuations of the world’s richest individuals, <a href="https://www.comparisun.com/resources/the-trillion-dollar-club/">Comparisun</a> — a content and comparison platform — calculated the time taken by the world’s richest to make their first trillion. The company used average yearly percentage growth over the last five years and applied to each future year to predict how each individual’s net worth would change. Among the 25 richest men in the world, only 11 stand a chance of becoming trillionaires within their lifetimes. Here's counting down the full list of billionaires who will become trillionaires and when they’ll hit their mark:

Here’s how long it will take the world’s richest billionaires to become trillionaires

<ul class="summary-list"><li><keyword id="191583" type="PERSON" weightage="60" keywordseo="Jeff-Bezos">Jeff Bezos</keyword> could become the world's first trillionaire by 2026 if his wealth continues growing at the 34% rate it has in recent years, according to an analysis from <a href="https://www.comparisun.com/resources/the-trillion-dollar-club/">Comparisun</a>.</li><li>That's before accounting for the coronavirus pandemic, which has sent the value of his <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> shares soaring, and despite the roughly $38 billion he lost in his recent divorce settlement.</li><li>Bezos is currently worth an estimated $143 billion, thanks to a $28 billion bump in 2020, according to <a href="https://www.bloomberg.com/billionaires/">Bloomberg</a>.</li><li>Bezos' wealth is growing rapidly as Amazon faces increasing criticism from <a href="https://www.businessinsider.com/amazon-walmart-fedex-target-instacart-whole-foods-workers-strike-coronavirus-2020-4">employees</a> and <a href="https://www.businessinsider.com/rashida-tlaib-debbie-dingell-amazon-warehouse-investigation-2020-5">lawmakers</a> over its labor practices, and as the company <a href="https://www.businessinsider.com/amazon-dropping-covid-19-hazard-pay-warehouse-workers-may-2020-5">ended its $2 hourly pay raise</a> for warehouse workers during the pandemic.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>If Jeff Bezos' personal fortune keeps growing at its current rate, he could become the world's first trillionaire by 2026 at the age of 62, according to an analysis from software review site <a href="https://www.comparisun.com/resources/the-trillion-dollar-club/">Comparisun</a>.Bezos' wealth has been increasing at an average yearly rate of 34% over the past five years, according to Comparisun, and that's despite turning over Amazon shares <a href="https://www.businessinsider.com/jeff-mackenzie-bezos-divorce-official-settlement-38-billion-2019-7">worth an estimated $38 billion</a> to his ex-wife, MacKenzie Bezos, as part of their recent divorce settlement.Comparisun looked at 25 of the world's richest individuals and found that only 11 had a realistic shot at becoming trillionaires during their lifetime. Bezos will likely get there first, but Facebook CEO Mark Zuckerberg could be the youngest, with his current growth rate on pace to put him in the four-comma club by 2036, when he would be 51.<div type="image" title="comparisun trillionaires bezos" height="841" width="1000" msid="75747162" hostid="261"></div>Comparisun used <a href="https://www.forbes.com/billionaires/#4151f939251c">Forbes' Billionaire List</a> to determine Bezos' personal wealth, but it pulled data from September 2019, meaning its analysis also doesn't account for gains Bezos has seen during the coronavirus pandemic, which has caused Amazon's stock to skyrocket as more people turn to online shopping.Bezos is currently worth around $138 billion and has seen his fortune grow by $28.3 billion so far in 2020, according to <a href="https://www.bloomberg.com/billionaires/">Bloomberg</a>.Bezos isn't alone there. While the coronavirus has ravaged the economy, forcing <a href="https://www.businessinsider.com/us-weekly-jobless-claims-unemployment-filings-recession-labor-market-coronavirus-2020-5">36 million Americans</a> to file for unemployment over the past two months, US billionaires quickly saw their collective wealth rebound by $282 billion, roughly 9.5%, between March 18 (close to when the stock market hit its low point) and April 10, according to a report from the <a href="https://ips-dc.org/wp-content/uploads/2020/04/Billionaire-Bonanza-2020.pdf">Institute for Policy Studies</a>.At the same time Amazon's success continues to boost Bezos' personal fortune, the company is facing growing criticism of its treatment of workers during the pandemic, including its recent move to <a href="https://www.businessinsider.com/amazon-dropping-covid-19-hazard-pay-warehouse-workers-may-2020-5">drop a $2 per hour pay raise</a> for warehouse employees. Workers have staged <a href="https://www.businessinsider.com/amazon-walmart-fedex-target-instacart-whole-foods-workers-strike-coronavirus-2020-4">multiple protests</a> over <a href="https://www.businessinsider.com/amazon-fires-warehouse-worker-led-strike-protest-covid19-cornavirus-response-2020-3">working conditions</a> in recent weeks as the number of COVID-19 cases <a href="https://www.businessinsider.com/workers-say-amazon-hasnt-shared-full-covid-19-cases-with-employees-2020-4">potentially surpassing 400</a> (Amazon has refused to share official numbers).Lawmakers and regulators are also turning a closer eye on the company. <a href="https://www.businessinsider.com/nyc-mayor-orders-investigation-amazon-warehouse-worker-firing-coronavirus-protest-2020-3">Officials in New York City</a> and the <a href="https://www.businessinsider.com/amazon-nlrb-inquiries-workers-protests-coronavirus-warehouse-conditions-2020-4">National Labor Relations Board</a> are both looking into Amazon's firing of whistleblowers, while Democratic lawmakers recently <a href="https://www.businessinsider.com/rashida-tlaib-debbie-dingell-amazon-warehouse-investigation-2020-5">called for a federal investigation</a> into warehouse conditions.Read the original article on <a href="https://www.businessinsider.com/jeff-bezos-on-track-to-become-trillionaire-by-2026-2020-5">Business Insider</a>

Jeff Bezos is on track to become a trillionaire by 2026 — despite an economy-killing pandemic and losing $38 billion in his recent divorce

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Mario Tama/Getty Images</div></div></div>Jeff Bezos may be $910.7 billion away from becoming the world's first trillionaire, but research suggests he's closer than some might think.A recent Oxfam report on wealth and inequality, entitled <a href="https://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/bp-economy-for-99-percent-160117-en.pdf">"An economy for the 99%,"</a> found super-rich people like Bezos, Bill Gates, and Warren Buffett have seen their wealth collectively grow by huge margins over the last decade. Within the next 25 years, Bezos' wealth could jump like never seen before.According to Oxfam's report, there were 793 billionaires worldwide in 2009. Added up, their net worths totaled $2.4 trillion. By 2016, the richest 793 people maintained net worths of $5 trillion - an annual growth of 11%."If these returns continue, it is quite possible that we could see the world's first trillionaire within 25 years," the report stated.In other words, Oxfam estimates that if trends hold, Bezos - whose momentary net worth of $92.3 billion briefly <a href="http://www.forbes.com/billionaires/list/#version:realtime">led the pack</a> on Bloomberg's Billionaire Index on Thursday, before <a href="https://www.theverge.com/2017/7/27/16052792/amazon-q2-2017-earnings-jeff-bezos-worlds-richest-person-title">Gates reclaimed</a> the top spot - could stand alone on future lists of "The World's Trillionaires."The question that remains is whether either of the two men will try to keep increasing their wealth or <a href="http://www.businessinsider.com/jeff-bezos-richest-person-philanthropy-2017-7">put a chunk of it toward</a> philanthropic efforts. Gates, at least, doesn't seem to want the "world's first trillionaire" distinction. Since leaving Microsoft in 2006, he has devoted his time and resources to eradicating infectious disease and improving education worldwide through the Bill and Melinda Gates Foundation.In partnership with Warren Buffett, Gates and his wife <a href="http://www.businessinsider.com/billionaires-giving-away-their-money-2015-10/#warren-buffett-pledged-to-give-away-more-than-99-of-his-riches-and-has-already-donated-over-215-billion-4">have created the Giving Pledge</a> for other billionaires who want to help public causes by giving away part or most of their fortunes.Bezos, meanwhile, has made no such commitments. He hasn't signed the Giving Pledge and doesn't involve himself with the Bezos Family Foundation, which his parents run. Recently, he <a href="https://twitter.com/JeffBezos/status/875418348598603776">made an open call on Twitter</a> for ways to make lasting impact through short-term philanthropy, but he hasn't announced that he'll be pursuing any particular ideas.Bezos' greatest efforts to create social change have come through his business ventures. It was evident in his buying The Washington Post in 2013, as he <a href="http://www.businessinsider.com/how-the-washington-post-changed-after-jeff-bezos-acquisition-2016-5">quickly turned it</a> into a lean, digital journalism powerhouse - something other large news organizations have struggled to do. Similarly, Amazons <a href="http://www.businessinsider.com/jeff-bezos-is-close-to-overtaking-bill-gates-as-worlds-richest-person-2017-6">agreement</a> to buy Whole Foods may hint at Bezos' desire to reinvent the food industry's supply chain. (At the very least, he <a href="https://www.forbes.com/sites/michelinemaynard/2017/06/22/alice-waters-advice-to-jeff-bezos-revolutionize-whole-foods/#8d7ae0d3739c">has the opportunity</a> to do so.)As Oxfam suggests, Bezos may beat Gates in the race to 13 digits because wealth is incredibly hard to shrink once someone is so rich that spending is no longer an option. It's doubly easier for someone like Bezos, who is still actively trying to grow richer."The super-rich can achieve returns that are not available to the ordinary saver," the report stated, "helping the gap to grow between the wealthy and everyone else." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/bill-gates-deadly-epidemic-real-possibility-not-prepared-davos-wef-2017-1">BILL GATES: A deadly epidemic is a real possibility and we are not prepared</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="swYnEwOTE6iz9rCfYINf3tu_SdfSyZsA" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Jeff Bezos could be the world's first trillionaire by 2042

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Hello there! How rich is Elon Musk? If things keep heading in the right direction for the Tesla CEO, he'll become the world's first trillionaire by 2027. <a target="_blank" href="https://www.businessinsider.com/elon-musk-trillionaire-first-2027-tesla-wealth-money-2024-9">And a few others aren't far behind</a>.In today's big story, it's a <a target="_blank" href="https://www.businessinsider.com/trump-harris-presidential-debate-preview-2024-9">presidential showdown in Philadelphia</a>. But some people on Wall Street are already fed up.What's on deck:<ul><li>Markets: Higher education meant higher returns <a target="_blank" href="https://www.businessinsider.com/wall-street-private-equity-billions-college-students-for-profit-college-2024-9">for one corner of Wall Street</a>.</li><li>Tech: Everything you want to know about <a target="_blank" href="https://www.businessinsider.com/apple-event-iphone-16-announcement-live-updates-2024-9">the newest Apple gadgets that just got announced</a>.</li><li>Business: Starbucks' new CEO just started, which could mean <a target="_blank" href="https://www.businessinsider.com/new-starbucks-ceo-brian-niccol-could-change-c-suite-menu-2024-8">big changes to the coffee chain</a>.</li></ul>But first, you have two minutes, and your time starts now.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Let's debate</h2><div type="image" title="A crowd of people watching Donald Trump and Kamala Harris on TV" height="1000" width="2000" msid="113231925" hostid="261" sizebytes="163930"></div>Kamala Harris and Donald Trump will face off on the debate stage tonight, exactly eight weeks before their official showdown on the ballot.The debate, which will be held in Philadelphia and starts at 9 p.m. ET, will be the first time the vice president and former president meet in person. Business Insider's Brent D. Griffiths has a rundown on <a target="_blank" href="https://www.businessinsider.com/trump-harris-presidential-debate-preview-2024-9">everything you need to know heading into tonight</a>.It's a high-stakes showdown, as Harris' emergence has turned <a target="_blank" href="https://www.businessinsider.com/steve-eisman-donald-trump-2024-election-prediction-kamala-harris-biden-2024-9">what once may have seemed</a> like a surefire Trump win <a target="_blank" href="https://www.businessinsider.com/harris-trump-momentum-presidential-race-debate-polls-2024-9">into essentially a dead heat</a>, writes BI's John L Dorman. A newly released Times/Siena poll shows Trump holding just a one-point advantage over Harris among likely voters.So, what's the game plan for the candidates?For Trump, the focus will likely be the economy, which is a high priority for voters and also a sore spot for Harris. The latest Times poll showed Trump (55%) held a big advantage over Harris (42%) regarding who would be better equipped to handle the economy.And, in typical Trump fashion, expect some name-calling. ("Communist" is his go-to jab for Harris.) Trump will also likely target Harris' <a target="_blank" rel="noopener" href="https://www.businessinsider.com/trump-harris-debate-strategy-close-election-response-matters-2024-9">biggest vulnerabilities</a>, which may include trying to define her shifting views as disingenuous flip-flops, Brent writes.Harris, meanwhile, will look to establish some of her own economic plans. She recently added a <a target="_blank" href="https://www.businessinsider.com/harris-added-policy-website-before-trump-debate-venture-capital-startups-2024-9">policy page to her campaign website</a> and has shown a willingness to break from the current administration. Her 28% capital gains tax rate for Americans who make at least $1 million is lower than the White House's proposed 39.6%.As someone who's <a target="_blank" href="https://www.businessinsider.com/brat-summer-politicians-charli-xcx-kamala-harris-social-media-2024-7">no stranger to an internet meme</a>, Harris will also look to secure a viral moment from the debate.<div type="image" title="Photo illustration of Kamala Harris and Donald Trump" height="750" width="1000" msid="113231921" hostid="261" sizebytes="44240"></div>But for some, Tuesday represents just another distraction.The constant fighting between both sides has become <a target="_blank" rel="noopener" href="https://www.businessinsider.com/hedge-fund-investors-worried-politics-are-distracting-managers-2024-9">more of a headache than anything else for some Wall Streeters</a>, writes BI's Bradley Saacks.The finance industry has plenty of <a target="_blank" href="https://www.businessinsider.com/wall-street-political-contributions-by-name-for-trump-vs-harris-2024-8">outspoken people voicing support — and pledging donations — to both sides</a>. But for investors, private equity and hedge fund managers, jumping into the fray just means less time spent managing their money.It's not unlike the sentiment coming from some in Silicon Valley. Constant bickering over the election <a target="_blank" href="https://www.businessinsider.com/election-a-distraction-silicon-valley-wants-to-be-over-2024-8">has some frustrated</a>, especially at a time when plenty of VCs and startups are struggling.To be sure, people on both sides might argue that mindset is a privilege. Some don't have the luxury of ignoring an election with so much at stake.And that's not to say everyone in tech and finance is apathetic toward the election. BI's Alice Tecotzky spoke to industry leaders <a target="_blank" href="https://www.businessinsider.com/harris-trump-debate-silicon-valley-crypto-regulation-ai-taxes-2024-9">who highlighted what they'll be watching tonight</a>.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>SpaceX launches 4 people, including a billionaire, on the <a target="_blank" rel="noopener" href="https://www.businessinsider.com/spacex-polaris-dawn-mission-launch-2024-8">most ambitious private human spaceflight yet</a>.</li><li>Developer Michael Shvo plans bulk sale of <a target="_blank" href="https://www.businessinsider.com/michael-shvo-beverly-hills-condo-project-default-luxury-2024-9">Mandarin Oriental condos after default</a>.</li><li>Ukraine started this year on the brink of disaster. <a target="_blank" href="https://www.businessinsider.com/ukraine-started-year-brink-disaster-lot-changed-experts-russia-kursk-2024-9">A lot has changed since</a>.</li><li>Apple just lost a decadelong EU tax case. <a target="_blank" rel="noopener" href="https://www.businessinsider.com/apple-pay-back-taxes-eu-court-case-decision-2024-9">Now it must pay $14 billion.</a></li><li>Kate Middleton says she has completed chemotherapy and is <a target="_blank" href="https://www.businessinsider.com/kate-middleton-finished-chemotherapy-announcement-2024-9">doing what she can to 'stay cancer free'</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="The Wall Street Bull ready to charge at a business man holding a graduation cap as a red cloth" height="1000" width="2000" msid="113231928" hostid="261" sizebytes="146536"></div><ol><li>Wall Street went to higher ed, and students paid the price. When private equity got involved with for-profit colleges, the profits were huge. But two groups were left out of the bonanza: the public, whose tax dollars kept the machine running, and the <a target="_blank" href="https://www.businessinsider.com/wall-street-private-equity-billions-college-students-for-profit-college-2024-9">students who got sacked with the bill</a>.</li><li>China's economy shows signs of hope. It hasn't been pretty for the world's second-biggest economy, but the tides could be turning. Goldman Sachs' chief China economist said a number of factors (fiscal easing, strong export momentum) point toward the country <a target="_blank" href="https://www.businessinsider.com/china-economy-outlook-growth-exports-weather-fiscal-policy-goldman-sachs-2024-9">breaking out of its slump this fall</a>.</li><li>Cleared for a (soft) landing. Apollo chief economist Torsten Sløk believes all the data <a target="_blank" href="https://www.businessinsider.com/us-economy-outlook-data-points-to-soft-landing-no-recession-2024-9">points toward the US economy avoiding a recession</a>. From wage growth to consumer spending, the key indicators are a good sign for the US.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="A blue iPhone partially hidden under a red cloth." height="1500" width="2000" msid="113231923" hostid="261" sizebytes="158252"></div><ol><li>It's Glowtime, baby. At Apple's "Glowtime" event, CEO Tim Cook unveiled the new iPhone 16, but its features seemed <a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/apple-iphone-16-with-ai-seems-boring-could-be-good-2024-9">more understated than the hype around the launch</a>. And if you're wondering if your old iPhone will still work with Apple's new iOS 18, <a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/iphone-compatible-ios-18-apple-ai-2024-9">the answer is all about AI</a>. For all of the announcements, <a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/apple-event-iphone-16-announcement-live-updates-2024-9">read BI's liveblog of the event</a>.</li><li>How a VC uses AI to help startups. VC firm TRAC uses an <a target="_blank" href="https://www.businessinsider.com/ai-dashboard-vc-firm-trac-deals-level-up-founders-legacy-2024-9">AI dashboard to help its startups</a> raise new funding, allowing companies to reach more accurate valuations and compare themselves to competitors. "It helps us get into every deal we want to get into," TRAC's founder said of the software.</li><li>Justice for Bing users. Some 20 years after it earned a place in the Merriam-Webster dictionary, "Google" is losing its status as a verb. Gen Zers and especially Gen Alphas <a target="_blank" href="https://www.businessinsider.com/google-losing-status-as-verb-genz-2024-9">aren't "googling" anything</a>, preferring the more brand-neutral term "searching" instead.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="A Chinese flag on a bitcoin facility next to US farmland." height="1500" width="2000" msid="113231929" hostid="261" sizebytes="104262"></div><ol><li>Bitcoin takes a bite out of small-town America. Kicked out of China, bitcoin miners set up shop in small, economically stalled towns in America. Their expansion <a target="_blank" href="https://www.businessinsider.com/china-bitcoin-mines-american-electricity-china-crypto-ban-energy-crisis-2024-9">poses great risks</a> to both the global climate crisis and the US' economic tension with China.</li><li>How the ex-Chipotle chief could shake up Starbucks. Brian Niccol just started as the CEO of the coffee chain, which is in dire need of a turnaround. He hasn't been vocal about his plans for the business — but analysts have some ideas about <a target="_blank" href="https://www.businessinsider.com/new-starbucks-ceo-brian-niccol-could-change-c-suite-menu-2024-8">things he might change</a>.</li><li>It's just good business, they say. More countries are openly flaunting their ties with Russia as Putin seeks to end the country's diplomatic isolation. Despite sanctions over its invasion with Ukraine, Russia remains a key global economy and energy supplier — <a target="_blank" href="https://www.businessinsider.com/russia-economy-asia-countries-flaunt-russia-putin-diplomacy-relationship-brics-2024-9">and it's wooing the Global South</a>.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li>Many grandmothers provide regular childcare for their grandkids. <a target="_blank" href="https://www.businessinsider.com/im-not-bad-grandma-because-i-dont-babysit-grandchildren-2024-9">I refuse to do that, and I'm not a bad grandma</a>.</li><li>When you work from home it's tempting to skip your lunch break. Workplace experts say it could <a target="_blank" href="https://www.businessinsider.com/work-from-home-lunch-experts-broken-not-take-breaks-2024-9">harm your longevity and drain your social battery</a>.</li><li>I've worked at Costco for 19 years. <a target="_blank" href="https://www.businessinsider.com/best-things-at-costco-this-month-employee-reveals-2024-9">Here are 10 of the best things I'm seeing on the shelves this month</a>.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Andrew Cuomo testifies at a House select subcommittee on the coronavirus pandemic.</li><li>Arab League foreign ministers meet in Cairo, with agenda focusing on Israel-Hamas conflict and humanitarian situation in Gaza.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.

Harris and Trump face off for the first time tonight, but some corners of the business world are already over it

<ul class="summary-list"><li>Senator <keyword id="11896860" type="UNKNOWN" weightage="60" keywordseo="bernie-sanders" source="Orion">Bernie Sanders</keyword> published an op-ed saying <keyword id="6360409" type="UNKNOWN" weightage="60" keywordseo="nasa" source="Orion">NASA</keyword> overly subsidizes private <keyword id="11895441" type="UNKNOWN" weightage="60" keywordseo="space" source="Orion">space</keyword> companies.</li><li>He took particular aim at <keyword id="11908742" type="UNKNOWN" weightage="60" keywordseo="blue-origin" source="Orion">Blue Origin</keyword> and <keyword id="11908743" type="UNKNOWN" weightage="60" keywordseo="spacex" source="Orion">SpaceX</keyword>, which are owned by <keyword id="11908741" type="UNKNOWN" weightage="60" keywordseo="jeff-bezos" source="Orion">Jeff Bezos</keyword> and <keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword>.</li></ul>Senator Bernie Sanders has come out swinging against the amount of money that NASA pays to Jeff Bezos' and Elon Musk's private space exploration companies in an op-ed piece for <a href="https://www.theguardian.com/commentisfree/2022/apr/22/jeff-bezos-space-elon-musk-billionaires-bernie-sanders?CMP=fb_a-technology_b-gdntech">The Guardian</a>.Sanders argues that US taxpayer dollars are being used to overly subsidize private space exploration firms including Bezos' Blue Origin and Musk's SpaceX through lucrative NASA contracts."I am concerned that NASA has become little more than an ATM machine to fuel a space race not between the US and other countries, but between the two wealthiest men in America – Elon Musk and Jeff Bezos, who are worth more than $450bn combined," Sanders wrote.At time of writing Musk's net worth clocks in at $260 billion while Bezos' stands at $173 billion, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a>. The two billionaires have a long history of <a href="https://www.businessinsider.com/jeff-bezos-elon-musk-rivalry-history-timeline-2020-7?r=US&amp;IR=T">sparring with each other over their competing space ventures</a>.Sanders specifically took issue with an additional fund that Congress is debating which would add an <a href="https://www.politico.com/news/2022/03/31/bernie-sanders-jeff-bezos-moon-plans-00022035">extra $10 billion</a> to NASA's moon lander budget. Sanders referred to the proposed provision as a "bailout fund" for Bezos, whose company <a href="https://www.businessinsider.com/blue-origin-loses-lawsuit-spacex-nasa-contract-elon-musk-dredd-2021-11?r=US&amp;IR=T">Blue Origin lost out on a NASA moon lander contract to SpaceX</a> in November.<div type="image" title="Jeff Bezos speaks after returning from his flight to space in July 2021." height="2250" width="3000" msid="91005456" hostid="261"></div>"At a time when over half of the people in this country live paycheck to paycheck, when more than 70 million are uninsured or underinsured and when some 600,000 Americans are homeless, should we really be providing a multibillion-dollar taxpayer bailout for Bezos to fuel his space hobby?" Sanders wrote.Sanders has a long history of <a href="https://www.businessinsider.com/bernie-sanders-criticizes-jeff-bezos-net-worth-increase-opposition-amazon-union-2021-3?r=US&amp;IR=T">criticizing the Amazon founder</a>, but in his piece he emphasized the problem goes beyond Bezos."The reality is that the space economy – which today mostly consists of private companies utilizing NASA facilities and technology essentially free of charge to launch satellites into orbit – is already very profitable and has the potential to become exponentially more profitable in the future," Sanders wrote.He pointed to SpaceX's commercial satellite venture <a href="https://www.businessinsider.com/spacex-starlink-internet-service-elon-musk-all-you-need-know-2021-2?r=US&amp;IR=T">Starlink</a> and the burgeoning market of <a href="https://www.businessinsider.com/space-tourism-you-wont-go-to-space-any-time-soon-2021-7?r=US&amp;IR=T">space tourism</a>.<div type="image" title="Elon Musk" height="683" width="910" msid="91005459" hostid="261"></div>"The time is now to have a serious debate in Congress and throughout our country as to how to develop a rational space policy that does not simply socialize all of the risks and privatize all of the profits," Sanders wrote."Space exploration is very exciting. Its potential to improve life here on planet Earth is limitless. But it also has the potential to make the richest people in the world incredibly richer and unimaginably more powerful. When we take that next giant leap into space let us do it to benefit all of humanity, not to turn a handful of billionaires into trillionaires," he concluded.NASA, Blue Origin, and SpaceX did not immediately respond when contacted for comment on Sanders' article.

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Harris and Trump face off for the first time tonight, but some corners of the business world are already over it

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