![\"Elon](\"https:\/\/faculty.northeastern.edu\/wp-content\/uploads\/sites\/5\/2024\/02\/ezgif-2-17b7d997a3-300x200.jpg\")
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On the race to become the first trillionaire, some think Elon Musk could come out ahead if Tesla\u2019s self-driving vehicle technology powered by artificial intelligence proves to be successful.<\/p>\n
Measuring a person\u2019s net worth isn\u2019t a measure of income, which, in financial terms, is part of their\u00a0cash flow<\/a>. Rather, it\u2019s a ballparked value of their assets minus liabilities, says\u00a0Alvaro Cuervo-Cazurra<\/a>, professor of international business strategy at Northeastern.<\/p>\n The billionaires identified by Forbes \u201chave not \u2018earned\u2019 the money in the sense of income, which is the money one gains over a period of time, usually a year, such as a salary,\u201d Cuervo-Cazurra says. \u201cWealth is a measure of the value assets they own, typically a share of large firms whose value increases over the year.\u201d<\/p>\n The value of a firm is a measure of the \u201cexpected value\u201d that the company will generate in the future, he says.<\/p>\n Bai notes that the arrival of the world\u2019s first trillionaire only further underscores the need to address growing inequality.<\/p>\n \u201cIf you think about it, we want to grow the pie first, and then split it more evenly,\u201d Bai says. \u201cThe emergence of a trillionaire already tells us that we\u2019ve grown the pie big enough. It\u2019s now time to think about how to divide the pie a little more equitably, or risk more social instability.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" On the race to become the first trillionaire, some think Elon Musk could come out ahead if Tesla\u2019s self-driving vehicle technology powered by artificial intelligence proves to be successful. Measuring a person\u2019s net worth isn\u2019t a measure of income, which, in financial terms, is part of their\u00a0cash flow. Rather, it\u2019s a ballparked value of their … Continued<\/a><\/p>\n","protected":false},"author":12,"featured_media":1532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,24,10],"tags":[],"class_list":["post-1531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-success","category-faculty"],"_links":{"self":[{"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/posts\/1531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/comments?post=1531"}],"version-history":[{"count":0,"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/posts\/1531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/media\/1532"}],"wp:attachment":[{"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/media?parent=1531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/categories?post=1531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/faculty.northeastern.edu\/advance\/wp-json\/wp\/v2\/tags?post=1531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}