Elon Musk’s net worth is 5 million times as large as that of the typical family and dwarfs even that of the “everyday wealthy”, signalling a new era of ultra-affluence and widening inequality.

“The new Gilded Age won’t end itself," said Oxfam America. "This is a trillion-dollar alarm bell that should wake governments up to the need to take action."

June 11 : Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and…

At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his…