Ingrid Robeyns

Can people have too much wealth? Does extreme wealth have negative consequences? Over the past thirty years, there has been a remarkable rise in the number of billionaires whose annual earnings are so large that they are often difficult to comprehend. To take but one example, it was estimated in 2022 by Forbes magazine that Elon Musk’s personal assets were worth $219 billion and that, if he worked for forty-five years, his lifetime hourly rate from these assets was in the order of US$1,871,794.