World's Richest Man Elon Musk Says 'Money Won't Matter' When Kids Turn 18 Amid Trump Accounts Buzz: 'AI/Robotics Will Eliminate Scarcity'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk doubled down connected claims astir wealth becoming obsolete successful the aboriginal with the advent of artificial quality (AI) and Robotics.

On Monday, a user, Scott Adams, quoted a station connected X that elaborate President Donald Trump's Treasury Secretary Scott Bessent's efforts to get much companies to put successful the President's "Trump Accounts" initiative, aiming to supply superior to children erstwhile they crook 18. "Will wealth person worth erstwhile the kids crook 18?" Adams asked successful his post.

Will wealth person worth erstwhile the kids crook 18? https://t.co/y2UQ6Tkm8S

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Responding to the question, Musk shared his thoughts. "Civilization volition either beryllium gone oregon AI/robotics volition destruct scarcity," Musk said successful his response. The billionaire ended the station by saying that "money won't matter."

The comments travel amid concerns expressed by experts for parents opting to enroll successful the initiative, informing that a hidden good people for the inaugural would pb to a taxation filing lone reserved for the ultra-wealthy. Experts pass that the contributions made by parents aft the archetypal effect superior from the national authorities deficiency a important exemption from national acquisition taxation laws.

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Meanwhile, Michael Dell, laminitis of Dell Technologies Inc. (NYSE:DELL), on with his woman Susan Dell, has pledged implicit $6.25 cardinal successful grants to money the Trump-branded concern accounts for children.

Musk was handed a large boost by the Delaware Supreme Court aft it ruled successful favour of restoring the billionaire’s $56 cardinal wage bundle from 2018. The tribunal reversed an earlier judgment, which had blocked the wage package.

The bundle strengthens Musk's presumption arsenic the CEO of the automaker, with Musk gaining implicit 18.1% of Tesla's expanded stock basal if helium chooses to workout each banal options nether the 2018 compensation plan. Musk's trillion-dollar wage bundle besides received support from investors.