Elon Musk is ranked as the world’s richest person with a net worth of $773.5 billion, according to Forbes. GOBankingRates questioned how many Americans could comfortably retire with Musk’s wealth. Bryan Ward from ProCore Advisors noted that most of Musk’s wealth is tied to shares in Tesla, X, and SpaceX, which could be liquidated, but taxes would reduce it to $400 billion.

Ward suggested that Musk could gift partial shares of his companies to every US citizen, amounting to $2,578.33 per person. However, this amount may not significantly impact anyone over 20. Alternatively, gifting shares could lead to substantial growth for those under 10, potentially reaching $2.4 million by retirement age, illustrating the benefits of early investing and compounding.

Ward highlighted the power of compounding and early investing, supporting the government’s initiative to fund $1,000 into a ‘Trump Account’ for children with eligible Social Security cards between 2025 and 2028.

Read more at Yahoo Finance: Here’s How Many Americans Could Retire Comfortably With Elon Musk’s Net Worth