Surging stock market, Trump policies boost wealth for top 1%

Elon Musk became the world's first trillionaire through the SpaceX IPO, highlighting accelerating wealth concentration in the U.S. The top 1% held 31.9% of the nation's wealth by 2025, a record since 1989, driven by stock market gains and Trump-era policies. Economists like Thomas Piketty and Emmanuel Saez link this trend to lax tax policies and corporate profit distribution.