Elon Musk says he is ‘accumulating resources to extend the light of consciousness to the stars’

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Elon Musk has outlined how he plans to use his vast wealth after facing criticism from Bernie Sanders about his personal fortune.

The SpaceX and Tesla CEO’s net worth is estimated to be around $170 billion (£120bn), according to the Bloomberg Billionaires Index, ranking him just below Amazon founder Jeff Bezos on the world’s rich list.

The median household income in the US, meanwhile, is $68,703, according to the United States Census Bureau – a disparity that Senator Sanders highlighted in a post to Twitter.

“We are in a moment in American history where two guys – Elon Musk and Jeff Bezos – own more wealth than the bottom 40 per cent of people in this country,” Senator Sanders tweeted.

“That level of greed and inequality is not only immoral. It is unsustainable.”

Mr Musk responded by repeating a pledge he has made several times in the past: that he will use his wealth to fund a permanent human colony on Mars in order to ensure humanity’s future survival.

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