With the recent IPO of SpaceX, Elon Musk’s status as the world’s first U.S.-dollar trillionaire has been widely reported. However, his greatest accomplishment in wealth creation is not what he has done for his own wealth, but what he has done for others. The IPO has created wealth not just for Musk, but for many employees, with over 4,000 employees becoming millionaires.

Sharing the Wealth

This approach to wealth creation is a great example of how companies can create win-win situations for everyone involved. By allowing employees to participate in ownership of the company, they have an incentive to do their part in making the company successful, knowing that they will derive some of that benefit.

One example of this is Juan Hernandez, a contract welder who took a job at SpaceX about a decade ago. He was offered a stock grant as part of his pay package, and now his holdings are valued in the seven figures. This positive experience has led him to teach investing to his three children.

SpaceX is not the only company to share wealth creation with its employees. Private Equity company KKR has made it a mission to share wealth creation with a wide variety of employees of the companies in which it invests. For example, when KKR sold CHI Overhead Doors to steel producer Nucor Corp., the company’s hourly employees, including factory employees, received between $20,000 and $800,000 before taxes.

Original reporting: Fox News (HLL/CB) — read the source article.