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The Atlantic·6 min read·medium

The Age of the Trillionaire

A
Annie Lowrey
The Age of the Trillionaire
AI Summary

The article examines the rise of the first trillionaire, Elon Musk, in the context of historical wealth accumulation. It argues that this milestone reflects a broader trend of increasing wealth concentration among the capital class.

Illustration by The Atlantic. Source: Brendan Smialowski / AFP / Getty. July 6, 2026, 7 AM ET Share Save Robert Morris migrated from England to the American colonies as a teenager and established himself in the mercantile industry. During the Revolutionary War, his trading ships attacked British vessels and seized their cargo; after the conflict, the Founding Father became a millionaire, likely the country’s first. He later invested in frontier real estate—a good bet made too soon. Morris went bankrupt, spectacularly, and spent the years 1798 to 1801 incarcerated in a Philadelphia debtors’ prison.

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