- Farah - News Editor
Billionaire Marc Lore has unveiled plans for Telosa, a $400 billion megacity to be built somewhere in the US desert with space for up to five million residents. Telosa is being billed as a new metropolis that will set “a global standard for urban living, expand human potential and become a blueprint for future generations”, with city planning focused on citizen involvement, equitability and sustainability.
Mr Lore, who was chief executive of Walmart's eCommerce from 2016-2021, has said Telosa is based on the concept of “equitism” - an economic system in which citizens have a stake in the city’s land.