Billionaire ex-Walmart exec says the first 'settlers' of his planned $400 billion city 'Telosa' will likely be selected through applications — and they could move in by 2030

If Marc Lore’s vision comes to fruition, 50,000 residents could be living in a egalitarian utopia by 2030. Lore, who stepped down as CEO of Walmart’s US e-commerce division earlier this year, announced last month that he plans to build a futuristic city known as Telosa. Telosa — which gets its name …

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