Elon Musk needs no special introduction: he is already a world record-setter with his firms SpaceX and Tesla. Headlines are continuously filled with his name, and this time it’s about another great achievement: Musk will become the first trillionaire in the world. With this pace of his ever-increasing wealth, it is projected by Informa Connect Academy that Musk will reach the trillion-dollar mark by 2027, at an estimated annual wealth growth of about 109.88%.
The owner of X, Musk, is ranked the richest person in the world with an estimated fortune of $237 billion. Most may know that Musk founded six companies to date, two of which are leading electric vehicle manufacturing company Tesla and aerospace company SpaceX.
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Tesla currently has a market valuation of $669.28 billion and is estimated to reach the trillion-dollar mark by next year.
Apart from Musk, other business people are also forecasted to join the trillionaire club. Among them could be Indian business magnate Gautam Adani. Others such as Jensen Huang, chief executive officer of Nvidia, and Indonesian magnate Prajogo Pangestu too are projected to become a trillionaire by 2028. On the contrary, Informa Connect forecasts French business tycoon Bernard Arnault, the owner of Louis Vuitton, to become a trillionaire by 2030.
