Elon Musk is on track to become the world's first trillionaire by 2027, according to a new global wealth report.

Musk, 53, is currently the world's richest person with a net worth of $251billion, according to Bloomberg's Billionaires Index. However, a new report by Informa Connect Academy has revealed Musk's wealth has been growing at a staggering average rate of 110 per cent a year.

This means that if the Tesla CEO's wealth continues to climb at the same rate, he could be crowned the world's first trillionaire within the next three years, according to the findings.

The report titled The 2024 Trillion Dollar Club, puts Musk's Tesla business at a market value of $ 669.3 billion.

The company's growth rate is also impressively high, at 173.3 per cent according to Informa Connect Academy, which means Tesla alone could exceed $1trillion by as early as next year.

The academy's analysis suggested business conglomerate founder Gautam Adani from India would be second in line to achieve trillionaire status.

That would reportedly happen the year following Musk, in 2028, if his annual growth remains at 123 per cent.

Jensen Huang, chief executive of tech firm Nvidia, and Indonesian energy and mining mogul Prajogo Pangetsu are also predicted to become trillionaires by 2028, according to the findings.

Bernard Arnault, the LVMH Moet Hennessy Louis Vuitton boss and the world's third-richest person with around $ 200 billion, is on track to snap a trillion dollars in 2030, the same year as Meta CEO Mark Zuckerberg.

The top two richest companies valued by the growth report were Microsoft at $ 3.4 trillion and Apple at $ 2.5 trillion.

Both of the tech giants hit the trillion-dollar mark back in 2019 and 2018 respectively.

Oakenshield:
Money stops nonsense 😂😂 so it means only Tesla can sponsor all of Africa budget for 10years without sweat. Kai black men residing in Africa is like a curse,they hate developing their countries but prefer stealing and hiding in a developed country

Oakenshield:
Money stops nonsense 😂😂 so it means only Tesla can sponsor all of Africa budget for 10years without sweat. Kai black men residing in Africa is like a curse,they hate developing their countries but prefer stealing and hiding in a developed country

Bmaster:
and Solomon will still remain the richest man of all time.may be Elon musk is from one of the lineages of Solomon when properly tracked

SmartPolician:
I think the world needs to re-evaluate how individual wealth is measured.

A man has a business idea, pitches it to venture capitalists and raises $200k in equity capital of 20%.

He sells 70% of his business in shares and raises another $700k.

The business is worth $1 million with founder owning 10% of the business or $100k.

He's called the world's richest man whereas he has only $100k out of the $1 million business value.

SmartPolician:
I think the world needs to re-evaluate how individual wealth is measured.

A man has a business idea, pitches it to venture capitalists and raises $200k in equity capital of 20%.

He sells 70% of his business in shares and raises another $700k.

The business is worth $1 million with founder owning 10% of the business or $100k.

He's called the world's richest man whereas he has only $100k out of the $1 million business value.

Everyday247:
The poorest man today is richer than Solomon.

ogawisdom:


Vanity upon vanity......

Life is more about legacy and impact not about who is richest

sreamsense:

You are still a chief custodian of that same curse because you are an Africa who can't make any impact for the same Africa than talking and complaining. Instead of complaining, bend down and work. Stop pointing fingers for other to do what you can't do yourself to change history of Africa. Don't expect anyone to do for you what you can't do for yourself. Show us the impact you and your family have made that affect Africa positively other than complaining and accusing leaders.

No one gives complainer an award. If you can not be parts of those who make that changes you are asking for to happen to Africa, you are not qualify to point fingers. You and I should bend down to make that positive changes happen for glory of Africa. Don't expect other Africans to be working for you while you come online to point fingers. Be part of the changes providers for Africa and not complainants

Sharpsharp00123:
I guess your pastor told u that

SmartPolician:
I think the world needs to re-evaluate how individual wealth is measured.

A man has a business idea, pitches it to venture capitalists and raises $200k in equity capital of 20%.

He sells 70% of his business in shares and raises another $700k.

The business is worth $1 million with founder owning 10% of the business or $100k.

He's called the world's richest man whereas he has only $100k out of the $1 million business value.