Global wealth report: Elon Musk on course to be world’s first trillionaire
Elon Musk on track to become world’s first trillionaire (
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World’s richest man Elon Musk is on track to start the four-comma club as he is set to become the planet’s only trillionaire by 2027 If fortune continues to grow
Elon Musk is on track to become the world’s first trillionaire by 2027, a new global wealth report has found.
According to Bloomberg’s Billionaires Index, the 53-year-old Tesla owner is currently the wealthiest person on the planet, with a net worth of $251 billion (£191.8 billion). However, as Musk’s wealth, according to a report from Informa Connect Academy, has been growing at an average rate of 110 per cent a year, it means he could become a trillion in the next three years.
It is estimated that Indian business conglomerate founder Gautam Adani is the second closest to becoming a trillionaire With an annual growth rate of 123 per cent, he is said to reach the milestone by 2028. According to their current trajectories, Jensen Huang, chief executive of tech firm Nvidia, and Indonesian energy and mining mogul Prajogo Pangestu are also predicted to become trillionaires by 2028.
Elon Musk set to become trillionaire (
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Fourth on the list is Indonesia’s Prajogo Pangestu, founder of the Indonesian energy and mining conglomerate Barito Pacific. The report predicts Pangestu could reach trillionaire status by 2028. LVMH, which owns 75 luxury brands, including Louis Vuitton, Christian Dior, and Givenchy, rounds out the top five. CEO Bernard Arnault is currently the world’s third-richest person, with just under $200 billion (£153 billion). The report has the luxury king becoming a trillionaire sometime in 2030, along with Meta.
Some top billionaires who seem like leading candidates to quickly reach the four-comma club don’t make the top ten. Jeff Bezos, currently the world’s second-richest person, with $200 billion, according to Bloomberg, is listed at number 12 and wouldn’t become a trillionaire until 2036. Larry Page and Sergey Brin, the Google founders, are also slated to wait 12 years to become trillionaires — although artificial intelligence may accelerate their rise.
