Elon Musk is on track to become the world’s first trillionaire by 2027, according to a new report by Informa Connect Academy. Musk, currently the richest person globally with a net worth of $251 billion, has seen his wealth grow at an average annual rate of 110%, potentially propelling him to the trillionaire milestone within the next three years.
Musk’s electric car company, Tesla, also shows impressive growth, with a market value of $669.3 billion and an annual growth rate of 173.3%. Tesla alone could surpass $1 trillion by next year.
The report also highlights Microsoft and Apple as the top two richest companies, valued at $3.4 trillion and $3.3 trillion respectively. Indian businessman Gautam Adani, with a 123% growth rate, is estimated to be the second closest to reaching the trillionaire status, potentially by 2028. Nvidia CEO Jensen Huang and Indonesian mogul Prajogo Pangestu are also predicted to reach the milestone by 2028.
Despite his financial success, Musk’s recent activities have been controversial. Since acquiring Twitter, now rebranded as X, Musk has faced criticism for endorsing controversial figures and making inflammatory statements. Most recently, he faced backlash for promoting a Holocaust-denying interview, which he later deleted.
Musk’s other ventures include SpaceX, Neuralink, and The Boring Company. As he continues to lead in both technological innovation and controversy, his trajectory remains a topic of significant global interest.
