Elon Musk is on track to become the world’s first trillionaire, according to a new report from Informa Connect Academy.
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According to Bloomberg’s Billionaires Index, the Tesla CEO is currently the world’s richest person, with a net worth of US$237 billion.
The report’s predictions are based on an individual’s average annual wealth growth rate. If Musk’s wealth continues to grow at an annual rate of 110 per cent, the report predicts he will be the first person to achieve trillionaire status by 2027.
Eight companies have attained a trillion-dollar market cap valuation so far, but no individuals have reached the financial milestone.
Nvidia CEO Jensen Huang, Adani Group founder Gautam Adani, and Barito Pacific founder Prajogo Pangestu are all predicted to reach trillionaire status a year after Musk if they keep up their current growth rates.