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Elon Musk, the CEO of Tesla, SpaceX, and owner of X (formerly Twitter), is on track to become the world’s first trillionaire by 2027, according to a report by Informa Connect Academy. This projection is based on Musk’s current wealth growth rate, which averages an impressive 110% annually.
As of 2024, Musk’s net worth stands at around $251 billion, making him the richest person in the world. This fortune is largely tied to his 20.5% stake in Tesla, whose stock has shown significant growth over the years despite some fluctuations. For instance, earlier this year, Tesla experienced a 7% drop following weaker-than-expected vehicle deliveries. However, Musk managed to recover these losses following a successful trip to China.
The report also predicts that Musk’s ascent to trillionaire status is just the beginning. After him, other billionaires such as Nvidia CEO Jensen Huang and Adani Group’s Gautam Adani are expected to reach the trillion-dollar milestone by 2028 if they continue their current growth trajectory. Tech figures like Meta’s Mark Zuckerberg are forecasted to follow suit in the 2030s.
Despite his staggering wealth, Musk has faced challenges, particularly with X. Since acquiring the social media platform in late 2022, the company has struggled to regain advertising revenue after a controversial overhaul of its operations. In fact, X’s valuation has decreased by 71% since Musk’s purchase.
Musk’s journey to potential trillionaire status highlights both the volatility and rapid growth of his various ventures. His companies, particularly Tesla, continue to play a pivotal role in shaping industries and driving his financial ascent, though the path is far from without setbacks.
