OAN Staff James Meyers
10:59 AM – Monday, September 9, 2024
Elon Musk is on pace to become the world’s first-ever trillionaire by 2027, according to a new report.
A recent report by Informa Connect Academy stated that Musk’s wealth has been growing at an annual growth rate of 110%, stemming from his companies Tesla, SpaceX and X.
Currently, Musk is the world’s richest person, with a net worth of $251 billion, according to the Bloomberg Billionaires Index, as per the academy’s 2024 Trillion Dollar Club report circulating on Friday. Additionally, in terms of affluence, second place goes to Jeff Bezos, the founder of Amazon.
Meanwhile, India’s Gautam Adani, a “business magnate who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India” could become the second person to become a trillionaire, which would reportedly happen in 2028, if his annual growth rate remains at 123%.
This is the official list that could join Musk to world’s trillionaire club, according to The Guardian:
- Musk 2027 (110% growth rate)
- India’s Gautam Adani 2028 (at 123% annual growth rate)
- Nvidia CEO Jensen Huang 2028
- Indonesia’s Prajogo Pangestu 2028
- LVMH Moët Hennessy Louis Vuitton’s Bernard Arnault 2030
- Meta’s Mark Zuckerberg 2028
The companies with $1 trillion valuations:
- Microsoft
- Nvidia
- Apple
- Berkshire Hathaway
The billionaire plateau was first reached in 1916 with Standard Oil’s John D. Rockefeller.
In recent news, Musk announced in August that he was supporting Donald Trump to become the next U.S. president in the upcoming November election.
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