Elon Musk on track to be the first trillionaire by 2027, according to report
SUMMARY
Elon Musk, currently the world’s richest person with a net worth of $251 billion according to Bloomberg's Billionaires Index, is on track to become the first trillionaire by 2027, a new report from Informa Connect Academy reveals. The report notes that Musk's wealth has grown at an average rate of 110% per year, and if this pace continues, he could surpass the trillion-dollar mark within the next three years. Tesla, Musk's electric vehicle company, is a key contributor to his wealth, with a market value of $669.3 billion. The report projects that Tesla could exceed $1 trillion in value by 2025, given its 173.3% annual growth rate. Musk's other ventures, including SpaceX, Neuralink, and The Boring Company, also play significant roles in his growing fortune.
