The entrepreneur Elon Musk has a fortune of around $250 billion and could be the first person on the planet to become a trillionaire.
According to Informa Connect Academy, Elon Musk could become the world’s first trillionaire by 2027. The entrepreneur, owner of Tesla, has an estimated fortune of approximately $250 billion.
Informa states that Musk’s net worth has been growing at an average rate of 110% per year, making him the favorite in the race for the first trillion.
Musk owns one of the largest electric vehicle manufacturers, Tesla, which has become the most valuable in the world, with a valuation of around $710 billion. This would be the largest asset that could propel Musk to become the first trillionaire.
“We believe Musk is well-positioned to reach new heights in the coming years as Tesla capitalizes on full self-driving, Robotaxis, and the future of electric vehicles,” said Dan Ives, senior equity analyst at Wedbush Securities, to CNN.
In addition to Musk, other entrepreneurs are also competing to become the first trillionaire. Jensen Huang, CEO and co-founder of Nvidia, is on the rise as his company’s chips drive artificial intelligence.
Informa Connect Academy believes that Huang could reach the trillion mark by 2028, with a net worth of $104 million, according to Bloomberg.
Indian billionaire Gautam Adani is also on track to become a trillionaire by 2028.
Photos: Instagram @elon_musk_58953. This content was created with the help of AI and reviewed by the editorial team.