Elon Musk is on track to become the world’s first trillionaire, according to a new report From Informa Connect Academy.
According to Bloomberg’s Billionaires Index, This Tesla The CEO is currently the richest person in the world with a net worth of $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 a rate of 110% annually, the report predicts that he will be the first person to achieve trillionaire status by 2027.
Eight companies have achieved It has a trillion-dollar market cap valuation so far, but no one has reached the financial milestone.
Nvidia CEO Jensen Huang, Adani Group founder Gautam Adani and Barito Pacific founder Prajogo Pangestu predict Musk will reach trillionaire status a year from now if he maintains his current growth rate.
Meta’s Mark Zuckerberg is predicted to cross the trillion-dollar mark in 2030, according to the report.
Musk’s wealth, which is closely tied to his 20.5% stake in Tesla, fluctuate significantly In the last few years. Tesla stock fell 7% Following the automaker’s earlier this year Poorer than expected vehicle delivery.
The stock drop wiped billions out of Musk’s personal fortune, which he later a A successful tour of China in April.
While according to Bloomberg’s billionaire index, his net worth has increased by $7.73 billion over last year. Still less rich Compared to 2021, when his wealth was estimated to be around $340 billion.
Musk has also had a tough year at his other companies, including X. Social media platforms have had to struggle Advertising attracts revenue Following some of Musk’s controversial changes and cost-cutting.
Advertisers who jumped ship from the platform after Tesla’s CEO officially bought it in late 2022 have been slow to return. Earlier this year, asset manager Fidelity said the company is 71% less value than When Musk took over.
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