AGS NEWS – Elon Musk is projected to become the world’s first trillionaire by 2027, according to a global wealth report from Informa Connect Academy.

Currently the world’s richest person with a net worth of $251 billion, Musk’s wealth has been increasing at an annual rate of 110%. If this trend continues, the Tesla CEO could reach trillionaire status within three years.

The report, titled The 2024 Trillion Dollar Club, highlights Tesla’s market value at $669.3 billion, with a growth rate of 173.3%, suggesting the company could surpass $1 trillion as early as next year.

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Following Musk, Indian business magnate Gautam Adani is expected to become a trillionaire in 2028, with an annual growth rate of 123%.

Other potential future trillionaires include Nvidia CEO Jensen Huang and Indonesian mogul Prajogo Pangestu by 2028.

The report also predicts Bernard Arnault, head of LVMH, and Meta CEO Mark Zuckerberg could reach trillionaire status by 2030. Meanwhile, Microsoft and Apple, both valued in the trillions, achieved this milestone in 2019 and 2018 respectively.