According to TechFlow, The Guardian reported that according to a new report from a wealth tracking agency, Musk is expected to become the world's first trillionaire in 2027.
The report from Informa Connect Academy, which began circulating on Friday, said Musk's wealth from electric car maker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) has continued to grow at an average annual rate of 110%. Musk is currently the world's richest man with $251 billion, according to the Bloomberg Billionaires Index.
The report also states that Indian business magnate Gautam Adani is expected to become the second trillionaire. If his wealth continues to grow at an annual rate of 123%, he is expected to reach this achievement in 2028.
Nvidia CEO Jensen Huang and Indonesian energy and mining tycoon Prajogo Pangestu are also likely to become trillionaires by 2028 if their wealth growth trajectories remain the same, while LVMH Moët Hennessy Louis Vuitton CEO Bernard Arnault (the world's third richest person with about $200 billion) is expected to surpass $1 trillion by 2030, the same year as Meta CEO Mark Zuckerberg.