Elon Musk is on track to become the first trillionaire by 2027, a group that tracks wealth has mentioned in a new report.
This assessment by Informa Connect Academy is due to the fact that the wealth of the boss of the electric carmaker Tesla, private rocket company SpaceX, and social media platform X(formerly Twitter) has been increasing at an average annual rate of 110%. He was also the world’s richest person, with $251bn, according to the Bloomberg Billionaires Index, as the academy’s 2024 Trillion Dollar Club report emerged on Friday.
According to the analysis of the academy, it predicted that Indian business conglomerate founder Gautam Adani of India would be able to achieve the status of trillionaire side by side. To be more precise, that would be expressed in 2028 if his annual growth rate is 123 %, according to the reports.
The other two, tech firm Nvidia’s chief executive officer Jensen Huang and Indonesian energy and mining tycoon Prajogo Pangestu, may also become trillionaires by 2028 based on the same path. Currently, Bernard Arnault of LVMH Moèt Hennessy Louis Vuitton is the third richest man in the world, with a stated worth of about $200 billion and now he is expecting to hit a trillion dollars in 2030 alongside Mark Zuckerberg, Meta’s chief executive.
The question of whom is most likely to be the globe’s first trillionaire, however, has captured the public imagination since as soon as the world could boast about having the first billionaire in 1916-that was J.D. Rockefeller of the US, who founded Standard Oil Company and once the largest stockholder.
However, many academics still perceive the concept of the aggregation of a huge amount of money as a social evil. More recently, one paper estimated that 1% of human beings bear the responsibility for exceeding carbon dioxide emissions, which are known to be one of the major causes of the current climate change that is owned by 66% of the world population.
Informa Connect Academy named Musk the most probable candidate to be the first trillionaire in the world just days before one of his posts triggered many users’ anger on X. His post said an interview between the former Fox News host Tucker Carlson and the podcaster Darryl Cooper—a fellow rightwing media figure—was “very interesting. Worth watching.”
In the interview, Cooper said that in the hallowing of the Jews during the second world war through the Nazis, the Nazis did not intend to kill so many people. Rather, Cooper said, Adolf Hitler’s Nazi regime just was not built to nurture them – and the podcaster unloaded on PM Winston Churchill for “that war turning into what it was”.
Cooper later quickly deleted Musk’s post, while the White House called Carlson’s interview of Cooper a disgrace and a sadistic attack on all Americans. The billionaire said in August that he is backing Donald Trump as the Republican nominee for a second term in November’s election. Kamala Harris, the Democratic vice president, is also in the election.
