The report’s predictions are primarily based on a person’s common annual wealth development price. If Musk’s wealth continues to develop at an annual price of 110%, the report predicts he would be the first particular person to attain trillionaire standing by 2027.
Eight firms have attained a trillion-dollar market cap valuation thus far, however no people have reached the monetary milestone.
Nvidia CEO Jensen Huang, Adani Group founder Gautam Adani, and Barito Pacific founder Prajogo Pangestu are all predicted to succeed in trillionaire standing a yr after Musk in the event that they sustain their present development charges.
Meta’s Mark Zuckerberg is predicted to go the trillion-dollar mark in 2030, in response to the report.
Musk’s wealth, which is carefully tied to his 20.5% stake in Tesla, has fluctuated significantly over the previous few years. Tesla’s inventory slid by 7% earlier this yr following the automaker’s weaker-than-expected car deliveries.
The inventory drop wiped billions off Musk’s private fortune, which he later recouped after a profitable journey to China in April.
Whereas his internet price is up $7.73 billion from final yr, per Bloomberg’s Billionaire Index, he is nonetheless much less wealthy than in 2021, when his fortune was estimated at round $340 billion.
Musk has additionally had a troublesome yr at his different firms, together with X. The social media platform has struggled to draw promoting income following a few of Musk’s controversial adjustments and price cuts.
Advertisers who jumped ship from the platform after the Tesla CEO formally purchased it in late 2022 have been gradual to return. Earlier this yr, asset supervisor Constancy stated the corporate is price 71% lower than when Musk took over.