Elon Musk is on track to become the world’s first trillionaire by 2027, according to a new global wealth report.
Musk, 53, is currently the richest person in the world, with a net worth of $251bn (£191bn), according to Bloomberg’s Billionaires Index.
However, according to Informa Connect Academy’s findings, his wealth has been growing at an average rate of 110% a year.
It means that – providing his wealth continues to grow at the same rate – he could reach the trillionaire mark within the next three years, according to the findings.
The same report – the 2024 Trillion Dollar Club – puts Musk’s electric car business Tesla at a market value of $669.3bn (£509.7bn).
Its growth rate is also exceedingly high – 173.3% per year according to Informa Connect Academy – which means the business alone could exceed $1tn (£0.76tn) by next year.
Unsurprisingly, the top two richest companies valued by the growth report were Microsoft ($3.4tn or £2.6tn) and Apple ($3.3tn or £2.5tn).
The two tech giants reached the trillion-dollar mark in 2019 and 2018 respectively.
Informa Connect Academy estimated Indian business conglomerate founder Gautam Adani as being the second closest to becoming a trillionaire.
With an annual growth rate of 123%, he is said to reach the milestone by 2028.
Jensen Huang, chief executive of tech firm Nvidia, and Indonesian energy and mining mogul Prajogo Pangestu are also predicted to become trillionaires by 2028, according to their current trajectories.
