Elon Musk on Track to Become World’s First Trillionaire by 2027
Elon Musk, already the world’s richest person with a net worth of $250 billion, is poised to reach unprecedented heights, potentially becoming the first trillionaire in history.
MUSK’S EMPIRE EXPANDS
Musk’s vast empire includes:
- Tesla (electric vehicles) – worth $710 billion
- SpaceX (private spacecraft)
- Neuralink (brain chip implants)
- The Boring Company (tunnel construction)
- xAI (AI startup)
- X (social media platform, formerly Twitter) – acquired for $44 billion
RAPID WEALTH GROWTH
Informa Connect Academy notes Musk’s net worth has grown at an average rate of 110% per year, making him the clear favorite to hit $1 trillion first.
CHALLENGES AND COMPETITION
However, Musk faces:
- Competition from Nvidia and its CEO Jensen Huang, potentially becoming a trillionaire in 2028.
- Indian billionaire Gautam Adani, also on track to become a trillionaire by 2028.
- Tesla’s fierce competition, particularly from cheaper Chinese rivals.
- Challenges in maintaining Tesla’s stock performance.
ANALYST INSIGHT
“We believe Musk has positioned himself to achieve new heights… as Tesla capitalises on full self-driving, Robotaxis, and the future of EVs,” says Dan Ives, senior equity analyst at Wedbush Securities.
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