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Fox Business
Fox Business
9 Sep 2024


Elon Musk could become the first trillionaire within the next couple of years, according to a new report.

Informa Connect Academy identified Musk, the CEO of Tesla, SpaceX and X, as the "clear favourite" to amass a 13-figure net worth before any other billionaires in a recently released report.

Tesla CEO Elon Musk

Elon Musk arrives at the Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. (Photo by ETIENNE LAURENT/AFP via Getty Images / Getty Images)

Musk, who is worth $241.8 billion, according to Forbes, could reach a staggering new level of wealth by 2027 thanks to how quickly his net worth increases each year, the report estimated.

His personal fortune goes up nearly 110% each year on average, Informa Connect Academy found.