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.
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.