Elon Musk is on track to quadruple his wealth and become the world’s first dollar trillionaire in just three years, new research suggests.
The South African-born entrepreneur, 53, who owns companies ranging from Tesla to X, formerly known as Twitter, is already ranked as the richest person in the world.
The SpaceX founder has a net worth of $251 billion (£191 billion), according to Bloomberg’s Billionaires Index, which is growing at a rate of 110 per cent a year.
If his wealth continues to grow at the same rate, Mr Musk will be the world’s first US dollar trillionaire by 2027, according to data from research company Informa Connect Academy.