Report: Elon Musk on track to become world's first trillionaire by 2027 | Elon Musk

According to a new report from a wealth tracking group, Elon Musk is on track to become the world's first trillionaire by 2027.

The Informa Connect Academy's findings on the head of electric car maker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) are based on the fact that Musk's wealth is growing at an average annual rate of 110%. He was also the richest person in the world with $251 billion when the academy's “2024 Trillion Dollar Club” report was circulated on Friday, according to the Bloomberg Billionaires Index.

The academy's analysis suggests that Indian company founder Gautam Adani will become the second trillionaire in 2028 if his annual growth rate remains at 123%.

Jensen Huang, CEO of the technology group Nvidia, and Prajogo Pangestu, the Indonesian energy and mining magnate, could also become billionaires in 2028 if their winning streak continues. Bernard Arnault, head of LVMH Moët Hennessy Louis Vuitton and the third richest person in the world with around 200 billion dollars, is expected to cross the trillion dollar mark in 2030 – the same year as Mark Zuckerberg, CEO of Meta.

A handful of companies have reached valuations of more than a trillion dollars. Berkshire Hathaway last surpassed the valuation in late August, a few days before its architect Warren Buffett celebrated his 94th birthday. Nvidia joined the $1 trillion club in May 2023 and hit the $3 trillion mark in June, making it the second most valuable company in the world at the time, after Microsoft and ahead of Apple.

However, as CNBC noted, the question of who the world's first trillionaire could be has been on public minds since 1916, when the world crowned its first billionaire. It was American John D. Rockefeller, the founder and at the time largest shareholder of Standard Oil.

Despite this fascination, many scientists view the accumulation of immense wealth as a social evil. According to one report, the richest one percent of humanity is responsible for more carbon dioxide emissions – a major cause of the ongoing climate crisis – than the poorest 66 percent.

Just days before Informa Connect Academy selected Musk as the most likely candidate to become the world's first trillionaire, he received harsh criticism from many of the site's users for one of his posts on X.

His post said an interview between former Fox News host Tucker Carlson and podcaster Darryl Cooper – also a right-wing media star – was “very interesting. Worth watching.”

Cooper claimed in the interview that the Nazis did not intend to murder so many people when they carried out the Holocaust, killing 6 million Jews in World War II. Instead, Cooper noted, Adolf Hitler's Nazi regime was simply not equipped to deal with them – and the podcaster blamed British Prime Minister Winston Churchill for “making that war what it became.”

Musk eventually deleted his post and the White House condemned Carlson's interview with Cooper as “a disgusting and sadistic insult to all Americans.”

The billionaire announced in August that he would support Donald Trump, the Republican candidate seeking a second presidency in the November election. Democratic Vice President Kamala Harris is also running in the election.