Elon Musk is on pace to become the world’s first trillionaire by 2027, according to a new report from a group that tracks wealth.

Informa Connect Academy’s finding about the boss of electric carmaker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) stems from the fact that Musk’s wealth has been growing at an average annual rate of 110%. He was also the world’s richest person, with $251bn, according to the Bloomberg Billionaires Index, as the academy’s 2024 Trillion Dollar Club report began circulating Friday.

The academy’s analysis suggested business conglomerate founder Gautam Adani of India would become the second to achieve trillionaire status. That would reportedly happen in 2028 if his annual growth rate remains at 123%.

  • @jj4211
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    19 days ago

    Generally accurate, but need to address ways they get money whole avoiding realization of taxable capital gains (e.g. borrowing).

    But yes, even if he is a paper trillionaire, you won’t find people willing to actually give him a trillion dollars for his stocks. It’s still some absurdly high number, but our math does not really model exactly what the “real” wealth would be.