In addition to world’s richest person, who has $251bn, report names others on track to receive trillionaire status

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%.

  • Angry_Autist (he/him)English
    2•9 days ago

    In higher circles, wealth is considered a measure of competence.

    It is a core tenet of capitalism: “Well if he’s such a bad businessman, why is he so rich?”

    One of the ways they hide their incompetence is buying the talents of other, actually skilled people.

    Another is ostentatious displays of wealth to impress other members of the owner class of your absolute flushness of cash and calmness of mind to keep faith in whatever your schemes are this week to stay relevant

    Billionaires should not exist, and a trillionaire is simple an abomination