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%.

  • shinratdr@lemmy.caEnglish
    20·
    2 months ago

    I’ll believe it when I see it. He made his good financial decisions when he wasn’t full mask-off insane, since his wife left him and his daughter disowned him he’s had more important things to deal with, like wasting his money turning back the clock so neither of them have any rights anymore. Currently he is just banking off of those good early decisions.

    I won’t speak to the specific financials of his companies, but I don’t see him maintaining his current growth rate while so distracted for much longer. I also see his attachment to companies as a growing impediment, not an asset.

    • NotMyOldRedditName@lemmy.worldEnglish
      5·
      2 months ago

      The only way this would be conceivable is if FSD actually worked, the robot works and change everything we know, or spacex is sending hundreds of ships to Mars each window.

      Doesn’t seem possible, nor do I think solving only 1 of the above makes it possible.

      Edit: or we wait long enough for inflation to make today’s assets at a future inflated value be worth that much without losing any of it in the meantime…

    • CanadaPlus@lemmy.sdf.orgEnglish
      2·
      2 months ago

      Nobody actually beats the market. I’m pretty sure the insanity was there all along; he just got lucky several times in a row.