Musk expected to become world's first trillionaire by 2027

Musk is on track to become the world's first trillionaire by 2027, according to a new report from a wealth tracker. The report, from Informa Connect Academy, notes that Musk's wealth from electric car maker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) continues to grow at an average annual rate of 110%. Musk is currently the world's richest man with $251 billion, according to the Bloomberg Billionaires Index. The report began circulating on Friday. The report analysis also points out that Indian business magnate Gautam Adani is on track to become the second trillionaire. If his wealth continues to grow at an annual rate of 123%, he is expected to reach this achievement in 2028. In addition, technology company Nvidia CEO Huang Renxun and Indonesian energy and mining tycoon Prajogo Pangestu are also likely to become trillionaires in 2028, provided that their wealth growth trajectory remains unchanged. And LVMH Moët Hennessy Louis Vuitton CEO Bernard Arnault (the world’s third-richest person with about $200 billion) is expected to surpass $1 trillion by 2030, the same year as Meta CEO Mark Zuckerberg.