Elon Musk is on track to become the world’s first billionaire in 2027, according to a report from Informa Connect Academy. The founder of Tesla, SpaceX and current owner of X, among others, is the billionaire most likely to reach this 13-figure mark, since his fortune continues to grow.
Currently, Elon Musk’s assets reach $240 billion, according to the Billionaires Index. Bloomberg. At the beginning of 2020, the businessman reached 28 billion, and at the end of that year, his fortune was valued at 167 billion. All thanks to Tesla stock, which rose from $30 per share in January 2020 to nearly $300 in early 2021.
Although his peak took place in November 2021, when his fortune broke all records by reaching $320 billion. So far, no one has reached this figure, although everything seems to indicate that it will not take long to reach a new record.
“If you look at the list of the richest Americans, whether it’s Elon Musk or Jeff Bezos, the reason people become super rich is because they start a business and grow it,” said James Pethokoukis, an economic policy analyst at the American Business Institute. “And the reason the company continues to grow is because it produces something valuable that people want,” he added in statements reported by CNBC. In this sense, Tesla occupies the twelfth position of the companies with the largest market capitalization, with a value that reaches 695 billion dollars.
With this, Connect Academy predicts that Musk will become a billionaire sometime in 2027, assuming his wealth continues to grow at an average annual rate of 110%. The second person who could achieve this status is the Indian Gautam Adani, founder of the Adani Group conglomerate, whose fortune is today estimated at $99.6 billion. If he maintains his recent annual growth rate of 123%, the report says he will be a billionaire by 2028.
Another who could achieve this goal in 2028 is Jensen Huang, CEO of Nvidia, the company with the second highest market capitalization with a value of $3.3 trillion. The Taiwanese migrant saw his assets increase from 3 billion to 120,000 in five years.
These are the 10 biggest fortunes of the moment
1. Elon Musk: 240 billion
2. Jeff Bezos: 212 billion
3. Mark Zuckerberg: 209 billion
4. Bernard Arnault: 190 billion
5. Larry Ellison: 185 billion
6. Bill Gates: 162 billion
7. Larry Page: 148 billion
8. Warren Buffett: 145 billion
9. Steve Ballmer: 145 billion
10. Sergei Brin: 139 billion
