Not only is Elon Musk estimated to be worth $1 trillion in the near future, but so is Tesla.
According to a new report, Elon Musk is on pace to become the world’s first trillionaire soon.
Musk currently has a net worth of $248 billion, according to Forbes’ wealthiest billionaires list. However, the Tesla and SpaceX CEO will reportedly quadruple his net worth in three short years.
Musk — already the world’s wealthiest person — is the “clear favorite” to become the first trillionaire by 2027, according to Informa Connect Academy.
The outlet noted that Musk’s net worth is growing at an average rate of 109.88% yearly.
Informa Connect Academy also named other billionaires who are likely to have a 13-figure net worth in the near future.
Indian billionaire business magnate Gautam Adani has an estimated net worth of $84 billion and an average annual growth rate of 122.86%. Adani is expected to become a trillionaire by 2028.
Nvidia CEO Jensen Huang has an approximate net worth of $77 billion and an average growth rate of 111.88% per year. Huang is estimated to become a trillionaire in 2028.
Prajogo Pangestu is an Indonesian business tycoon known for his involvement in the timber, petrochemical, and energy industries. He has a net worth of $43.4 billion and an average growth rate of 135.95% annually. Pangestu is expected to be a trillionaire by 2028.
Other notable billionaires are expected to become trillionaires.
Bernard Arnault is a French billionaire and chairman and CEO of LVMH Moët Hennessy Louis Vuitton — the world’s largest luxury goods conglomerate. Arnault and his family have a net worth of $172 billion. He could join the trillion-dollar club in 2030.
Mark Zuckerberg — the founder, chairman, and CEO of Meta, which he originally founded as Facebook in 2004 — is expected to become a trillionaire by 2030.
Amazon founder Jeff Bezos — currently the second-richest person in the world with a net worth of $197 billion — will reportedly become a trillionaire in 2036.
Oracle co-founder Larry Ellison — currently the third-wealthiest person in the world with a net worth of $192 billion — could become a trillionaire by 2035.
Microsoft co-founder Bill Gates — who has a current net worth of $136 billion — is estimated to become a trillionaire by 2054.
Seven companies currently have a market cap valuation of over a trillion dollars, including Microsoft ($3.394 trillion), Apple ($3.323 trillion), Nvidia ($3.057 trillion), Alphabet ($2.269 trillion), Amazon ($2.052 trillion), Saudi Aramco ($1.817 trillion), and Meta ($1.280 trillion).
The report from Informa Connect Academy also named companies that could soon climb to the trillion-dollar business club.
Taiwan Semiconductor Manufacturing Company Limited — the third-largest manufacturer of semiconductors in the world — currently has a market cap of $893 billion but could be worth a trillion by next year.
Berkshire Hathaway — the holding company led by billionaire investor Warren Buffett — has a current market cap of $874 billion and could reach a trillion in 2025.
Eli Lilly, the pharmaceutical giant, has a market cap of $823 billion and is estimated to be worth a trillion dollars next year.
Musk’s Tesla has a current market cap of $669 billion. Tesla has an annual growth rate of 173%, which would enable the electric car manufacturer to become a trillion-dollar company in 2025.
