Elon Musk, the CEO of Tesla and SpaceX, could soon become the world’s first trillionaire, according to Informa Connect Academy.
Musk’s vast empire, which includes electric vehicles, space exploration, social media, and brain implants, has made him the richest person on the planet, with an estimated fortune of nearly $250 billion.
Informa projects that Musk could reach the $1 trillion milestone by 2027, as his wealth has been growing at an impressive average rate of 110% per year. This makes him the “clear favorite” to become the world’s first trillionaire. However, competition is brewing, with Nvidia’s CEO Jensen Huang and Indian billionaire Gautam Adani also expected to reach the trillionaire club by 2028. Huang’s rise is fueled by Nvidia’s role in the artificial intelligence boom, while Adani’s growing influence in infrastructure and commodities drives his rapid ascent.
Tesla, the electric vehicle company founded by Musk, remains his most significant asset, valued at approximately $710 billion. Musk owns nearly 13% of the company, translating to a stake worth about $93 billion at current market prices. In addition, Musk holds over 300 million stock options tied to Tesla’s success, a critical part of his compensation package. This package has been the subject of controversy but was eventually approved by Tesla shareholders after a legal battle.
Tesla’s future plays a crucial role in Musk’s trajectory toward becoming a trillionaire. Analysts at Wedbush Securities believe that Tesla’s advances in full self-driving technology, Robotaxis, and the electric vehicle market could push Musk’s fortune beyond $1 trillion. However, Tesla faces stiff competition, particularly from Chinese electric vehicle manufacturers offering more affordable options. Moreover, the company has dealt with setbacks, including multiple recalls, which have impacted its stock price.
Beyond Tesla, Musk’s wealth is supported by his other ventures. He owns about 42% of SpaceX, a private company recently valued at $210 billion. SpaceX has revolutionized space exploration, most notably achieving the first non-government spacewalk. Musk’s portfolio also includes The Boring Company, focused on tunnel construction, and Neuralink, a startup developing brain implants to help people with paralysis regain movement.
Additionally, Musk owns the social media platform X (formerly known as Twitter), which he purchased in 2022 for $44 billion. X has since faced declining value and criticism over content moderation policies and Musk’s own controversial statements. Most recently, Musk deleted a post where he questioned why former President Donald Trump had faced assassination attempts while President Joe Biden and Vice President Kamala Harris had not. He later claimed it was a joke.
As Musk continues to lead various groundbreaking projects across multiple industries, his potential to become the world’s first trillionaire remains contingent on Tesla’s performance and the success of his other ventures. Still, given his track record, many believe Musk is on the verge of achieving unprecedented financial heights.
