Elon Musk is the richest man in the world according to Forbes with a fortune that amounts to 267 billion dollars. The CEO of Space X and Tesla could now become the first trillionaire in history within two years according to a recent study by Approve which compared the annual net worth of the richest people in the world.
Elon Musk’s fortune grows every year through both physical and virtual investments and his company SpaceX is currently valued at US$100 billion. Depending on the exponential growth of his fortune, he could become the world’s first trillionaire in 2024 (a trillion is equal to a billion billion) and Approve “Since 2017, Musk’s fortune has seen an average annual increase of 129%, which could potentially see him enter the trillion dollar club in just two short years, reaching a net worth of $1.38 trillion. dollars by 2024 at 52 years”. The study adds that “SpaceX generates massive revenue by charging government and commercial customers to send various objects into space, including satellites, supplies for the ISS and people.”
According to the same study, Jeff Bezos and Bill Gates are not far in the race and could also become trillionaires one day (in 2030 for Jeff Bezos according to Approve). But they could be overtaken by Zhang Yiming, the creator of TikTok who could become the youngest trillionaire in the world in 2026, at just 42 years old.