Tesla CEO Elon Musk is paving the way to become the first trillionaire of the world by 2024 as it is believed his net worth may grow to over $250 billion to $1 trillion in the period of next two years. His net worth has been on the rise by about 129 percent annual average since 2017.
Musk will be aged 52 in 2024 and based on his annual average growth calculation his net worth may hit $1.38 trillion then. He may be followed by TikTok founder Zhang Yiming, who is expected to touch the mark of a trillion by 2026. Amazon founder Jeff Bezos is learned may become a trillionaire by 2030, writes a report published by Tipalti Approve.
Bloomberg Billionaires Index reveals Musk became the richest person in the world in 2021 and he replaced Bezos. Tech stocks have been significantly down in recent weeks due to geopolitical tensions in many countries and the net worth of Musk simultaneously slipped to $200 billion for a short period of time.
The SpaceX founder is simultaneously facing trouble with the SEC related to the selling of Tesla shares by his broker Kimbal Musk a day before a poll was tweeted by him asking followers whether to sell some of his shares. This resulted in moving the price of shares up to an all-time high.
The current net worth of Musk is about $270 billion. The data is revealed from the Real Time Billionaires list by Forbes.
Elon Musk was born in June 1971 as Elon Reeve Musk. He was born and raised in Pretoria, South Africa, and moved to Canada at age 17. He attended Queen's University first and thereafter the University of Pennsylvania.
Must is an early-stage investor of Tesla and founded SpaceX and The Boring Company. He simultaneously co-founded OpenAI and Neuralink.
Tesla was founded in July 2003 by Marc Tarpenning and Martin Eberhard. It is an electric vehicle company headquartered in Austin, Texas, US. Ian Wright joined as the third employee a couple of months later and the company raised a fund of $7.5 million in February 2004. Elon Musk contributed $6.5 million alone and became the chairman of Tesla's board of directors.
Elon Musk founded Space Exploration Technologies Corp. in March 2002 and headquartered it in Hawthorne, California, US. It is an aerospace manufacturer and focused to provide services related to space transportation. The primary goal is to reduce the costs of space transportation.