The trillion dollar club is gaining traction fast. Elon Musk is on truck to become a trillionaire by 2027 according to a report by Informa Connect Academy.
Elon Musk is the owner/founder of SpaceX and Tesla. He also used to be a CEO of Twitter now X which he acquired for $44 billion.
Elon Musk’s wealth has been growing 110 percent per year. According to Bloomberg Billionaires Index, Elon Musk has a net worth of $251 billion and is the richest person in the world. He effectively has potential for the trillion dollar club.
The second person who is likely to join the trillion dollar club by 2028 is Gautam Adani of India. They will achieve this new status if their growth rate is maintained.
Companies with trillionaire status
A number of companies have their valuations in trillions. For instance, Warren Buffet’s Berkshire Hathaway and Nvidia are trillion dollar companies.
The first billionaire in the world
The world received their first billionaire in 1916. He was John D Rockefeller of Standard Oil company.
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