Elon Musk Could Be First Trillionaire by 2027, Predicts Wealth-Tracking Website

Informa Connect's Forecast

Informa Connect, a wealth-tracking website, has predicted that Elon Musk could potentially become the world's first trillionaire by 2027. This forecast may be discouraging for Adam Neumann, the co-founder of WeWork, who in 2019 expressed his desire to become the first trillionaire and live indefinitely.

Informa Connect's projection is based on the assumption that Musk's wealth will continue to grow at an annualized rate of 110%. As per Bloomberg's wealth index, Musk currently has a net worth of $237 billion. To reach the trillion-dollar mark by 2027, his wealth would need to quadruple within the next few years.

Insights from Informa Connect

The British data firm provided further insights into Musk's wealth. Elon Musk, the founder of Tesla, a rapidly growing automotive company, and SpaceX, a manufacturer of advanced rockets and spacecraft, is widely known. He is also the person responsible for Twitter's rebranding to X. With a net worth of $195 billion and an average annual growth rate of 109.88%, Musk is the clear favorite to become the first trillionaire by 2027.

Musk's Wealth and SpaceX

A significant portion of Musk's wealth comes from Tesla's dominance in the electric vehicle industry. The next increase in Musk's wealth is expected to come from the space race and SpaceX's dominance in rocket launches and space internet. In June, Bloomberg reported that SpaceX was valued at approximately $210 billion. It has been noted several times that SpaceX's Starlink could be close to an initial public offering, which could further increase Musk's wealth.

Where is Neumann Now?

As for Neumann, his current activities remain unclear following the collapse of WeWork.

Bottom Line

The projection of Elon Musk becoming the world's first trillionaire by 2027 is indeed a fascinating one. It's a testament to the rapid advancements in the tech and space industries and the immense wealth they can generate. But what are your thoughts on this? Do you think Musk will reach this milestone? Feel free to share this article with your friends and discuss it. Don't forget to sign up for the Daily Briefing, which is delivered every day at 6pm.