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Elon Musk to Become First Trillionaire in the World in 2024

Elon Musk

Elon Musk, the CEO of Tesla and SpaceX, might become the first individual to amass a $1 trillion net worth as soon as 2024, according to a new analysis. According to Teslarati, Musk is currently the world’s richest person, having surpassed former Amazon CEO Jeff Bezos in 2021 to earn the position.

While Musk has repeatedly said that material belongings are unimportant to him, eventually selling nearly all of his personal assets as proof, a recent analysis from Tipalti Approve says he might become the first person to ever amass a $1 trillion net worth.

Elon Musk net worth is above $260 billion, according to Forbes’ Real Time Billionaires list, over $70 billion higher than Jeff Bezos’ current estimate of $190 billion. His fortune has risen dramatically in recent years as a result of his controlling ownership of Tesla, which has seen a significant increase in value since 2020. Musk’s net worth has soared as a result of SpaceX, and the company could see much greater growth in the next two years.

“Since 2017, Musk’s fortune has increased by 129% on a yearly basis, putting him on track to join the trillion-dollar club in just two years, with a net worth of $1.38 trillion by 2024 at age 52,” Tipalti Approve, the study’s authors, wrote in their research.

“SpaceX makes a lot of money by charging governmental and commercial clients to transport stuff into space, like satellites, ISS supplies, and people,” it continued. Other billionaires are expected to join Musk in the trillion-dollar club, but not before him, according to the report.

TikTok founder Zhang Yiming is expected to attain a $1 trillion net worth by 2026 at the age of 42, making him the world’s youngest trillionaire. It’s possible that Bezos won’t reach the threshold until 2030. Bezos set a new record for net worth by surpassing $100 billion before any other businessperson on the planet.

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