Elon Musk Could Become World’s First Trillionaire By 2024, Report Says

While the world’s richest man, Elon Musk, is vocal and may annoy many people on a regular basis, there’s no question about his huge popularity and immense success. Musk might become the first individual in history to have a $1 trillion net worth as soon as 2024, according to a new study Tipalti Approve released on Monday.

According to the Approve report, “since 2017, Musk’s fortune has shown an annual average increase of 129%, potentially seeing him enter the trillion-dollar club in just two short years, achieving a net worth of $1.38 trillion by 2024 at age 52. SpaceX generates massive incomes by charging governmental and commercial clients to send various things into space, including satellites, ISS supplies, and people.”

Study predicts Elon Musk will be the world's first trillionaire in 2024

Musk has become the wealthiest person on the planet, having surpassed former Amazon CEO Jeff Bezos to claim the title last year. Despite his media appearances and private jet excursions throughout the world, many close to him have stated that he does not place a high value on riches. The CEO downsized from his luxurious properties in California to a little home in Texas.

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Musk has a net worth of about $260 billion, according to Forbes’ Real-Time Billionaires list. His wealth has risen dramatically in recent years due to his ownership of Tesla, which has seen a massive increase in value since 2020. In addition, Musk’s net worth has also risen due to SpaceX, and it has the potential to expand much faster in the next two years.

Elon Musk on Track to become the World's First Trillionaire

There are many more billionaires who will become trillionaires in the future. However, based on the data, Musk is sure to get the title before his contemporaries.

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