Elon Musk Could Soon Become The World's First Trillionaire And That Sucks
If you’re the type of person who feels one trillion dollars is too much money for any single human to have, and you feel Elon Musk doesn’t deserve all the money he already has, then I’ve got some bad news for you. Thanks to six companies Musk currently leads – Tesla, SpaceX, X, xAI, The Boring Company and Neuralink – he has become the richest person on Earth with an estimated net worth of around $250 billion, according to Forbes.
Walter Isaacson On Elon Musk(s)
However, it doesn’t look like this wealth hoarding is going to stop anytime soon. Musk is actually on track to become the world’s first trillionaire. Yes, trillionaire, and he’s slated to hit it by 2027 according to a report from CNN. We live in cursed times.
A spokesperson from Informa Connect Academy – an organization that tracks this sort of stuff – notes that Musk’s net worth has been growing rapidly at an average rate of 110 percent per year. It makes him the clear favorite to cross the dubious trillion-dollar mark.
Here’s how things could shake out for Musk and other billionaires who hope to become evil amounts of wealthy, from CNN:
The meteoric rise of Nvidia, the company whose computer chips are powering the artificial intelligence boom, could make Jensen Huang a trillionaire in 2028, according to Informa. Huang, Nvidia’s CEO and co-founder, has a net worth of $104 billion, according to Bloomberg.
Indian billionaire Gautam Adani is also on track to become a trillionaire by 2028.
As Informa points out, where Musk ends up is heavily dependent on how Tesla fairs in the coming years.
The EV maker founded by Musk has become the world’s most valuable auto company, with a price tag of about $710billion. That makes it worth more than Coca-Cola, Bank of America and Boeing combined.
Tesla is easily Musk’s biggest asset. He owns nearly 13% of the company, a stake worth about $93 billion at current prices.
Musk owns another 303 million stock options linked to his epic and controversial compensation package, which was struck down by a judge but then revived and approved by shareholders.
If Tesla continues to thrive, it could push Musk’s fortune beyond $1 trillion. “We believe Musk has positioned himself to achieve new heights over the coming years as Tesla capitalizes on full self-driving, Robotaxis and the future of EVs,” Dan Ives, senior equity analyst at Wedbush Securities, told CNN in an email.
Of course, Tesla isn’t the only thing Musk owns, as CNN explains:
He also owns stakes in tunnel construction company The Boring Company and artificial intelligence startup xAI.
And then there’s SpaceX, the spacecraft maker that made history on Thursday by pulling off the first non-government spacewalk ever.
As Bloomberg notes, Musk owns about 42% of SpaceX, a private company valued in June at a whopping $210 billion.
Musk also owns Neuralink, a brain chip implant startup that hopes to help people who are paralyzed regain movement.
A slice of Musk’s wealth also comes from perhaps his most controversial business: social media platform X. Musk acquired X (formerly known as Twitter) in 2022 — after at first trying to get out of the $44 billion deal.
So, folks, enjoy the next few years while you can. Soon we will be fighting in The Water Wars and Elon Musk will be counting his $1 trillion from Mars.*
*His home in Texas
