Elon Musk could become world's first trillionaire by 2027

Elon Musk could become the first trillionaire within the next couple of years, according to a new report.

Informa Connect Academy identified Musk, the CEO of Tesla, SpaceX and X, as the "clear favourite" to amass a 13-figure net worth before any other billionaires in a recently released report.

Musk, who is worth $241.8 billion, according to Forbes, could reach a staggering new level of wealth by 2027 thanks to how quickly his net worth increases each year, the report estimated.

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His personal fortune climbs nearly 110% each year on average, Informa Connect Academy found.

The tech leader became a billionaire in 2012 and has since seen his net worth swell to the largest of any in the world, according to Forbes. 

Some others may not be far behind Musk in becoming trillionaires.

The net worth of three billionaires – Adani Group Chairman Gautam Adani, Nvidia CEO Jensen Huang and Barito Pacific founder Prajogo Pangestu – could each breach the threshold in 2028, Informa Connect Academy predicted. Their net worth has each reportedly averaged more than a 100% increases each year.

LVMH CEO Bernard Arnault is likely to do so two years later.

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The report also forecast companies whose market capitalizations could soon climb to at least $1 trillion and make them among the handful of firms to have already accomplished that feat.

It ranked Taiwan Semiconductor Manufacturing Co. at No. 1, predicting a trillion-dollar market cap for the company next year.

Eli Lilly, Broadcom and Tesla were among the other firms that the Informa Connect Academy report projected would see their market cap hit $1 trillion in 2025.

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