Today, people rush to become billionaires, but Elon Musk alone is expected to become a trillionaire shortly, perhaps in 2027. Presently, Musk’s fortune is estimated to be in the region of $248 billion per Forbes.
Elon Musk is on Track to Become the World’s First Trillionaire
The billionaire’s fortune should increase more than four times in three years thanks to the increase in Tesla’s share, which has grown by 173% per year. Such a trajectory puts Tesla on the path towards getting to $1 trillion market capitalization by 2025 – and propelling Musk’s financial success even higher.
These figures put Tesla at around $669 billion in today’s market value. Experts continue to think that if the company continues to grow at the same pace, then the lost $1T of market capitalization may be regained by 2025. This is important because Tesla was the first car manufacturing company to achieve a trillion-dollar market capitalization in early 2022, but it has encountered some problems that have also affected its stock and market status.
Currently, whilst EVs lie at the forefront of Musk’s strategic thinking, and beyond pure transportation, Tesla could, hypothetically, apply humanoid robotic technology and self-driving cars to increase its market capitalization in the future continuously.
He has voiced his opinion on his blog that Tesla will be worth $30 trillion and that its revenue will be generated through the sale of robots as well as through the establishment of a fleet of self-driving cars that he pictures as a blend of Uber and Airbnb companies.
Other Billionaires on the Path to Trillionaire Status
Besides Musk, other billionaires are expected to become trillionaires in the future as the following table shows. This year, only Gautam Adani of India is projected to achieve this feat by 2028 with a current net worth of $84 billion and a yearly growth rate of 122.86%. In the same way, Nvidia CEO Jensen Huang is projected to reach a trillionaire by 2028 with a current estimated net worth of $77 billion and a growth rate of 111.88%.
Other famous personalities are Bernard Arnault, the chairman of LVMH, Trillionaire by 2030, and Mark Zuckerberg the founder of Meta – Trillionaire by 2030. Jeff Bezos and Larry Ellison have also been placed on the list along with expected value by 2036 and 2035 respectively.
The Trillion-Dollar Club
As of now, Microsoft, Apple, Amazon, Alphabet, Johnson & Johnson, Facebook, and Berkshire Hathaway have reached a market capitalization level of more than $1 trillion. More firms are eye the prestigious list, even though only a few firms are expected to be in the trillion-dollar market capitalization club by 2025, with TSMC and Berkshire Hathaway in the lead.
The emergence of the new global economy and increasing chances of accumulating enormous capital for some of the successful top business managers are concerns such as the relevance of extreme wealth. However, the probability of Musk and others becoming trillionaires shows that present-day Business has its twists and turns but people are always busy inventing new technologies and more.
Conclusion
Elon Musk’s movement is an indication that it is within the capabilities of man to be the first trillionaire and also to reshape the dimension of wealth in the twenty-first century. Tesla has grand expansion plans, and Musk comes up with great concepts and visions; therefore, the next five years will be decisive. In light of the emergence of a new wealthy society, what the future holds for the specific aspects of the economy and larger society still needs to unravel.
