- Is there competition to be the world’s first Trillionaire? YES And we will see this happen in 2024.
* The world today has a large supply of millionaires and more than 2,700 billionaires, but the first trillionaire remains to emerge.- * As wealth becomes increasingly concentrated, the first trillionaire may be among today’s richest people, or could come out of nowhere based on a new, trillion-dollar idea.
- * A trillion dollars is a mind-boggling amount of money, exceeding the gross domestic product of many nations.
New York CNN September 2024 —
Elon Musk’s sprawling empire — spanning everything from electric vehicles and social media to space rockets and miniature brain implants — may soon make him the world’s first trillionaire.
Musk’s business success has made him one of the most influential — and controversial — people in the world. The Tesla boss is already the richest person on the planet, with a fortune estimated at nearly $250 billion.
Now, Musk could become the world’s first trillionaire, a milestone that Informa Connect Academy says he’s on track to hit by 2027.
Informa notes that Musk’s net worth has been growing rapidly at an average rate of 110% per year, making him the “clear favorite” to hit the $1 trillion first.
Musk does face competition though. Read full CNN article
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