In addition to world’s richest person, who has $251bn, report names others on track to receive trillionaire status

Elon Musk is on pace to become the world’s first trillionaire by 2027, according to a new report from a group that tracks wealth.

Informa Connect Academy’s finding about the boss of electric carmaker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) stems from the fact that Musk’s wealth has been growing at an average annual rate of 110%. He was also the world’s richest person, with $251bn, according to the Bloomberg Billionaires Index, as the academy’s 2024 Trillion Dollar Club report began circulating Friday.

The academy’s analysis suggested business conglomerate founder Gautam Adani of India would become the second to achieve trillionaire status. That would reportedly happen in 2028 if his annual growth rate remains at 123%.

  • @AdamEatsAss@lemmy.worldEnglish
    177•11 days ago

    This is a stupid article. I don’t think we can expect him to see 123% growth rate for 3 more years. That’s like saying my kid grew 6 inches this year by the time they’re 40 they will be 19 feet tall.

    • IninewCrowEnglish
      33•11 days ago

      Not only is it stupid for exaggeration but for also glossing over the idea that it’s logical, sensible or moral for any person to own so much wealth that they would never be able to enjoy even just 1% of that during a single lifetime.

      It’s completely absurd also from the thought that as one person owns enough wealth to pay for the lives of millions of people … millions of people are living in complete poverty and starvation.

      We look through ancient history and laugh at the thought of our ancestors who worshipped kings, queens, god men, emperors and all powerful leaders … we’re still doing the same thing.

      These thoughts don’t just reflect on people like Musk but on all of us for thinking and accepting that this is all normal behavior for what we all like to think is a modern sophisticated society.

    • @slaacaa@lemmy.worldEnglish
      5•10 days ago

      Solid journalist math. According to this logic, if I keep pressing the gas pedal on a 1.0 VW Golf, it will reach the speed of light by 2028. Amazing performance for such a small machine