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%.

  • vorticEnglish
    42•10 days ago

    Right now, if he were able to convert all of his $241.8B to cash, then distribute it evenly among all of the employees at all of his companies, he could give each of his 146,000 employees $1.6M.

    No one person should be that wealthy. I don’t necessarily think that billionaires should be abolished, but I do think they should be paying a shit load more in taxes than they are.

    Also, before anyone says it, yes, I know it’s not as simple as converting his holdings to cash. I’m just saying “if it were possible”.

    • @CanadaPlus@lemmy.sdf.orgEnglish
      7•10 days ago

      Right now, if he were able to convert all of his $241.8B to cash, then distribute it evenly among all of the employees at all of his companies, he could give each of his 146,000 employees $1.6M.

      Fun fact that this doesn’t work for every billionaire. Tech companies don’t employ very many people compared to their revenue.

      If you go by by profits returned to owners as opposed to sale value it’s even more stark. Amazon still hasn’t paid out anything; it’s all been plowed straight back into expansion.

      I don’t necessarily think that billionaires should be abolished,

      To piss off the remaining side of the political spectrum: Why not?