Elon Musk is currently the richest man in the world and he could become the first trillionaire in history in 2024. The CEO of Tesla and SpaceX would thus overtake Jeff Bezos, former boss of Amazon and second richest man in the world .
Elon Musk is the richest man in the world with an estimated net worth of over $267 billionaccording to the Forbes ranking. He overtook Jeff Bezos, the former boss of Amazon, whose net worth is more than $189 billion. The CEO of Tesla and SpaceX is not interested in material possessions since he has sold his 7 real estate properties. He sold the last one a few months ago for $30 million.
With few material possessions, Elon Musk owes a large part of his fortune to Tesla. Indeed, the value of the automaker has exploded since 2020. SpaceX also plays an important role. The aerospace company founded by Elon Musk has become the second most valuable private company in the world. End of 2021, SpaceX’s market value has exceeded $100 billion. Now, Elon Musk could soon become the world’s first trillionaire.
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Elon Musk’s fortune has grown 129% per year since 2017
According to a study by Tipalti Approve, Elon Musk would become the world’s first trillionaire by 2024. The report explains that: Since 2017, Musk’s fortune has recorded an average annual increase of 129%, which could potentially see him enter the trillion dollar club in just two short years, reaching a net worth of $1.38 trillion. by 2024 at age 52 “.
SpaceX, which plans to send its Starship space transportation system into orbit as early as May, will contribute to this important step for Elon Musk. Tipalti Approve clarified that: “ SpaceX generates massive revenue by charging government and commercial customers to send various things into space, including satellites, resupply for the ISS, and people “.
Finally, other billionaires should also see their fortune exceed one trillion dollars, but not before Elon Musk. The founder of the social network TikTok, Zhang Yiming would become the world’s youngest trillionaire in 2026 at the age of 42. Jeff Bezos wouldn’t join the trillionaires club until 2030, six years after Elon Musk.