Not so long ago, Elon Musk competed with Jeff Bezos for the position of the richest man in the world. Now, a new study predicts that the CEO of Tesla could become the world’s first trillionaire by 2024.
It will help the growth of SpaceX and Tesla and will help the entrepreneur to take the first place on the platform.
So far, Elon Musk She has a net worth of $200 billion US Dollars. However, a new study by Tipalti . approval Ensures that the CEO of Tesla and SpaceX is on a good path to becoming the world's first trillionaire by 2024.
Since 2017, Musk's fortune has shown an average annual increase of 129%, which could see him enter the billion dollar club in just two short years, bringing his net worth to $1.38 billion in 2024 at the age of 52. SpaceX generates huge revenue by charging government and commercial customers to send various things into space, including satellites, ISS supplies, and people.
Return to the study.
According to the Bloomberg Billionaires Index, a ranking of the 500 richest people, Elon Musk has been the richest person in the world since January, after he surpassed Amazon founder Jeff Bezos. At that time, the net worth of the first company was $188.5 billion. Although Jeff Bezos overtook Musk in the race in February, the Tesla CEO now has a net worth of $200 billion.
The study compared the annual net worth of the world's richest people and estimated how quickly they would reach $1 billion in personal worth based on average annual growth trends. Elon Musk could be the world's first trillionaire by 2024.
In addition to Tesla's CEO, the Tipalti Approve study also cited Gautam Adani, chairman and founder of Adani Group, Bill Gates, founder of Microsoft, and Zhang Yiming, chairman and founder of Beijing ByteDance Technology Co. and Amazon founder Jeff Bezos.
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