Back in 1916, newspapers around the United States were abuzz with news of the world’s first billionaire. It was a milestone that seemed unattainable until Standard Oil’s share price soared to $2,014, making John D. Rockefeller a likely candidate for billionaire status. Fast forward to the present day, and the world is now fixated on a new goal: the race to become the first trillionaire.
Today, the question on everyone’s mind is who will be the first individual to reach trillionaire status. According to a report by Informa Connect Academy, Tesla CEO Elon Musk is predicted to be the frontrunner in this race. With a current wealth of $251 billion, Musk is forecasted to achieve trillionaire status by 2027 if his wealth continues to grow at an annual rate of 110%. Following closely behind are India’s Gautam Adani and Nvidia’s CEO Jensen Huang, who could both reach this milestone by 2028 if their wealth growth rates remain consistent.
The report also mentions Indonesia’s Prajogo Pangestu and LVMH CEO Bernard Arnault as potential trillionaires by 2028 and 2030, respectively. Even Meta CEO Mark Zuckerberg is slated to join the trillionaire club around the same time. Surprisingly, some prominent billionaires like Jeff Bezos, Larry Page, and Sergey Brin are not expected to reach trillionaire status until 2036, despite their current vast fortunes.
While the idea of the first trillionaire is intriguing, it’s essential to note that predictions in the world of wealth may not always be accurate. The rapid growth of companies like Tesla, Nvidia, and LVMH may slow down in the coming years, affecting the timeline for the first trillionaire. Additionally, advancements in technology and other external factors could either accelerate or decelerate the wealth accumulation of these individuals.
As we look ahead to the possibility of the world’s first trillionaire, it’s clear that the race is on. With multiple contenders vying for the coveted title, the next decade could see the crowning of a new economic milestone. Whether it’s Elon Musk, Gautam Adani, or another wealthy individual who claims the title, one thing is certain: the road to trillionaire status is paved with uncertainty and fierce competition.