A recent analysis from wealth tracking group Informa Connect Academy has projected that Tesla and SpaceX CEO Elon Musk could become the world’s first trillionaire by 2027. This is, at least, if Musk’s net worth continues to grow at its average annual rate of 110%.
Elon Musk is currently listed as the world’s wealthiest person, with a net worth of $237 billion, as per the Bloomberg Billionaires Index. Following Musk is fellow tech titan Jeff Bezos, who is currently listed with a net worth of $195 billion. Luxury goods tycoon Bernard Arnault, who previously dethroned Musk as the world’s richest person, now stands in third place with a net worth of $181 billion.
Informa Connect Academy noted that Elon Musk’s net worth has been growing at an average rate of about 110% annually. It should be noted, however, that much of Musk’s net worth is tied to his 13% stake in electric vehicle maker Tesla, whose stock is known for its extremely volatile nature. Musk’s net worth is also bolstered by his 42% stake in private space firm SpaceX, whose Starlink system now dominates the number of satellites that are currently in orbit.
Apart from Musk, the wealth tracking group also noted that Tesla is likely to return to its trillion-dollar valuation sometime next year. This is reportedly due to Tesla’s annual growth rate of about 173.32%. Interestingly enough, Tesla had previously achieved a market cap of more than $1 trillion, though that was before CEO Elon Musk opted to sell some of his shares to help fund his takeover of social media platform X, then called Twitter.
Apart from Musk’s net worth and Tesla’s valuation, Informa Connect Academy also discussed the electric vehicle maker’s learning and development initiatives, which are quite impressive in their own right. These include the Tesla START program, which helps students gain skills that would be useful for a sustainable economy, as well as online and offline training programs for its existing employees. Tesla reportedly also uses blended mobile learning strategies for its employees to great effect.
