Does the world really need a trillionaire?
Elon Musk is on course to become the world’s first trillionaire in terms of net worth by 2027, a new report has suggested.
There are already people who question the existence of billionaires, they ask whether such wealth and worth ought to be concentrated in the hands and various bank accounts of one individual.
Planet Earth getting its first trillionaire would probably give them an aneurysm, perhaps doubly so given the identity of the man predicted to be first to that milestone.
There are already businesses which are valued at more than a trillion dollars, and at present, according to the Bloomberg Billionaire’s Index, the net worth of Musk is hovering somewhere around a quarter of that.
So how’s he going to quadruple his net worth and become a billionaire by the time it’s 2027?
Is it good to have trillionaires? (Apu Gomes/Getty Images)
According to research from Informa Connect Academy, Musk’s net worth is growing at a rate of 109.88 percent meaning it’s more than doubling year on year.
If that rate bears out for the next few years then it won’t be long at all before Musk passes the trillion dollar milestone.
He has his fingers in various pies including space, social media (much to the chagrin of many) and electric cars of varying notoriety.
Another recent development is his Neuralink brain implant, which is allowing people to control computers just by thinking.
A quadriplegic man who was fitted with one of the devices demonstrated that he could use it to play chess, and admitted that he stayed up until the early hours of the morning playing video games.
Elon Musk’s net worth is reportedly growing at a rate of 109.88 percent (Joe Raedle/Getty Images)
The report reckons that if Musk does become a trillionaire in net worth by the time they predict then he won’t have long to wait before someone else joins him in that club.
They reckon that Indian businessman Gautam Adani’s net worth is growing at a rate of 122.86 percent per year, meaning he’d be a trillionaire by 2028.
Of course there’s go guarantee that an individual’s net worth will continue to keep climbing, especially if they do things which might not bode well for their reputation.
Musk was recently named in a complaint filed by Olympic gold medal winning boxer Imane Khelif after she was subjected to abuse and harassment during the Paris 2024 Games.
Her attorney confirmed that both Musk and J.K. Rowling were named in a complaint filed with the Paris Prosecutor’s Office citing alleged ‘acts of cyber-harassment’.
In France, cyberbullying can result in fines or even prison sentences.
