Top 10 billionaires set to become trillionaires by 2030—Musk and Adani on track

Since then, many individuals have made significant contributions to their industries and have achieved billionaire status.

Fast forward a century later, after the first U.S. billionaire in dollar terms, the question of who will be the first to reach the trillionaire mark continues to fascinate.

Notably, at least a half-dozen companies have achieved trillion-dollar valuations, with Microsoft leading the way at $3.357 trillion in market cap.

Elon Musk, the CEO of Tesla and the world’s richest person with a net worth of $251 billion, is projected to become the first trillionaire by 2024, according to a new report from Informa Connect Academy.

The report predicts this based on the average annual growth rate in wealth, with it forecasting that if Musk’s wealth continues to grow at an annual average rate of 110%, he is likely to become the world’s first trillionaire by 2027.

Following Musk, the second person to reach trillionaire status, according to the report, will be India’s Gautam Adani, founder of the Adani Group conglomerate.

The report suggests that if Adani can maintain his recent annual growth rate of 123%, he will achieve trillionaire status by 2028.

Jensen Huang, CEO of Nvidia, is also expected to become a trillionaire by 2028, according to the report, with his wealth needing to continue growing at an average annual rate of 112%.

Nvidia’s stock has already seen a significant increase, up about 115% this year after more than tripling last year.

Top 10 billionaires most likely to become trillionaires:

In an interesting twist, Musk and Adani have surpassed people who once reigned as the richest—LVMH’s Bernard Arnault and Reliance Industries’ Mukesh Ambani.

Reports indicate that Arnault is projected to achieve trillionaire status by 2030, while Ambani is expected to reach that milestone by 2033.

Mukesh and Nita Ambanis with LVHM’s Bernard Arnault at the Paris Olympics 2024. (Source: Instagram/@ambani_update)

Top 10 richest people in the world, who are on track to become the world’s first trillionaires by 2030, based on their present net worth and annual wealth growth rates:

Source: Informa Connect

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