Elon Musk, the CEO of Tesla, SpaceX, and X (formerly Twitter), is projected to become the world’s first trillionaire by 2027, according to a recent report. His wealth has been increasing at an astonishing rate of 110% annually, with his current net worth estimated at $251 billion, as per the Bloomberg Billionaires Index.

The report also indicates that other billionaires may soon follow Musk’s lead. Indian business magnate Gautam Adani is predicted to reach trillionaire status by 2028, while figures like Nvidia CEO Jensen Huang and Prajoo Pangestu are also expected to join the trillionaire ranks in the near future.

Moreover, billionaires such as Bernard Arnault and Facebook founder Mark Zuckerberg are forecasted to achieve trillion-dollar net worths by 2030. Meanwhile, some major companies have already surpassed significant financial benchmarks, with Berkshire Hathaway and Nvidia recently hitting a $1 trillion valuation.

These predictions underscore the increasing wealth accumulation among individuals and corporations, largely fueled by technological advancements and global market growth. Musk, in particular, has consistently pushed the envelope with his ventures in electric vehicles, space exploration, and social media.