Wealth seems to have no limit. Generations ago, becoming a millionaire was the dream of the average American. By 2023, the number of millionaires in the United States had approached 22 million. Now, you need to become a billionaire to attract attention. A new study is predicting who will become the world’s first trillionaire.
According to a new report from Informa Connect Academy, based on the average annual wealth growth rate, Tesla’s CEO Elon Musk has the highest potential to become the first trillionaire.
Elon Musk is currently the richest person in the world with $251 billion, according to the Bloomberg Billionaires Index. Informa Connect Academy predicts that if his wealth continues to grow at an average rate of 110% per year, Musk will become a trillionaire in 2027.
The report also mentions Gautam Adani, founder of the Adani Group in India, as the second person likely to reach trillionaire status. If Adani maintains his recent 123% annual growth rate, he could become a trillionaire in 2028.
Jensen Huang, CEO of Nvidia, has seen his wealth rise from $30 billion to over $900 billion in five years, making him a potential trillionaire by 2028 if his wealth continues to grow at an average rate of 112% per year. Nvidia’s stock has already risen by about 115% this year and more than tripled last year.
Prajogo Pangestu from Indonesia, founder of the conglomerate Barito Pacific, is predicted to reach trillionaire status in 2028.
Bernard Arnault, CEO of LVMH, currently the world’s third richest person with nearly $200 billion, is expected to become a trillionaire in 2030. Meta CEO Mark Zuckerberg also has a similar likelihood.
Despite some seemingly strong billionaire candidates, not all have made it to the top ten. Jeff Bezos, the world’s second richest person with $200 billion in assets, is ranked 12th and is expected to become a trillionaire by 2036. Google founders Larry Page and Sergey Brin are also expected to become trillionaires after 12 years.
However, research is just research, and reality may present a different scenario. Informa Connect Academy also warns in the report that the stock prices of Tesla, Nvidia, and LVMH may not rise as rapidly in the next five years as they have in the past five years. On Wednesday, global stock markets fell, with technology stocks taking a hit due to record selling by Nvidia.
Despite this, Nvidia remains one of the highest-valued companies, exceeding $2 trillion in market value. The company joined the trillion-dollar club last year. At least six companies have joined this “13-digit club” with the latest addition being Berkshire Hathaway, which reached a market value of $1 trillion before Warren Buffett’s 94th birthday.
$1 trillion is represented by the number 1,000,000,000,000. This is a staggering amount, equivalent to Turkey’s Gross Domestic Product (GDP) of $1.1 trillion in 2023.
According to Investopedia, $1 trillion is enough to buy out ExxonMobil, McDonald’s, and Coca-Cola’s shares, with millions to spare.