Based on Bloomberg’s Billionaires Index, Musk, 53, is currently the richest person in the world with a net worth of $251 billion (£191 billion).
Nonetheless, the results of Informa Connect Academy show that his fortune has been increasing at a pace of 110% annually on average.
Assuming that his fortune keeps increasing at the same pace, the results indicate that he may become a trillionaire in the next three years.
According to the 2024 Trillion Dollar Club estimate, Musk’s electric vehicle company, Tesla, is valued at $669.3 billion (£509.7 billion) on the market.
According to Informa Connect Academy, it is growing at an incredibly fast pace of 173.3% annually, which implies that by the next year, the company alone may surpass $1 trillion (£0.76 trillion).
Not surprisingly, Apple ($3.3tn or £2.5tn) and Microsoft ($3.4tn or £2.6tn) were the two richest businesses as determined by the growth report.
The two tech behemoths each crossed the $1 trillion threshold in 2019 and 2018.
According to Informa Connect Academy, Gautam Adani, the founder of an Indian corporate conglomerate, is the second most likely person to become a trillionaire.
