According to a report from software startup Tipalti Approve, Tesla CEO Elon Musk, whose latest business efforts include continuing discussions to purchase Twitter for $44 billion and developing a Tesla gigafactory in Austin, might become the world's first trillionaire as early as 2024. By comparing Musk's present net worth of $263 billion to his year-over-year income increase since 2017, the company forecasted Musk's wealth will approach $1 trillion.
Despite the fact that Musk was not born in Texas, his company The Boring Company is headquartered in Austin, SpaceX has a launch facility in Brownsville, and Tesla is now building vehicles in the state capital. In addition, the entrepreneur has been offered free land to relocate Twitter from San Francisco to Texas.
Musk acknowledged his move to Texas in late 2020, and in recent months, the mogul has revealed that he does not own a home in Texas and that he typically stays in friends' spare bedrooms.
According to World Bank figures, Musk's net worth is about equal to the GDP of the Czech Republic, a central European country with a population of 10.7 million people. If Musk or any other billionaire were to hit $1 trillion in wealth, it would be more than the GDP of the Netherlands, which has a population of 17.4 million people and is home to the popular tourist attraction Amsterdam.According to the World Bank, the current global GDP is $84.75 trillion, hence somebody who becomes a trillionaire would have a net worth of 1.17 percent of global GDP.
According to the survey, another Texan businessman, Dell Technologies CEO Michael Dell, is expected to become a trillionaire by 2033. Dell is a native of Houston, and his company is based in the Austin suburb of Round Rock.
Following Musk, commodity trading business Adani Group Chairman Guatam Adani is expected to become a trillionaire in 2025, while ByteDance Technology Co., which owns TikTok, founder and Chairman Zhang Yiming is expected to become a trillionaire in 2026. According to the survey, 21 of the world's wealthiest people "realistically have a possibility" to become billionaires at some point in their lives.
Louis Vuitton CEO Mukesh Ambani (2029), Amazon CEO Jeff Bezos (2030), Google co-founder Larry Page (2032), L.A. Clippers owner and former Microsoft CEO Steve Balmer (2032), Facebook CEO Mark Zuckerberg (2034), Oracle CEO Larry Ellison (2036), and Microsoft co-founder Bill Gates are among the other notable potential trillionaires (2044).
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