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A recent global wealth report suggests that Elon Musk is poised to become the first trillionaire in history by the year 2027.

At the age of 53, Musk is recognized as the wealthiest person in the world, with a staggering net worth of $251 billion, according to Bloomberg’s Billionaires Index.

A recent analysis by Informa Connect Academy reveals that Musk’s wealth is growing at an incredible average annual rate of 110 percent.

According to the findings, if the Tesla CEO’s fortune keeps increasing at its current pace, he may become the world’s first trillionaire in just three years.

The report titled The 2024 Trillion Dollar Club projects that Tesla, under Musk’s leadership, will achieve a market valuation of $669.3 billion.

According to Informa Connect Academy, the company’s growth rate is an impressive 173.3 percent, suggesting that Tesla may exceed the $1 trillion threshold as early as next year.

Additionally, the academy’s analysis reveals that Gautam Adani, the head of a significant business empire in India, is on track to become the next person to attain trillionaire status.

Reports suggest that this might happen in 2028, assuming Musk maintains his impressive annual growth rate of 123 percent.

Jensen Huang, the CEO of Nvidia, and Indonesian energy and mining magnate Prajogo Pangetsu are on track to become trillionaires by 2028, according to recent forecasts.

In parallel, Bernard Arnault, the leader of LVMH Moet Hennessy Louis Vuitton and currently the world’s third-richest person with around $200 billion, is anticipated to amass a trillion-dollar wealth by 2030, aligning with the timeline of Meta’s CEO Mark Zuckerberg.

According to the growth report, the two wealthiest companies are Microsoft, valued at $3.4 trillion, and Apple, which stands at $2.5 trillion.

The two technology behemoths reached the impressive milestone of a trillion-dollar valuation in 2019 and 2018, respectively.