In September 1916, the world saw its first billionaire, John D. Rockefeller, due to the soaring share price of Standard Oil. Fast forward more than a century later, the question on everyone’s mind is who will be the first trillionaire. Companies like Berkshire Hathaway and Nvidia have already entered the trillion-dollar territory, sparking further speculation about individuals reaching this milestone.
Elon Musk: The Front Runner
According to a report by Informa Connect Academy, Tesla CEO Elon Musk is poised to be the first trillionaire. With a current net worth of $251 billion, Musk’s wealth is projected to grow at an average annual rate of 110%. The report suggests that Musk could achieve trillionaire status by 2027, solidifying his position as the world’s richest individual.
Following closely behind Musk are India’s Gautam Adani and Nvidia’s CEO Jensen Huang. Adani, with a conglomerate spanning multiple industries, is projected to become a trillionaire by 2028 if his wealth continues to grow at an annual rate of 123%. Huang, who has seen a meteoric rise in wealth from $3 billion to over $90 billion in five years, could join the trillionaire club by 2028 if his wealth grows at a rate of 112%.
Indonesia’s Prajogo Pangestu, founder of Barito Pacific, and LVMH CEO Bernard Arnault are also on track to achieve trillionaire status. Pangestu is predicted to reach this milestone by 2028, while Arnault may become a trillionaire by 2030. Both individuals have significant wealth and industry influence, positioning them as strong contenders in the race to trillionaire status.
Long Shots and Future Possibilities
While the top contenders are clear, some familiar names like Jeff Bezos, Larry Page, and Sergey Brin are further down the list. Bezos, currently the world’s second-richest individual, may not achieve trillionaire status until 2036. The Google founders, Page and Brin, are also projected to wait until 2030 to join the trillion-dollar club. However, advancements in artificial intelligence could potentially accelerate their rise to trillionaire status.
Predicting the first trillionaire has been a topic of interest for years, with speculation abound regarding the timing and individuals involved. While companies like Tesla, Nvidia, and LVMH have experienced rapid growth, there are no guarantees that their stocks will continue to soar at the same pace. Nevertheless, the race to trillionaire status remains a focal point in the world of high-net-worth individuals, with the possibility of crowning the first trillionaire within the next decade.