Tesla CEO Elon Musk is well on his way to becoming the world’s first trillionaire by 2024, according to a new study “Since 2017, Musk’s fortune has shown an annual average increase of 129%, which could potentially see him enter the trillion-dollar club in just two short years, achieving a net worth of $1.38 trillion by 2024 at age 52. SpaceX generates massive incomes by charging governmental and commercial clients to send various things into space, including satellites, ISS supplies, and people.
The research compared the annual net worth of the world’s richest people, estimating how quickly they will reach a personal valuation of one trillion dollars based on an overview of average yearly growth trends.
In January, Musk became the richest person in the world, surpassing former Amazon CEO Jeff Bezos, according to the Bloomberg Billionaires Index, which is a comprehensive ranking of the 500 wealthiest people in the world. Musk’s net worth was at the time steady at $188.5 billion, $1.5 billion higher than Bezos’ who had previously remained in the number-one spot since October 2018.