Elon Musk Could Soon Become The World’s First Trillionaire

There are certain things that Elon Musk touches that don’t turn to gold. The most recent effort he made to purchase Twitter has been unsuccessful. His automobile firm, Tesla, often suffers stock losses as a result of Musk’s irresponsible tweeting, which has led some investors, including Bill Gates, to short the company’s shares. In addition to that, claims of sexual harassment have been made against him.

In spite of this, it seems that Elon Musk’s already enormous wealth is just becoming even larger. According to research that was carried was not too long ago by Approve, Elon Musk is well on his way to being the world’s first trillionaire by the year 2024. The affluent simply keep becoming wealthier.

The purpose of the research conducted by Approve and titled “The Trillion Dollar Club” was to make predictions on who billionaires will become trillionaires and when. According to the study, “We compared the annual net worths of the top 30 richest people from 2017 through to the present day, to calculate the year on year annual growth rate for each of our billionaires and estimate how soon each of them will reach one trillion dollars.” This information was obtained by comparing the annual net worths of the top 30 richest people from 2017 through to the present day.

The investigation took into consideration Elon Musk’s present net worth, which was estimated to be $263 billion at the beginning of this year, as well as the pace at which it was expanding, which was around 129 percent annually. This implies that Musk might become the first person in the world to be worth a trillion dollars in only two years.

Naturally, there are a lot of things that may go wrong for Musk’s money. His effort to make a deal on Twitter has been unsuccessful, and as a result, he has made irrational statements regarding the possibility of passing away “under unexplained circumstances.” A significant number of Tesla vehicles have been involved in accidents while operating in autopilot mode, leading to the company being placed under investigation. Keeping all of these factors in mind, Elon Musk’s anticipated one trillion dollars may not be a sure thing.

Source: HotNewWhiphop

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Written by Alex Bruno

Freelance space writer Alex Bruno specializes in covering China's quickly expanding space industry. In 2021, he started writing for SpaceXMania. He also contributes to publications including SpaceNews, IEEE Spectrum, National Geographic, Sky & Telescope, and New Scientist. When Alex was a small child, he first experienced the space bug after seeing Voyager photographs of alien planets in our solar system. When not in space, Alex likes to go trail jogging in the Finnish countryside.

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