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The world is on the cusp of witnessing its first trillionaires, according to a report by Informa Connect Academy. Elon Musk, the visionary CEO of Tesla and SpaceX, is projected to achieve this unprecedented feat by 2027. Musk's current net worth of USD 237 billion would need to grow at an astounding average annual rate of 110 percent to reach the trillionaire mark. Following closely behind is Gautam Adani, the Indian tycoon who heads a conglomerate spanning ports to power. Adani, currently ranked 13th on the world billionaire index with a wealth of just under USD 100 billion, could become the world's second trillionaire in 2028 if his business continues its impressive growth trajectory at the current average annual rate of 123 percent.
Mukesh Ambani, Asia's richest man with a net worth of USD 111 billion, is also on the path to joining the trillionaire club. Ambani's oil-to-telecom-and-retail conglomerate is expected to achieve a trillion-dollar market cap in 2035, with Ambani himself potentially reaching trillionaire status by 2033. While Ambani's Reliance Industries is the only Indian company projected to hit the trillion-dollar market cap milestone, several other global giants are expected to join the club in the coming years. Taiwan's semiconductor maker TSMC, currently boasting a market cap of USD 893.7 billion, is on track to reach the trillion-dollar mark in 2025. It will be followed closely by Berkshire Hathaway, Eli Lilly, Broadcom, and Tesla.
The report highlights that while no one has officially claimed trillionaire status yet, several other billionaires are in the running. Following Musk and Adani, NVIDIA founder Jensen Huang, Indonesian mogul Prajogo Pangestu, French businessman Bernard Arnault, and Facebook CEO Mark Zuckerberg are considered prospective trillionaires. Currently, a select few companies have crossed the USD 1 trillion valuation mark, including Microsoft, Nvidia, Apple, Alphabet, Amazon, Saudi Aramco, Meta, and Warren Buffett's Berkshire Hathaway. Nvidia's remarkable growth propelled it into the USD 1 trillion club in May 2023, and it further ascended to become the second most valuable company in the world with a valuation of USD 3 trillion in June, trailing only Microsoft and surpassing Apple.
The emergence of trillionaires signifies a monumental shift in wealth concentration and the global economy. While the report offers predictions based on current growth trends, it is crucial to acknowledge the inherent uncertainties and potential fluctuations that could impact these forecasts. The future trajectory of these billionaires and their companies will be shaped by a complex interplay of factors, including global economic conditions, technological advancements, regulatory policies, and consumer behavior. Only time will tell whether these individuals will truly reach the elusive trillionaire status or if other contenders will rise to challenge their position.
Source: Elon Musk May Be World's 1st Trillionaire By 2027, Gautam Adani In 2028: Report