Elon Musk is projected to become the world’s first trillionaire by 2027, according to a report by Informa Connect Academy, which tracks global wealth

Musk, CEO of Tesla, SpaceX, and owner of X (formerly Twitter), has seen his wealth grow at an annual rate of 110%, reaching $251 billion as of 2024.

While Musk is projected to reach trillionaire status first, others are just a little behind.

Indian business conglomerate leader Gautam Adani is predicted to achieve the milestone in 2028, assuming his current growth rate of 123% remains consistent.

Adani, whose empire spans industries like energy and logistics, is one of Asia’s wealthiest figures.

In addition to Musk and Adani, other prominent figures from the tech industry are also on track to join the trillion-dollar club.

Jensen Huang, CEO of Nvidia, and Indonesian energy and mining tycoon Prajogo Pangestu could also reach trillionaire status by 2028 if their wealth trajectories continue.

Nvidia, a company revolutionizing the graphics processing and AI industries, has seen explosive growth in recent years.

Despite some celebrating these achievements, critics express concerns about the growing concentration of wealth.

Reports show that the richest 1% are responsible for more carbon emissions than the poorest 66%, raising questions about the societal and environmental impacts of such vast fortunes.

Musk has also faced backlash over his social media activity, further complicating public perceptions of his influence.