Elon Musk could be the world's first trillionaire in United States dollars by 2024, as per recent research, wherein it predicted the net worth of the Tesla CEO.
Tesla head Elon Musk talks to the press as he arrives to to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. Musk is currently in Germany where he met with vaccine maker CureVac on Tuesday, with which Tesla has a cooperation to build devices for producing RNA vaccines.
Elon Musk as World's First Trillionaire?
The founder of Tesla and SpaceX, Musk, is currently a billionaire even as his wealth has massively tumbled by the end of February as the shares of his EV tech giant have fallen as well.
As per a news story by Bloomberg, even though Musk dropped from the $200 billion club after losing $13.3 billion last Feb. 24, he is still undoubtedly a wealthy billionaire by any means.
As such, even in times when the stock markets face massive decline trends, which also affect the overall wealth of the Tesla CEO, Musk remains a billionaire.
However, this time around, a new study is saying that in a few years from now, Musk will no longer be a billionaire as the tech exec reaches the trillionaire status.
Elon Musk Net Worth by 2024 Prediction
According to a recent report by Tesla North, the billionaire tech entrepreneur will be amassing trillion-dollar wealth by the time he reaches the age of 52 in 2024.
The recent study by Tipalti Approve shared its prediction of the wealth of Elon Musk based on his yearly average earnings, which is supposed to make him the first trillionaire ever in the world, at least in USD.
The research suggested that the Tesla boss is going to enter the trillionaire club as its first member sometime in 2024.
Tesla CEO Elon Musk arrives at federal court, April 4, 2019 in New York City. A federal judge will hear oral arguments this afternoon in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) that seeks to hold Musk in contempt for violating a settlement deal.
The report from Approve highlighted that the income of Musk has significantly jacked up by an impressive 129% annually on an average.
If the annual average increase of the wealth of the Tesla CEO continues its trend, the research predicts that by 2024, Musk would go past the billionaire mark.
That said, in the next two years, it is predicted that the net worth of the tech exec could reach up to a staggering $1.38 trillion.
The study further noted that the space exploration firm of Musk, SpaceX, has bagged multi-million dollar contracts from the government and other private firms, which generates astronomical income for the tech CEO.
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Written by Teejay Boris
