Elon Musk projected to become the world’s first trillionaire by 2027

Tech titan Elon Musk could soon have a trillion reasons to smile if a new financial report comes to fruition.

Tech titan Elon Musk is projected to become the world’s first trillionaire before the end of the decade if a new financial forecast comes to fruition. According to the Informa Connect Academy, the Tesla, SpaceX and X boss, is the “clear favourite” to amass a 13-figure net worth before any other billionaires in a recently released report.

It’s forecast that Musk, already worth $241.8 billion ($AU 363.3 billion) and currently the world’s wealthiest person, will reach the eye-watering milestone by 2027.

(Photo by Sarah Stier/Getty Images)

According to Informa Connect Academy, Musk’s fortune climbs nearly 110 per cent annually.

Musk became a billionaire in 2012 and has spent recent years topping the list of the world’s richest people, though at times dropping briefly under competitors including Amazon’s Jeff Bezos, Mark Zuckerberg from Meta fame and enigmatic French businessman Bernard Arnault.

However, it is a race to trillionaire status. The report has named others forecasting Adani Group Chairman Gautam Adani, Nvidia CEO Jensen Huang and Barito Pacific founder Prajogo Pangestu to breach the threshold in 2028.

The report also predicts several companies could soon reach a market capitalisation of at least $1 trillion, with Taiwan Semiconductor Manufacturing Co. projected to achieve this milestone next year. (Photo by SAUL LOEB / AFP)

Arnault is likely to do so in 2031.

The report predicts several companies could soon reach a market capitalisation of at least $1 trillion ($AU1.5 trillion) among the few firms that achieved this milestone.

Taiwan Semiconductor Manufacturing Co. is ranked number one in the forecast, with a projected trillion-dollar market cap next year.

Other companies mentioned in the report include Eli Lilly, Broadcom, and Musk’s Tesla, which are projected to reach a $1 trillion ($AU1.5 trillion) market cap by 2025.

Originally published as Elon Musk projected to become the world’s first trillionaire by 2027