Has Elon Musk Net Worth and his achievements peaked? Will his Twitter purchase help or hurt his fortune?
He remarkably may be the first man
to become a trillionaire by 2024.
According
to Forbes' Real-Time Billionaires list, Musk's estimated net worth stands at
substantially over $260 billion, approximately $70 billion more than Jeff Bezos's
current estimated net worth of nearly $190 billion. His notable wealth surged
over the past few years thanks to his majority ownership of Tesla, which has
increased in revenue considerably and enhanced in value significantly since
2020. With the help of SpaceX, Musk's net worth climbed to the top and could
catalyze even more growth in the upcoming two years.
A
survey conducted by Tipalti Approve, said in their report, "Since
2017, Musk's fortune has shown an annual average increase of 129 percent, which
could potentially see him enter the trillion-dollar club in just two short
years, achieving a net worth of $1.38 trillion by 2024 at age 52, SpaceX
generates massive incomes by charging governmental and commercial clients to
send various things into space, including satellites, ISS supplies, and people.
Other billionaires are also expected to hit the trillion-dollar range, but not
before Musk.”
Not
to mention that Zhang Yiming, TikTok's founder, is expected to reach a $1
trillion net worth by 2026 at only 42 years old, making him the youngest
trillionaire in history. Within time, Bezos may hit the threshold in 2030.
Bezos’ fortune is groundbreaking in the net worth realm by reaching $100
billion before any other global entrepreneur.
Musk’s
financially savvy, has tremendous tenacity, and works efficiently, which is a
crucial lesson we can all learn from. I would not bet against him being the first
to ONE TRILLION.