Back in 1916, the world saw its first billionaire when John D. Rockefeller of Standard Oil reached a net worth of $1 billion. This achievement was considered monumental at the time and sparked a fascination with the idea of becoming a billionaire. Fast forward to the present day, and the focus has shifted to who will be the first trillionaire. With companies like Berkshire Hathaway and Nvidia surpassing the trillion-dollar mark, the race is on to see which individual will reach this milestone first.
According to a report from Informa Connect Academy, Tesla CEO Elon Musk is predicted to be the first trillionaire. With an already impressive net worth of $251 billion, Musk’s wealth is expected to continue growing at an annual average rate of 110%. Following closely behind is India’s Gautam Adani, founder of the Adani Group, who could become a trillionaire by 2028 if his wealth continues to grow at its current rate of 123%. Jensen Huang, CEO of Nvidia, is also in the running to reach trillionaire status by 2028, with his wealth increasing significantly in recent years.
The report also highlights Indonesia’s Prajogo Pangestu and LVMH CEO Bernard Arnault as potential trillionaires in the near future. Pangestu, founder of Barito Pacific, could achieve trillionaire status by 2028, while Arnault, currently the world’s third-richest person, is predicted to reach the milestone by 2030. Additionally, Meta CEO Mark Zuckerberg is expected to join the trillionaire club in 2030, according to the report.
While these individuals are on track to becoming trillionaires, the report acknowledges that there are no guarantees. Market fluctuations, changes in company performance, and other unforeseen circumstances could impact their wealth trajectories. Furthermore, some well-known billionaires like Jeff Bezos, Larry Page, and Sergey Brin may not reach trillionaire status until later in the decade. However, advancements in technology, such as artificial intelligence, could potentially accelerate their journey to the trillion-dollar mark.
Despite the uncertainties and challenges ahead, the prospect of the world’s first trillionaire is closer than ever. With companies like Tesla, Nvidia, and LVMH experiencing significant growth, the next decade could see the crowning of the first individual with a trillion-dollar net worth. While the road to trillionaire status is paved with obstacles, the race is on to see who will reach this historic milestone first.