Musk’s wealth has grown at over 110% yearly
According to a recent report by Dubai-based Informa Connect Academy, Elon Musk, the CEO of Tesla, is projected to become the first trillionaire in the world by 2027.
According to Bloomberg’s billionaire index, Musk’s wealth has grown at a remarkable yearly rate of more than 110%, bringing his fortune to an astounding $241 billion.
India’s Gautam Adani is at the second spot
Right behind is Indian businessman Gautam Adani, set to become the second trillionaire by possibly reaching the milestone in 2028.
Adani’s wealth has been growing at an impressive rate of 123% per year.
Also read: Hurun India Rich List 2024: This industrialist tops the list; Find out…
It is predicted that by 2030, other billionaires such as Jensen Huang of Nvidia, Mark Zuckerberg of Meta, and Bernard Arnault of LVMH will also reach the trillion-dollar mark.
Fortune India report reveals combined wealth of country’s richest has gone past $1 trillion
India’s recent attention has been on its growing wealth, highlighted by two reports that emphasize the country’s fast increase in wealth generation. According to a report by Fortune India, the total wealth of the wealthiest people in the country has risen to over $1 trillion, hitting $1.19 trillion (Rs 99.86 lakh crore), with 185 billionaires.
At the forefront are Gautam Adani and Mukesh Ambani, both having wealth over Rs 10 trillion. Following closely are the Shapoorji Pallonji family, boasting a total wealth of Rs 3,64,932 crore.
Also read: World’s richest 1% became richer by $42 trillion in past decade: Oxfam
Hurun India Rich List revealed India saw emergence of a new billionaire every 5 days in 2023
The Hurun India Rich List 2024 reported that India saw the emergence of a new billionaire every five days in 2023, with 1,539 ultra-wealthy individuals worth over Rs 1,000 crore being added to the list.
At the same time, Ambani is ranked as the wealthiest Asian on the Bloomberg real-time index, with $111 billion, while Adani follows closely behind with $99.6 billion.
