Elon Musk on his way to become the first billionaire

According to Bloomberg‘s billionaire index, Musk is currently the richest person in the world. After Musk, the second billionaire could become the founder of the business conglomerate Gautam Adani from India

Elon Musk is on track to become the world’s first billionaire by 2027, according to research by wealth tracker Informa Connect Academy.

That conclusion stems from the fact that Musk’s wealth is growing at an average annual rate of 110 percent.

According to Bloomberg’s billionaire index, Musk is currently the richest person in the world, and at the time Informa Connect Academy published the research, he had $251 billion.

Analysis by the organization suggests that the founder of the business conglomerate Gautam Adani from India could become the second man to reach the status of a billionaire, but in 2028, if his annual growth rate remains at 123 percent, writes The Guardian.

Jensen Huang, chief executive of technology firm Nvidia, and Prajogo Pangestu, the Indonesian energy and mining mogul, could also become billionaires in 2028 if their growth trajectories hold.

Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton and the world’s third-richest person with about $200 billion, is on track to reach $1 trillion in 2030, the same year as Mark Zuckerberg, CEO of Meta.

The question of who could be the world’s first billionaire has fascinated the public since the first billionaire, John D. Rockefeller, was crowned in 1916.

Despite that fascination, many experts see the accumulation of vast wealth as a social disease. One report calculated that the richest 1 percent emit more carbon, the primary driver of the current climate crisis, than the poorest 66 percent.