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admin2022-07-1614

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,The company predicted Musk’s wealth will exceed the US$1 trillion (RM4.42 trillion) mark by comparing his current net worth, which is US$263bil (RM1.16 trillion), with his year-over-year income growth since 2017. — RYAN LASH/TED Conferences/AFP

Tesla CEO Elon Musk, whose recent business ventures include continued negotiations to purchase Twitter for US$44bil (RM194.65bil) and opening a Tesla gigafactory in Austin, could become the world’s first trillionaire as early as 2024, according to a report from software company Tipalti Approve.

The company predicted Musk’s wealth will exceed the US$1 trillion (RM4.42 trillion) mark by comparing his current net worth, which is US$263bil (RM1.16 trillion), with his year-over-year income growth since 2017.

While Musk was not born in Texas, his footprint is all over the Lone Star State with The Boring Company being headquartered in Austin, SpaceX having a launch facility in Brownsville and now Tesla producing vehicles in the state capital. The busines *** an has also been offered free land to move Twitter from San Francisco to Texas.

In late 2020, Musk confirmed that he had moved to Texas and in recent months the busines *** an has stated that he does not own a house in Texas and mostly stays in the spare bedrooms of friends.

Musk’s net worth is currently about equal to the entire GDP of the Czech Republic, a central European country with a population of 10.7 million, according to data from the World Bank. Were Musk, or any other billionaire, to reach the US$1 trillion (RM4.42 trillion) mark, their wealth would be more than the GDP of the Netherlands, a country with 17.4 million people and home to popular tourist destination Amsterdam.

With the current world GDP valued at US$84.75 trillion (RM374.93 trillion) according to the World Bank, anyone reaching trillionaire status would have a net worth that is 1.17% of the entire world’s GDP.

Another Texan busines *** an, Dell Technologies CEO Michael Dell, is predicted to become a trillionaire by 2033, the report said. Dell is a Houston native and his company is headquartered in the Austin-area suburb of Round Rock.

Those predicted to become trillionaires after Musk include commodity trading business Adani Group chairman Guatam Adani in 2025 and ByteDance Technology Co, which owns TikTok, founder and chairman Zhang Yiming in 2026. Of the 30 richest people in the world, 21 “realistically have a chance” to become a trillionaire at some point in their lifetimes, the report said.

Other notable potential trillionaires include Louis Vuitton CEO Mukesh Ambani (2029), Amazon CEO Jeff Bezos (2030), Google co-founder Larry Page (2032), L.A. Clippers owner and former Microsoft CEO Steve Balmer (2032), Facebook CEO Mark Zuckerberg (2034), Oracle CEO Larry Ellison (2036) and Microsoft co-founder Bill Gates (2044). – Houston Chronicle/Tribune News Service

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