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russia today (rt) cited research by the wealth tracking organization informa connect academy as saying that the latest forecast shows that elon musk is expected to become the world's first trillionaire in 2027. the forecast is based on musk's average annual wealth growth rate of 109.88%.

musk is the world's richest man with a fortune of $237 billion, according to the bloomberg billionaires index. musk has co-founded six companies, including electric car maker tesla and spacecraft maker spacex. tesla's market value is $669.28 billion and is expected to break the trillion-dollar mark next year. in addition, musk acquired twitter in 2022 and renamed the platform x.

billionaires who may join the billionaire club in the near future include india's richest man gautam adani, nvidia ceo jensen huang and indonesian magnate prajogo pangestu. all three are expected to become trillionaires by 2028, informa connect academy said. french businessman bernard arnault, chairman of lvmh, the world's largest luxury goods group, is likely to become a trillionaire by 2030.

musk first appeared on the forbes billionaires list in 2012 with a net worth of $2 billion. in 2021, he replaced amazon founder jeff bezos as the world's richest man. in december 2022, tesla's stock price plummeted and musk gave up the position to arnault, but he topped the list again six months later.