Elon Musk.
Credit: Reuters Photo
New Delhi: Elon Musk, the charismatic CEO of electric car maker Tesla and rocket manufacturer SpaceX, may become the world's first trillionaire by 2027, while Indian tycoon Gautam Adani may attain that status in the following year, and Asia's richest man Mukesh Ambani may do so in 2033, according to an Informa Connect Academy report.
For Musk, the richest in the world with $237 billion net worth, to become the world's first trillionaire needs to grow at an average annual growth rate of 110 per cent, the report said.
Adani, who is ranked 13th on the world billionaire index with a wealth of just under $100 billion, maybe the second trillionaire (net worth equal to at least one trillion US dollars) if his ports-to-power conglomerate was to continue growing at the current 123 per cent average annual rate, it added.
Rival Ambani, now ranked Asia's richest with a net worth of $111 billion, may achieve the same status in 2033, according to the report.
His oil-to-telecom-and-retail conglomerate is slated to hit trillion-dollar market cap status in 2035. Ambani's Reliance Industries Ltd is the only Indian company projected to hit that mark.
The companies that will hit the trillion-dollar market cap mark include Taiwan's semiconductor maker TSMC, which has a market cap of $893.7 billion now and is expected to achieve that status in 2025.
It will be closely followed by Berkshire Hathaway, pharma giant Eli Lilly, technology company Broadcom and electric automobile firm Tesla.
The report said, "No one in the world has claimed trillionaire status – at least not yet. However, there are some likely candidates. The following are multi-billionaires who will probably become trillionaires sooner or later".
After Elon Musk and Gautam Adani, NVIDIA founder Jensen Huang, Indonesian mogul Prajogo Pangestu, French businessman Bernard Arnault, and Facebook CEO Mark Zuckerberg come next as prospective trillionaires.
Currently, there are only a handful of companies that have crossed the $1 trillion in valuation. This includes Microsoft, Nvidia, Apple, Alphabet, Amazon, Saudi Aramco, and Meta. The most recent case is that of Warren Buffett's Berkshire Hathaway in late August.
Nvidia also joined the $1 trillion club in May 2023 and reached $3 trillion in June, becoming the second most valuable company in the world, with Microsoft ahead and Apple behind.