The rise of Tesla Inc. and SpaceX has boosted Musk’s fortunes to the brink of a trillion-dollar status. If that is indeed the case, the question remains: Will Elon Musk be a trillionaire? And how fast? Well, Morgan Stanley’s analysis suggests that the CEO of Tesla could become a trillionaire by 2024, or even earlier. The next billion-dollar company is SpaceX.
A recent Forbes report put Elon Musk’s wealth at $215.1 billion in June 2022, which is the highest figure of any living person. And with the company continuing to grow, it is highly possible that Musk will exceed that amount. Tesla is now one of the most profitable companies in the world, and Musk’s market share has reached a record high. It has also increased Musk’s fortune by an astounding $72 billion this year alone. That’s up 42.4% from last year.
Tesla CEO Elon Musk is in talks to purchase Twitter for $44 billion, and he’s also planning to build a Tesla gigafactory in Austin. Analysts estimate that Elon Musk will become the world’s first trillionaire by 2024. His companies have a combined net worth of over $850 billion, and SpaceX is valued at $30 billion. His personal net worth has ballooned to $222 billion, according to Bloomberg’s Billionaires Index.
As his net worth has increased year after year, he has been one of the most influential figures in technology. It has increased dramatically since his acquisition of Twitter, and it’s possible he’ll catalyze even more growth in the next two years. And if that doesn’t happen, there are other potential ways that he can become a trillionaire. In the meantime, the question remains: Will Elon Musk become the first billionaire in the world?