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Elon Musk on pace to become world’s first trillionaire by 2027, report says

Elon Musk is on pace to become the world’s first trillionaire by 2027, according to a new report from a group that tracks wealth.

Informa Connect Academy’s finding about the boss of electric carmaker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) stems from the fact that Musk’s wealth has been growing at an average annual rate of 110%. He was also the world’s richest person, with $251bn, according to the Bloomberg Billionaires Index, as the academy’s 2024 Trillion Dollar Club report began circulating Friday.

The academy’s analysis suggested business conglomerate founder Gautam Adani of India would become the second to achieve trillionaire status. That would reportedly happen in 2028 if his annual growth rate remains at 123%.

theacharnian ,
@theacharnian@lemmy.ca avatar

Ah ! ça ira, ça ira, ça ira !

OhStopYellingAtMe ,
@OhStopYellingAtMe@lemmy.world avatar

Tax the fuck out of him.

gaael ,

Well, I do wonder what trillionaires taste like. Any seasoning/cooking recommandations ?

kent_eh ,

I do wonder what trillionaires taste like

Lard and bullshit, I would imagine.

girlfreddy OP ,
@girlfreddy@lemmy.ca avatar

Better marinate that meat in a strong stout for at least a week. :p

zbyte64 ,

Oregano will go well with the traces of ketamine in the fat tissue.

HootinNHollerin ,

It’s possible putin was already a trillionaire before the war

girlfreddy OP ,
@girlfreddy@lemmy.ca avatar

I’d be more worried about shit like this (reported in the article) …

(Musk’s) post said an interview between former Fox News host Tucker Carlson and podcaster Darryl Cooper – a fellow rightwing media figure – was “very interesting. Worth watching.”

Cooper claimed in the interview that the Nazis did not mean to murder so many people when they carried out the Holocaust and killed 6 million Jews during the second world war. Instead, Cooper remarked, Adolf Hitler’s Nazi regime simply was not equipped to care for them – and the podcaster blamed British prime minister Winston Churchill for “that war becoming what it did”.

Musk ultimately deleted his post, and the White House condemned Carlson’s interview of Cooper as “a disgusting and sadistic insult to all Americans”.

Stern ,
@Stern@lemmy.world avatar

Because the cybertruck is selling like hotcakes and x, fka twitter is making so much money right?

FaceDeer ,
@FaceDeer@fedia.io avatar

Could it perhaps be that online communities are in bubbles that focus primarily on his failures and downvote into oblivion any mention of successes he might have had?

...

No, it must be the money that's wrong.

where_am_i ,

Regular Teslas are still very desirable luxury EVs and sell like hot cakes. SpaceX clearly just had to rescue Boeing’s blunder.

Those two will grow and big time. No matter how much you cry about the downfall of your beloved Xitter.

PumpkinEscobar ,

surely he’ll be less of a twat then. right?

tal ,
@tal@lemmy.today avatar

I guess buying Twitter hasn’t hurt him all that much.

Naich ,
@Naich@lemmings.world avatar

Hopefully it’ll hurt him a bit more when it collapses into irrelevance.

9point6 ,

I feel like there should be a prize for this

Perhaps involving a french antique with a place to rest one’s head

nkat2112 ,
@nkat2112@sh.itjust.works avatar

That’s an excellent point. For this oligarch and all others.

Maeve ,

I'm okay with taxing ultrawealthy billionaires and corporations out of existence, and giving them back the benefits of a well-fed/housed/clothed/educated/healthy population, of which they would also be the same.

zbyte64 ,

Hear me out, we should go with mega guillotine: youtu.be/YYJ5ZViYhHQ

ahal ,

Itym GIGA guillotine

Poayjay ,

Projecting him reaching a trillion dollars by using his average annual growth rate of >100% is ridiculous.

AdamEatsAss ,

This is a stupid article. I don’t think we can expect him to see 123% growth rate for 3 more years. That’s like saying my kid grew 6 inches this year by the time they’re 40 they will be 19 feet tall.

thejml ,

imgs.xkcd.com/comics/extrapolating.png

ininewcrow ,
@ininewcrow@lemmy.ca avatar

Not only is it stupid for exaggeration but for also glossing over the idea that it’s logical, sensible or moral for any person to own so much wealth that they would never be able to enjoy even just 1% of that during a single lifetime.

It’s completely absurd also from the thought that as one person owns enough wealth to pay for the lives of millions of people … millions of people are living in complete poverty and starvation.

We look through ancient history and laugh at the thought of our ancestors who worshipped kings, queens, god men, emperors and all powerful leaders … we’re still doing the same thing.

These thoughts don’t just reflect on people like Musk but on all of us for thinking and accepting that this is all normal behavior for what we all like to think is a modern sophisticated society.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Any reaction gif I could possibly post would be inappropriate and far too disgusting for public viewing, so just imagine I posted a gif of someone spewing bodily fluids out of every orifice like a firehose to gauge my response to finding this out.

Zerlyna ,
@Zerlyna@lemmy.world avatar

I’m down with that.

FoxyGrandpa ,

Like this?

https://lemmy.world/pictrs/image/c403272e-55d9-48b9-afbc-693b1c3c34b9.jpeg

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Can you not use your imagination? Did you learn nothing from Mr. Rogers and Figment?

FoxyGrandpa ,

Just trying to make sure we’re all on the same page here

citrusface ,

I mean you kinda manifested this here, so let’s not act surprised.

nova_ad_vitum ,

Why are you like this

SteakawokDanFanFan ,

Like this? https://startrek.website/pictrs/image/570ca8c3-837d-48d5-9bb5-e184f9ed3062.jpeg

SteakawokDanFanFan ,

If you can’t control yourself, do us a favour and remove your mod powers

nkat2112 ,
@nkat2112@sh.itjust.works avatar

Respectfully begging to differ, I think he did demonstrate solid self-control by not posting such a picture.

Further, I think he was just expressing his disgust for obscene wealth.

MediaBiasFactChecker Bot ,

The Guardian - News Source Context (Click to view Full Report)Information for The Guardian:
> MBFC: Left-Center - Credibility: Medium - Factual Reporting: Mixed - United Kingdom
> Wikipedia about this source

Search topics on Ground.Newshttps://www.theguardian.com/technology/article/2024/sep/07/elon-musk-first-trillionaire-2027

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