While Tesla and SpaceX CEO Elon Musk likes to speak freely and often annoys many people, there's no doubt that he's had a huge success. At the same time, he also began to speed up his interesting life journey, making grand plans for his epic future. Now, according to a new study, Musk could become the first trillionaire in 2024.
Predictions like these are hard to make, and they should be made as predictions until they actually come true, if they can. A few years ago, however, it was predicted that Tesla would eventually become a trillion-dollar company. In 2018, Musk himself told CNBC: "I do see the potential for Tesla to become a trillion-dollar company in 10 years."
Of course, many people opposed this prediction at the time, and even some predicted that Tesla would go bankrupt faster. Interestingly, Musk's prediction that Tesla will become a trillion-dollar company by 2028 is either true or wrong. That's because it happened in 2021, 7 years ahead of forecast.
With Tesla's rapid growth and rising stock price, Musk has become richer. Yet despite his frequent public appearances around the world and traveling the world in private jets, people close to him say he doesn't really value wealth or emphasize living a life of luxury. The CEO sold his mansion in California and now lives in a small house in Texas.
Musk's ex-girlfriend Grimes said he "sometimes lives below the poverty line." Musk and Grimes have two children. She even added that he wouldn't buy it when she found a hole in the mattress. Instead, he suggested that she go to her house and get her own mattress and take it over to replace the one with the hole.
In an interview with Vanity Fair, Grimes said: "This big brother doesn't live like a billionaire, and sometimes even lives like he lives below the poverty line. Later, I couldn't help but say: Can we not live in this $40,000 very unsafe house? Staying here, the neighbors can photograph us, there is no security, and I eat peanut butter for 8 consecutive days? ”
Musk is known to invest most of his money in Tesla stock, and when he has cash on hand, he often reinvests the money into his own company, while also donating to charity.
According to a new study recently released by analyst firm Tipalti Approve, an analysis of the data suggests that Musk may become the world's first trillionaire as soon as 2024. Citing data from Forbes' Real Time billionaire list, Musk's current net worth is estimated at more than $260 billion.
"Musk's wealth has grown by an average of 129 percent a year since 2017, which could put him on the trillion-dollar club in just two years, and by 2024, his net worth at the age of 52 will reach $1.38 trillion,000," the study reads. SpaceX earns huge revenues by providing rocket launch services to government and commercial customers, sending a variety of items into space, including satellites, ISS supplies and personnel. ”
Of course, there are other billionaires who are expected to eventually become trillionaires. However, based on the data and the current trajectory, Musk is likely to receive this honor ahead of his peers. So, let's wait and see!