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Elon Musk could become world's first trillionaire by 2027

Elon Musk, who is worth $241.8 billion, according to Forbes, could reach a staggering new level of wealth by 2027 thanks to how quickly his net worth increases each year.

Elon Musk could become the first trillionaire within the next couple of years, according to a new report.

Informa Connect Academy identified Musk, the CEO of Tesla, SpaceX and X, as the "clear favourite" to amass a 13-figure net worth before any other billionaires in a recently released report.

Musk, who is worth $241.8 billion, according to Forbes, could reach a staggering new level of wealth by 2027 thanks to how quickly his net worth increases each year, the report estimated.

ELON MUSK PREDICTS CREWED SPACEX FLIGHTS TO MARS BY 2028, HOPES FOR ‘SELF-SUSTAINING CITY’ ON PLANET

His personal fortune goes up nearly 110% each year on average, Informa Connect Academy found.

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