New Study Reveals Musk’s Trillion-Dollar Affiliation in More Ways Than One

Veuer

A new study conducted by Informaconnet has revealed Elon Musk is on track to become the world’s first trillionaire and it could be as soon as 2027. The same study found Musk’s tech company Tesla to be growing at a rate of 170% per year, which predicts the company to reach trillion-dollar valuation by next year. Veuer’s Chloe Hurst has the story!

Transcript

00:00A new study conducted by Informer Connect has revealed Elon Musk is on track to become

00:05the world's first trillionaire, and it could be as soon as 2027. The Hill reports,

00:12the business mogul is worth an estimated $195 billion, a figure continually growing by more

00:20than 100% a year. The same study found Musk's tech company Tesla to be growing at a rate of

00:27170% per year, which predicts the company to reach trillion-dollar valuation by next year.

00:34The list generated from the study was based on market cap, value of assets owned,

00:39and overall net worth. The study outlined, out of these 30, we excluded those on whom no data

00:46is available for at least five years, and thus, for whom we cannot calculate a reliable annual

00:51average growth rate. We then calculated the average growth rate per year for everyone in

00:56the resulting shortlist over the last five years, and extrapolated this to yield 30-year forecasts.

01:03We use this data to predict who is likely to reach trillionaire status, and in what year.

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