Can Elon Musk become a Trillionaires? The question isn’t one of greed but rather a simple one. The Tesla CEO has been making a lot of money from his company and has promised to donate ten percent of his stock to charity. He has now donated $5 billion of Tesla stock, transferring the shares over 10 days in November. While his SEC filing describes the transfer as a “bona fide gift,” it does not say which charity the shares were given to.
There have been several predictions made by experts on Musk’s wealth. According to the Tipalti Approve study, Elon Musk will become the world’s first trillionaire by 2024. His wealth is already huge, and the company is predicted to grow exponentially over the next two years. And the Tesla company is expected to grow even faster. So, what should we expect from Musk? In this article, we will explore the key components of his wealth.
Among those contributing to Musk’s net worth are Tesla and SpaceX. Tesla’s share price has risen by over a hundred percent annually. Musk’s wealth is projected to surpass Jeff Bezos’s by 2024. His personal wealth, which was estimated at $262 billion mid-January, is also on the rise. But what are the other pieces of Musk’s wealth?
Musk’s private space company, SpaceX, has recently become the second-biggest privately held company in the world. The company’s recent secondary share sale has valued it at about $100 billion, which puts Musk on the brink of becoming a Trillionaire. Despite the space company’s enormous value, SpaceX makes up only about 17 percent of Musk’s total net worth. However, his Starlink satellite-communications business is the biggest contributor to Jonas’ estimate.
There are many reasons why he could be the first American Trillionaire. For starters, he could lead a major role in cleanly electrifying the world’s largest economy. Another possibility is that he might create a permanent human presence on the Moon and Mars. If all of these things were true, Elon Musk could be equal to Albert Einstein and Leonardo Da Vinci.
According to the Bloomberg Billionaire Index, Musk could become the world’s richest person in twenty-four years. A recent study suggests that Musk’s current net worth of $275 billion could rise to the trillion-dollar mark by 2024. That would put him ahead of other tech giants such as Facebook and Google, and even Warren Buffett. And who knows? Perhaps Musk will become the next billionaire, too.
What makes Musk a Trillionaire? A huge portion of his wealth is locked up in his companies. Tesla and SpaceX have skyrocketed since the year 2020, and SpaceX and Boring Company may be able to catapult even more growth over the next two years. Moreover, geopolitical tensions are a huge reason why Musk is worth $270 billion. The next time you buy a Tesla, remember that it will soon be worth more than twice as much as the one you bought it from.
Other billionaires are expected to hit the trillion-dollar mark before Musk does. Other billionaires include Zhang Yiming, the founder of TikTok, and Blue Origin owner Jeff Bezos, who will likely reach the $1 trillion mark by 2030. However, Musk will be a trillionaire a little later than Bezos. That’s a few years later than Bezos!
SpaceX is already worth $100 billion. Musk sees it as a multiple-business entity, with the Falcon 9 workhouse rocket being the backbone of his business. He values space tourism, Earth observation, and deep-space exploration as well as Starlink Low-Earth Orbit (LEO) internet service. However, the future is uncertain, with space tourism and exploration likely to be a major part of Musk’s success.