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

In addition to world’s richest person, who has $251bn, report names others on track to receive trillionaire status

Elon Musk in central London. Picture: PA

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%.