Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
Elon Musk, Michael Dell predicted to reach trillionaire status in coming years

(Bob Daemmrich)

In just a few years, the men behind Texas-based tech giants could be some of the first trillionaires.


A new study by software company Tipalti Approve predicts Elon Musk, the world’s richest person, will reach trillionaire status by 2024. His estimated net worth at the start of the year was $263 billion and it has increased by an average of 129% since 2017, which puts him on track to reach a $1.38 trillion net worth at age 52.

Though Musk has other ventures like Neuralink and the Boring Company, the study notes Tesla and SpaceX as contributors to his growing wealth. Combined, the two companies saw Musk’s fortune grow more than 10 times from what it was in 2020.

Tipalti Approve carried out the study by comparing the annual net worths of the richest people from 2017 to the present day, to calculate the year on year annual growth rate of each and estimate when they’ll reach one trillion dollars.

Some expressed disappointment in the study with one Twitter user saying “every trillionaire is a policy failure.” Musk has commented on the massive amounts of wealth held by him and some of the others in the billionaire club.

Still, the study notes the trillionaire race isn’t certain, as Amazon CEO Jeff Bezos was previously on the fastest track for the title.

“It was Bezos, not Musk, who a few years ago was expected to become the world’s first trillionaire, and who now isn’t expected to join the club until 2030, some six years after Musk,” the study notes.

The other likely trillionaire with ties to Central Texas is Michael Dell, the CEO of Dell Technologies. He’s predicted to become a trillionaire by 2033 when he’s 67 years old.

His current net worth is $60 billion, and he's expected to beat others like Mark Zuckerberg and Fort Worth billionaire Alice Walton to the trillionaire club.

Popular

Tito's releases (not so?) ugly sweater line for the holidays, profits to charity

Tito's Handmade Vodka

Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.

There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.

All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.

Click here to see the entire collection in the Tito's store.

Mac and Cheese Fest and Free Art Exhibit
Waterloo Greenway, Good Vibrations Installation


🗓 All weekend

🎨 Creek Show Art Exhibit

Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities

All weekend 6 p.m - 10 p.m | 📍Waterloo Park

✨ Mozart's Light Show

This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.

6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703

🗓 Saturday

🥊 Kickboxing in the Park

This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.

10 a.m - 11 a.m | 📍 Metz Park

🛍 The Front Market

Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.

11 a.m - 5 p.m | 📍Ani's Day and Night - 7107 E Riverside Drive, Austin, TX 78741

🗓 Sunday

🧀 Mac and Cheese Fest

Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.

11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway