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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.


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